Vietnam imported medicines worth 2 billion USD last year, reflecting a year-on-year increase of 8.3 percent, website reports.

According to the Vietnam Industry and Trade Information Centre, Vietnam imported medicines from 30 markets last year. Of these, medicines from India had the biggest market share at 13.1 percent, equivalent to 267 million USD, and growing by 7.75 percent from 2013.

France was ranked second, accounting for 11.7 percent with its import turnover of 239.4 million USD.

Germany was ranked third, with its share of 189.1 million USD and its share expanded by 28.27 percent.

The import markets reported a 70 percent positive growth rate, with 20 percent of the markets reflecting an import turnover of over 100 million USD.

Meanwhile, the prices of 656 products were increased, the Finance Ministry's Price Management Department stated.

Of these, 84 imported medicines and 572 domestic products saw their prices being re-registered.

Data from the Drug Administration of Vietnam on the Cost, Insurance and Freight price, showed that even though medicine prices of main providers, including India, Korea, France and German varied, the number of products for which prices were modified was not large.

Stable medicine prices were attributed an ample supply source, tight management of agencies and competitive pressure in the medicine market.

The prices of imported and domestic medicine products are forecast to remain stable during the first quarter of 2015.-VNA