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Drug Makers Accused By Vietnam Agency Of Colluding On Prices

This article was originally published in PharmAsia News

Executive Summary

Vietnamese officials have accused domestic and foreign drug makers of colluding to fix the price of drugs at a price 200 to 300 times their cost. Representatives of the Competition Control Agency, an arm of the Ministry of Industry and Trade, said pharmaceutical companies, distributors and brokers set the price of drugs before they are imported into Vietnam. Distributors and importers in Vietnam say their prices are determined by the price set by foreign drug makers. The agency said firms also control the volume of drugs on the market so they can keep their prices high. (Click here for more
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