Under Health Minister Decision No 24/2008/QD-BYT of July 11, on management of prices of medicines sold by hospital drugstores, directors of hospitals will be responsible for operation of hospital pharmacies.
Under Health Minister Decision No 24/2008/QD-BYT of July 11, on management of prices of medicines sold by hospital drugstores, directors of hospitals will be responsible for operation of hospital pharmacies.
Hospital pharmacies are obliged to publicly announce prices of medicines under regulations and are prohibited from selling medicines for higher-than-announced prices.
It is prohibited to use non-business operation funding sources (including financial aid and collected hospital fee) as capital for the running of hospital pharmacies.
Hospital drugstores are still allowed to enter into joint ventures or business co-operation with other partners, provided these partners take joint responsibility.
Ceiling retail profit ratios prescribed for medicines and other pharmaceutical products sold by hospital drugstores at original prices of under VND1,000/unit, between VND1,000 and 5,000, between VND5,000 and one million, and over VND1 million are 20 per cent, 15 per cent, 7-10 per cent and 5 per cent, respectively.
Foreign-invested medicine manufacturers are not allowed to open drugstores to retail their own products.
(Source: VNS)
