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Vietnam To Take Steps To Curb Sharp Increase In Drug Costs

This article was originally published in PharmAsia News

Executive Summary

The stability of Vietnam's drug prices has been shaken by a weaker Vietnamese currency coupled with an increase in the cost of imported drugs, the Drug Administration of Vietnam says. The Vietnam Pharmaceutical Companies Association said foreign drugs are expected to rise by as much as 10 percent because of the weaker dong against the U.S. dollar. The head of the Drugs Control Department of Vietnam said local drug companies invested less in their companies last year because of the decline in the economy, but said the DCD would take steps to discourage price increases by inviting more bids and licensing more makers. (Click here for more
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