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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.
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