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Vietnam Agency Says Foreign Drug Makers Evade Price Rules

This article was originally published in PharmAsia News

Executive Summary

Vietnam's Competition Control Agency says foreign drug makers and distributors have more involvement with drug pricing in the country than Vietnamese companies. The agency says the notion foreign drug makers sell their products at declared prices to Vietnamese importers and distributors that in turn set the local price is not accurate. Vietnam regulations bar foreign companies or their Vietnamese branches from distributing drugs in Vietnam, but the agency says they still control most of the nation's volume of pharmaceuticals, some priced as much as 300 times higher than their base price. (click here for more
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