The ultimate goal of the development programme for domestic pharmaceutical industry is to ensure the sufficient supply of medicines at reasonable costs for the people, said Deputy Prime Minister Vu Duc Dam at a meeting held in Hanoi on September 21.
Deputy Prime Minister Vu Duc Dam speaks at the event (Photo: VNA)
Hanoi (VNA)♊ – The ultimate goal ofthe development programme for domestic pharmaceutical industry is to ensure thesufficient supply of medicines at reasonable costs for the people, said Deputy PrimeMinister Vu Duc Dam at a meeting held in Hanoi on September 21.
Damasked the Health Ministry to hold periodic meetings and working sessions withpharmaceutical associations, businesses, ministries and agencies concerned todeal with specific issues, firstly helping amend the Pharmacy Law as soon aspossible. TheMinistry of Health must completely handle the extension of drug registrationwhile amending Circular No.30/2018/TT-BYTpromulgating the list and payment requirements for pharmaceuticalchemicals, biological products, radioactive drugs and those reserved for healthinsurance participants, which should be updated annually or in necessary cases. Inaddition, the Vietnam Social Security must soon submit solutions aimed at dealing withthe late payment for drugs and supplies covered by health insurance.
Illustrative image (Photo: VNA)
Director of the Drug Administration of Vietnam Vu Tuan Cuong saidthe pharmaceutical industry is on track to strong growth with a value of 3.4billion USD in 2015 to 6.92 billion USD in 2021. Domestically-made drugsaccount for 46% of the total. Vietnamis now home to 228 medicine production facilities meeting GMP-WHO standards, 14.3%of them fully automatic while 68% have automatic equipment that mainlyproduce generic medicines. Policiesand regulations have created favourable conditions for pharmaceutical industry,with incentives for investment in the production of hi-tech, treatment, invention,biological medicines, biological vaccines and medicine materials. However, the establishments mostly focus on producing generic medicines because it takes much time,capital and quality workforce to churn out hi-tech, treatment and inventeddrugs. Statistics showed that invented drugs account for only 3% in volume butup to 22% in value. Additionally,price negotiations and biddings for invented drugs remain slow due to the lackof reference information and price comparison. Cuong asked the industry to focus on attractinginvestment in production technology and improving product quality, build researchcentres for vaccines and biological products, develop domestic materials, andimprove the capacity of pharmaceutical research and testing./.
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