USTDA Supports Vietnam’s Business Climate for Medical Devices

Arlington, VA – The U.S. Trade and Development Agency (USTDA) is supporting Vietnam’s efforts to develop regulations that will streamline its ability to procure top-tier medical devices from U.S. companies and strengthen the quality of healthcare in Vietnam.

From March 11-22, USTDA will host Vietnamese health officials in the United States to exchange information and solicit input from U.S. companies and government officials as the country develops its first-ever “Law on Medical Devices.” This law will develop a comprehensive regulatory framework for medical device registration and approval.

Nearly all medical device technologies in Vietnam are imported. As a result, the ability to meet hospitals’ needs for the latest healthcare innovations depends on quick and efficient device registration and licensing processes. Recognizing the importance of a streamlined system, Vietnam’s Ministry of Health is now drafting the country’s first comprehensive law governing all aspects of medical devices – from procurement to licensing and distribution – with the aim of aligning Vietnam’s healthcare policies and regulations with international best practices and standards.

USTDA’s delegation will travel to Boston, Minneapolis, and Washington, D.C., where they will join the U.S. Food and Drug Administration’s International Medical Device Regulators Forum to meet counterparts from around the world who are working together to advance global regulatory harmonization and convergence in the medical devices field.

On March 13, USTDA will host a public business briefing in Washington, D.C., for U.S. companies to share insights with the delegation on how the U.S. healthcare industry and government work together, and the impact that medical device regulation has on driving innovation and investment. Participants will be able to meet one-on-one with delegates to discuss and share how the U.S. healthcare system and equipment generate value for health institutions and patients. For more information and registration, please visit https://www.ustda.gov/events/.

This USTDA reverse trade mission supports the U.S. government’s Partnership for Global Infrastructure and Investment to deliver game-changing projects to close the infrastructure gap in developing countries, and the U.S.-Vietnam Comprehensive Strategic Partnership’s effort to advance health cooperation.

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The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority infrastructure projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project preparation and partnership building activities that develop sustainable infrastructure and foster economic growth in partner countries.

MEDIA INQUIRIES: Paul Marin | press@ustda.gov