“Medical device manufacturers should act quickly to ensure compliance with the new regulations regarding pricing.”

David Vo
General Manager
Asia Actual VietNam

Come grow with us in the US in Thailand in China in Korea in the Philippines in Taiwan in Hong Kong

Important Documents and Links

Vietnam Launches Medical Device Pricing Portal

Published October 8, 2020

On September 9th, the Vietnamese Ministry of Health (MoH) officially opened the Information Portal of Medical Equipment Pricing, found on the Medical Device Management site, at a ceremony in Hanoi attended by MOH, hospital and medical industry leaders. Under the new system, the list price of medical equipment will be published (by configuration) on this Ministry of Health hosted website. The intent of the new system is to increase transparency, fairness and efficiency of public hospital purchasing.

The MoH will grant accounts to manufacturers, or their authorized representatives (License Holders) and require these firms to strictly implement the price disclosure in accordance with the Law on Price. On September 28th the MoH subsequently released Notification 5159/BYT-TB-CT which strongly encourages companies to comply by a December 31, 2020 deadline. Then, any organization, or individual may access the medical equipment price information as a matter of public access. At the time this blog was published the website was still in development and limited products had been listed.

As with eCatalogue listing in Indonesia, Foreign manufacturers should coordinate closely with their local representatives to design and implement an optimal price strategy in Vietnam and keep abreast of developments as this new system is refined in the coming months and years.

Grow With Us

Asia Actual specializes in helping medical device manufacturers grow their sales in Asia with experienced, bi-lingual commercial and regulatory experts on the ground in each market.  Contact Asia Actual today with any questions or support requests.

Other News Stories

China to Implement New Electrical Safety Standards for Medical Devices

An updated China-specific electromedical safety standard (BG 9706.1-2020) that was announced back in February of 2020 will come into full effect on May 1, 2023.

Taiwan FDA Launches New ePortal for Medical Device Applications

The Taiwan FDA has implemented the premarket E-Submission Portal aimed at making it easier for manufacturers to submit their applications

Vietnam’s MOH Holds Conference on Price Declaration

The conference was held to provide clarity to the Price Declaration process and announce the establishment of a new online portal for license holders to declare prices. This comes as many provincial health services, including Ninh Binh and Dak Nong, have not been able to purchase medical products since January 1, 2022.