On March 29, 2022, the Vietnamese MOH hosted a virtual conference to provide clarity to the new Price Declaration Process and announced the establishment of a new online portal for license holders to declare prices.

Decree No. 98/2021/ND-CP on the management of medical equipment, which stipulates the management of medical equipment prices in the form of price declaration, includes the following main contents:

a) Specifying the declared contents of the price, including the cost of imports or the cost of production, management costs, training and maintenance costs, warranty costs, expected profits and final selling prices.

b) Only the license holder or the distributor authorized by the owner are allowed to declare and publicize the price, and the remaining distributors must not sell the product higher than the price that has been publicized. At the same time, the distributor must be posted and publicize their selling prices.

c) Allowing competent state management agencies (not only the Ministry of Health) to request enterprises to explain price components when necessary.

d) To transparently disclose information on selling prices and winning bids of medical equipment on the website of the Ministry of Health.

The Deputy Minister requested the Department of Medical Equipment and Construction, the Department of Information Technology, and related facilities to provide specific guidance and answers on the implementation process, and the contents to be noted to ensure the implementation is unified, synchronous and effective. At the same time, continue to listen and absorb suggestions to improve the system, ensuring safety and transparency.

The following items where thereby emphasized by the Deputy Minster:
● “Declaring prices before circulating in Vietnam and updating them immediately when there are changes;
● Wholesale and retail prices must be listed;
● Publicize the winning bid prices of public medical facilities;
● Do not buy or sell without a price declaration;
● Must not buy or sell higher than the declared price at the time of purchase and sale".

Training conference on declaration and publicization of medical device prices
Decree 98/2021/ND-CP