• Tue. Apr 23rd, 2024

Revolutionizing Medicine Access: The Ministry of Health Proposes a New Reference Mechanism for Drug Circulation Registration in Vietnam

BySamantha Nguyen

Apr 2, 2024
New drugs will soon be available to patients

The Ministry of Health is proposing a new reference mechanism in drug circulation registration to facilitate access to advanced and innovative medicines while maintaining safety standards. This initiative is part of a draft law that aims to amend and supplement the Pharmacy Law, which is expected to be reviewed and approved during the 8th National Assembly session in October 2024.

The ministry anticipates that this amendment will pave the way for positive changes, removing barriers and facilitating rapid access to medicine for patients. Additionally, it aims to attract medical tourism to Vietnam by enhancing the availability of advanced treatments.

Currently, Vietnamese patients face challenges in accessing new medicines compared to other countries, with only a small fraction available in the local market. This limited access hinders treatment options, particularly for severe conditions like cancer, where only a few approved therapies are available.

To address this issue, the Ministry of Health is proposing a reference mechanism that expedites the approval process without compromising safety standards. This model has already been recommended by the World Health Organization and is currently being used in several countries with positive results.

The draft law also includes provisions aimed at streamlining administrative procedures and regulating domestic and foreign enterprises operating in the pharmaceutical sector. These measures aim to ensure stable drug supply, reasonable prices, and quality standards while incentivizing businesses to introduce innovative medications earlier into Vietnam’s market.

Overall, these proposed amendments seek to enhance access to advanced medicines, reduce treatment costs, promote innovation in Vietnam’s pharmaceutical market while maintaining safety standards.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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