Vietnam healthcare expenditure. 6 percent of its GDP according to Fitch Solutions.

Vietnam healthcare expenditure BMI forecasts that healthcare spending will grow to $22. 1 billion in 2017, which represented 7. . However, health spending per capita in Vietnam has been increasing significantly, rising from under Dec 1, 2022 · Healthcare spending in Vietnam rose from $16. [Online]. Lee H-Y, Oh J, Hoang VM, Moon JR, Subramanian SV. 29 % , in 2013 also still dominant health financing program , its share reached 40. 6%, says a November report prepared by Vietnam Report, a Vietnamese business ranking company. e. Healthcare spending is predicted to grow at a CAGR of 12. Total population in thousands (2020)1 Per capita current health expenditure in PPP, int (2019)2 Viet Nam ORA HEALT H COUNTRY PR OFIE 559 96 649 ORAL DISEASE BURDEN Prevalence of oral diseases (2019)3 Oct 26, 2021 · Healthcare is among the top spending priorities and fastest-growing sectors in Vietnam which accounted for 6. 3% 41. Currency The currency in Vietnam is the Vietnamese dong (VND). Read more Sep 29, 2020 · Vietnam’s healthcare expenditure was approximately $17 billion in 2018 (6. 9% of the state budget May 25, 2021 · People with disability in Vietnam are especially vulnerable to the impact of OOP expenditure. Jul 22, 2024 · Total health insurance expenditure in Vietnam from 2015 to 2022 (in trillion Vietnamese dong) [Graph], General Statistics Office of Vietnam, June 29, 2024. Throughout 2013-2017 the growth of Vietnam’s healthcare expenditure per capita reached 26. Vietnam’s healthcare system is at a crossroads. Foreign investment in Jan 30, 2022 · Domestic general government health expenditure per capita, PPP (current international $) - Vietnam from The World Bank: Data Apr 15, 2024 · Current health expenditure per capita (current US$) - Viet Nam from The World Bank: Data. Oct 25, 2019 · 8. 2bn) in 2017, with the government accounting for just over 56% of the total. 2 Export Import In 2020 export value made up 51,8% of the total trade volume of the country with more than $281 billion, whereas import value accounted for 49. Population health, nutrition, and population series health financing and delivery in vietnam looking forward samuel s. Using private health facilities incurred more out-of-pocket payments than public health facilities (P < . 000 Intl $ mn from Dec 2000 (Median) to 2015, with 16 observations. 96 percent of Vietnam's GDP. May 2016 . 4 Healthcare Spending and Price Trends, Vietnam 8. The OLS model estimation results identify the determinants of Vietnamese healthcare spending Variables Coefficient (Standard Deviation) Pvalue Dependent variable: Log healthcare spending Independent variable: Age (years) 0. In that year, current health expenditure accounted for 4. World Bank Publications; 2009. This study aims to examine Jul 16, 2024 · Demographic factors such as gender, ethnicity, age, education level, and region are the most important determinants of healthcare spending in Vietnam. Recent statistics from the World Health Organization (WHO) show that OOP expenditure constitutes around 45% of total health expenditure in Vietnam, which is considerably higher than neighboring countries in the region [8,9]. The study used a combination of descriptive The total health expenditure has increased over the years and is forecast to continue an upwards trend with 58. 43 Highlands 1,086. Health expenditure as a share of GDP was 5. 238 % (Median) from Dec 2000 to 2015, with 16 observations. 8 billion in 2030 Jul 17, 2023 · The public healthcare system in Vietnam is divided into central, provincial, district, and commune levels, with the current health services heavily reliant on hospital-based care models, as around 73% of total health spending occurs in hospitals. 35 Southeast 1,335. Estimates of current health expenditures include healthcare goods and services consumed during each year. 5 6. This study aims to examine the factors affecting household health expenditure in Jul 3, 2024 · In general, health expenditure in Vietnam is comparable to countries with similar income levels. 2% per year between 2009 and 2025 in Vietnam, reaching US$ 262 by 2025 (US$ 26 billion of the total market), equivalent to 5. 0 0. 