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Vietnam Pharmaceuticals and Healthcare Report Q1 2014

Vietnam Pharmaceuticals and Healthcare Market: New market analysis published


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2014-02-07 21:20:07 - Vietnam Pharmaceuticals and Healthcare Report Q1 2014 - a new market research report on companiesandmarkets.com

The upgrade to our private healthcare forecast stems largely from the Vietnamese government´s plan to pass hospital operating costs to patients. We highlight that this is potentially regressive should hospitals attempt to profit from such policies. Nevertheless, we remain largely optimistic towards Vietnam´s healthcare sector, as it is seeking to implement universal healthcare for its population, which will improve access to services.

Headline Expenditure Projections:

- Pharmaceuticals: VND59,214bn (US$2.84bn) in 2012 to VND69,297bn (US$3.32bn) in 2013; +17.0% in local currency terms and +16.9% in US dollar terms. Forecast unchanged from Q413, long-term forecast slightly upgraded to reflect general bullish sentiments in Vietnam´s economy.

- Healthcare: VND201,466bn (US$9.65bn) in 2012 to VND230,985bn (US$11.1bn) in 2013; +14.7% in local currency terms and +14.5% in US

 

 

dollar terms. Forecast broadly in line with Q313.

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