Official: Medical equipment is a commodity subject to price declaration in Vietnam

Bao Ngoc

11:49, 11/11/2021

This is new content at Decree 98/2021/ND-CP dated November 8, 2021 on management of medical equipment.

This Decree has added measures to manage medical equipment prices as follows:

- Declare the price of medical equipment before circulating in Vietnam and update when changing the declared medical equipment price according to regulations.

- Posting the wholesale and retail prices of medical equipment in Vietnam dong at the place of transaction or the place of sale of medical equipment of the medical equipment trading establishment; publicly announced on the board, on paper, or in other forms.

- Publicize the winning bid for medical equipment of public medical facilities.

- Not to buy and sell medical equipment without the declared price and not to buy or sell higher than the price declared on the website of the Ministry of Health of Vietnam at the time of purchase and sale.

Therefore, according to the new regulations of Vietnam, medical equipment is officially classified into the group of goods subject to the declaration of price including import cost or production cost, expected profit, warranty and maintenance costs, training costs (if any) and the maximum selling price.

See details of regulations on price management of medical equipment in Decree 98/2021/ND-CP of Vietnam effective from January 1, 2022.

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