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Antibiotics prices in Vietnam rise
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13:17, August 31, 2007

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Prices of some antibiotics in Vietnam have recently risen 5 percent due to higher costs of imported materials, local newspaper Labor reported Friday.

Prices of some pharmaceutical materials such as cefaclor have risen 12 percent, amoxicilin, up 4.7 percent, and cephalexin, up 2 percent, the paper quoted a report of the Vietnamese Ministry of Industry and Trade.

Prices of pharmaceutical products, including antibiotics, in the domestic market are predicted to continue to rise in September, said the ministry.

Vietnam, with pharmaceutical consumption value of approximately 1 billion U.S. dollars in 2006, has seen annual per-capita drug consumption value growth of 17 percent, and domestic pharmaceutical production increase of 20 percent in recent years, according to the Vietnamese Health Ministry.

The country, which spent 547 million dollars importing medicines, mainly from China, India, South Korea, the United States and France last year, imported the products valued at 439 million dollars in the first eight months of this year, a year-on- year rise of 25.6 percent, according to the country's General Statistics Office.

Source: Xinhua

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