The revised Drug Law 2024, passed by the National Assembly on November 21, 2024, marks a significant step forward in完善越南药品行业的法律法规体系。这不仅是管理工具，更是推动制药行业强劲发展的动力，以满足日益增长的医疗保健需求。
Key Highlights of the Revised Drug Law 2024
1. Strengthening Policies for Pharmaceutical Industry Development
The revised Drug Law introduces several groundbreaking policies aimed at making the pharmaceutical industry a key sector. New regulations focus on attracting foreign investment and promoting domestic research and production. This creates favorable conditions for Vietnam to become a leading high-value pharmaceutical manufacturing center in Southeast Asia.
2. Supporting Online Drug Sales
With the growing e-commerce trend, the revised Drug Law officially legalizes online drug sales. This not only helps businesses expand their market but also makes it easier for people to access over-the-counter medications. However, online sales will be strictly regulated to ensure safety and effectiveness for users.
3. Streamlining Administrative Procedures
The law focuses on streamlining administrative procedures for drug registration. Classifying drugs based on characteristics and intended use shortens processing times while maintaining quality and safety. This increases early access to medication for the public.
4. Effective Drug Pricing Management
The revised Drug Law includes measures to manage drug prices transparently and in line with the Price Law. Specifically, the publication of expected wholesale prices for prescription drugs helps prevent price hikes through intermediary layers, ensuring consumer benefits.
Vision and Direction for Vietnam’s Pharmaceutical Industry Development
1. Attracting Foreign Investment
With special incentives for large projects, the revised Drug Law aims to attract substantial foreign investment. This not only enhances production capacity but also promotes the transfer of advanced technology, contributing to the goal of making Vietnam a high-value pharmaceutical manufacturing center by 2030.
2. Developing High-Tech Pharmaceuticals
The law encourages the research and development of high-tech drugs, vaccines, biologics, and rare drugs. Additionally, support policies from the Science and Technology Fund create favorable conditions for businesses to participate in these areas.
3. Ensuring Safety in Online Drug Sales
Online drug transactions will be closely monitored under specific regulations. Only qualified establishments will be permitted to engage in online sales, and all activities must strictly adhere to requirements regarding quality, consultation, and delivery.
Conclusion
The revised Drug Law 2024 not only addresses past issues but also opens up significant opportunities for Vietnam’s pharmaceutical industry. With preferential policies, streamlined procedures, and strict management, we can confidently look forward to a bright future where the pharmaceutical industry plays a crucial role in community healthcare. Let’s anticipate the new achievements that the revised Drug Law will bring!
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