Update

Marketing authorisations (MAs) have been a pressing issue among multinationals and the Vietnamese government and the Ministry of Health (MoH) has made a number of actions to deal with it. What is the current situation? Tran Ngoc Anh, representative of the US-ASEAN Business Council Member companies of the US-ASEAN Business Council highly valued the issuance of Resolution No.12/2021/UBTVQH15 at the end of 2021, which enabled the continued use of MAs scheduled to expire before the end of 2022. The MoH then issued a list of about 10,000 drugs with MAs expired in 2021 and extended until the end of 2022, thus creating favourable conditions for the drugs to continue their imports into Vietnam and ensuring supply for hospitals to meet examination and treatment demands. Until now, all the issues related to MA for the drugs in 2022 have been dealt with. However, starting from January 2023, these 10,000 drugs and around 8,000 others will then expire. We are very concerned about … [Read more...] about The legal adaption measures expected from pharma groups

An advertisement for corporate bonds. (Photo: baodautu.vn) Hanoi (VNA) - After strong growth in the previous quarter, Vietnam’s currency bond market contracted 0.2% due to a decline in the Government bond market and slower growth in corporate bonds. On an annual basis, the market increased 21.1% to 97.4 billion USD. The information was released in a recent report by the Asian Development Bank (ADB). The country's Government bonds contracted 2% as the outstanding stock of central bank bills fell 70.3% from the previous quarter. Outstanding government bonds reached 67.3 billion USD. Expansion of corporate bonds moderated to 4.1% from the previous quarter, putting the segment at 30.1 billion USD. The report said that aggressive monetary tightening in advanced economies has pushed up bond yields and worsened the downturn of financial conditions in emerging East Asia. Regional currencies fell against the US dollar, equities dropped, and risk premiums widened between … [Read more...] about Vietnam’s bond market contracts amid monetary tightening