2014-04-24 11:09:01 - Vietnam Pharmaceuticals and Healthcare Report Q3 2013 - a new market research report on companiesandmarkets.com
Vietnam´s pharmaceutical and healthcare sectors are set to see strong growth, albeit from a low base, given our bullish outlook on the economy and expectations for the population´s affluence to rise. In addition, the government is committed to implementing universal healthcare coverage. The plan, while ambitious, will provide growth opportunities for pharmaceutical firms. As the scheme is implemented, patients will have increased access to medical services. Nevertheless, we highlight that a key downside risk to our view is the existence of rampant corruption.
Headline Expenditure Projections
- Pharmaceuticals: VND59,214bn (US$2.84bn) in 2012 to VND69,151bn (US$3.31bn) in 2013; +16.8% in local currency terms and +16.6% in US dollar terms. Forecast broadly in line with Q213.
- Healthcare: VND199,197bn (US$9.55bn) in 2012 to VND227,558bn (US$10.89bn)
in 2013; +14.2% in local currency terms and +14.0% in US dollar terms. Forecast upgraded due to receipt of new data from the World Health Organization.
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