On January 1, 2007, Vietnam will officially enter the World Trade Organization (WTO). Several new rules will apply to the country’s medical industry as a part of accession. The Drug Administration of Vietnam (DAV) has stated that from that date, all drug... Read More
Vietnam’s Ministry of Health (MOH) recently announced plans that will include increased purchases for the country’s national health system. On August 10, 2006, at a national conference, the MOH announced it would upgrade the communal medical stations in villages and city wards.... Read More
Vietnam ‘s new Pharmaceutical Law, approved by the Vietnamese National Assembly in May 2005, will go into effect October 1, 2005. The Pharmaceutical Law addresses the development of the domestic pharmaceutical industry and State control over drug pricing, in addition to other... Read More
As Vietnam’s economy continues to expand (7.7 percent GDP growth in 2004), the country’s middle class population is growing, and spending is on the rise. More and more women are willing to purchase affordable, and occasionally, higher-end cosmetics. Vietnam’s cosmetic industry is... Read More
Vietnam 's population totals around 84 million and its economy boasted a 7.7 percent GDP growth rate in 2004. While Vietnam's healthcare industry is still developing, it is one of the faster growing markets in the global healthcare industry. In 2003, Vietnam... Read More
To expand their sales in the Asian medical markets, medical companies need to stay abreast of the new and changing regulatory environments for drugs, devices and In Vitro Diagnostics (IVDs). New or improved regulations are implemented frequently in Asia, including changes in... Read More
Vietnam’s pharmaceutical market is opening up and foreign-invested enterprises are beginning to play a larger role in the country, now contributing over 60% of the total prescription drugs available in Vietnam. However, conducting business in Vietnam is difficult, especially in the pharmaceutical... Read More
In order for Vietnam to better ensure the standards of their pharmaceutical products, Vietnam’s Ministry of Public Health has begun implementing new regulations for Good Manufacturing Practice (GMP) requirements. These regulations will be based on World Health Organization (WHO) standards and will... Read More
Increasing drug prices in Vietnam prompted Vietnam’s Ministry of Health (MoH) to adopt a series of measures to efficiently control drug prices and drug imports and stabilize the country’s pharmaceutical market. Beginning in June 2004, foreign pharmaceutical companies holding operating licenses in... Read More
The Ministry of Culture and Information and the Ministry of Health have jointly issued two updated guidelines on health and medical products advertising. The guidelines apply to advertisements for health-related matters, such as check-ups and treatment, medications, cosmetics that influence health, vaccines,... Read More