Some foreign pharmaceutical firms have petitioned the Ministry of Health to increase the price of some kinds of medicine, reasoning the increase of input costs.

Those firms want to raise the price of some medicines prices by 3-5%. However, the Drug Administration of Vietnam doesn’t accept the petition, asking them to explain more about the reason and the increase ratio.

While the Ministry of Health doesn’t permit the raise of medicine prices yet, many kinds of medicines have increased already.

Survey of 1,000 types of medicines in all three regions of Vietnam, the north, the south and the central region, by the Association of Pharmaceutical Production and Business shows that many kinds of medicines, especially those from the US, India, and Hungary have prices up from 5-10% and over 10% for some types.

Three medicines even have prices up by 17.8% (Speccin), 18.2% (Tyffi), and 21.8% (Acular 5ml).

Source: VietnamNet