April 21, 2024 11:42 pm
New drugs will soon be available to patients

Vietnam is currently facing challenges in accessing new medicines, with only a fraction of newly introduced drugs available in the local market. The Ministry of Health is proposing a reference mechanism to expedite approval for new drugs without compromising safety standards, which is expected to be implemented during the 8th National Assembly session in October 2024. This initiative aims to attract medical tourism to Vietnam by enhancing the availability of advanced treatments.

The proposed amendment will pave the way for positive changes and remove barriers that hinder rapid and sustainable access to medicine for the population. Vietnamese patients currently face limited access to new medicines compared to other countries, particularly when it comes to severe conditions like cancer where only a few approved therapies are available.

To address this issue, the Ministry of Health has proposed a reference mechanism that will speed up drug approval times while maintaining safety standards. This model, recommended by the World Health Organization, is already being used in several countries and has shown positive results.

In addition, the draft law includes provisions that streamline administrative procedures and regulate operations of domestic and foreign enterprises in the pharmaceutical sector. These measures aim to ensure stable drug supply, reasonable prices, and quality standards while incentivizing businesses to introduce innovative medications sooner.

Overall, the Ministry of Health’s proposed amendments seek to enhance access to advanced medicines, reduce treatment costs, and promote a robust pharmaceutical market in Vietnam.

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