New drugs will soon be available to patients

The Ministry of Health is proposing a reference mechanism in drug circulation registration to speed up access to new and advanced drugs while maintaining safety standards. This move aims to enhance the availability of advanced treatments, attract medical tourism to Vietnam, and improve treatment options for severe conditions like cancer.

Currently, Vietnamese patients face challenges in accessing new medicines compared to other countries, with only a fraction of newly introduced drugs available in the local market. This limited access hampers treatment options and leads to high costs for patients and healthcare providers alike.

To address this issue, the Ministry of Health is proposing a reference mechanism that will expedite the approval process for new drugs without compromising safety standards. This model, recommended by the World Health Organization, has already been successfully implemented in several countries and has shown positive results in reducing approval times.

The draft law also includes provisions to streamline administrative procedures and regulate the 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 to Vietnam 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. If passed into law during the 8th National Assembly session in October 2024 and taking effect in 2025, these changes will benefit millions of Vietnamese people who currently struggle with limited access to medicine.

By Riley Johnson

As a content writer at newsmol.com, I dive into the depths of information to craft compelling stories that captivate and inform readers. With a keen eye for detail and a passion for storytelling, I strive to create engaging content that resonates with our audience. Whether it's breaking news, in-depth features, or thought-provoking opinion pieces, I am dedicated to delivering high-quality, informative content that keeps readers coming back for more. My goal is to bring a fresh perspective to every article I write and to make a meaningful impact through the power of words.

Leave a Reply