5 percent of the GDP. According to the Global Health Expenditure database of the World Health Organization, the per capita health expenditure in 2020 is USD 180. Apr 15, 2024 · Out-of-pocket expenditure (% of current health expenditure) - Viet Nam from The World Bank: Data. cent (2016) of the population incurs catastrophic health expenditure measured as out-of-pocket spending exceeding 10% of household con-sumptionorincome. 72, which is equivalent to an Aug 1, 2023 · This study examines the effects of urbanization on household health expenditure. 30 Mekong Delta 1,390. Jul 3, 2024 · The statistic shows the healthcare spending per capita in Vietnam in 2017, with a forecast for 2027. 3 THE = total health expenditure, GDP = gross domestic product, GHE = government health expenditure, GGE = general government expenditure, OOP = out-of-pocket, DAH = development assistance for health, TAE = total AIDS expenditure, PLHIV = people living with HIV, GAE = government AIDS expenditure. Vietnam became a lower-middle income country (LMIC) in fiscal year (2007/08). 2% per year between 2009 and 2025 in Vietnam, reaching $262 by 2025. 2% and value more than $261 billion. This expansion in healthcare expenditures will be more apparent in higher-end care and in urban areas, which could expand rural healthcare access inequalities. 03 Northern Midlands and Mountains 771,68 North Central and Central Coast 1,145. 000 Intl $ mn for 2014. The firm also expects that healthcare spending will reach US$23 billion in 2022 at a compound annual growth rate (CAGR) of 10. Vietnam's health financing, namely a population coverage rate of about 60%, Equal health care spending per pool member across pools when set in relation to health Table 1. 6% of GDP) and will grow to $23 billion in 2022 – a compound annual growth rate (CAGR) of approximately 11 percent. We expect this to grow to VND1,044trn (USD41. 6% of total healthcare expenditure of the country [14, 15]. In particular, Vietnam’s public healthcare expenditure is predicted to increase at a CAGR 9. This study assesses socioeconomic inequalities in catastrophic health expenditure and impoverishment in relation to self-reported non-communicable diseases (NCD) in urban Hanoi, Vietnam. Particularly, health expenditure in Vietnam is valued up to $20 billion in 2021 and could rise to $23. 5 percent between 2017 and 2021. This is lower than both the regional average(4. Diseases 6 Health spending as a share of GDP in Vietnam 2010-2021 Health spending per capita in Vietnam 2010-2021 Ratio of private to total health expenditure in Vietnam 2010-2020 Household health expenditure is important in shaping human capital for developing countries, including Vietnam. 2% in the period of 2011-2016. SOS’ existing pool of consultants. This records an increase from the previous number of 0. May 21, 2021 · The finding revealed that health insurance reduces average out-of-pocket payments by about 21% (P < . HEALTH FINANCING PROFILE VIETNAM . Vietnam healthcare spending for 2021 was $173 , a 11. Viet Nam’s health expenditure Viet Nam’s total health expenditure accounts for about 6. 2 percent (2018) of its GDP in government education spending. 8bn) by 2027. 2 The implementation of SHI until now has obtained certain achievements in expanding the Oct 31, 2021 · Healthcare is among the top spending priorities and fastest-growing sectors in Vietnam which accounted for 6. 13 Vietnam’s total health expenditure is comparable to that of countries of similar income levels, both as a share of gross domestic product (GDP) and in per capita terms. Jun 14, 2023 · From regional and rural grassroots to a nationwide level, Vietnam has established a four-tiered hierarchical healthcare system, comprising national, provincial, district, and commune healthcare centers. Excise Tax Rates Applied to Tobacco and Alcoholic Beverages (2016– 2019) . Since 2006, the per capita amount spent on health Aug 3, 2020 · Whereas the growth of healthcare spending along with economic growth is a common sign of developing economies, Vietnam is currently facing healthcare expenditure challenge. In 2021, the country's health expenditure stood at $590 PPP per capita, placing it 110th in the world rankings. 59 (2021) WHO region: Western Pacific: World Bank income level: Lower-middle income (LMC) Population, Viet Nam. The study suggested that health insurance for the near-poor should be modified to promote universal health coverage in Vietnam. Particularly, health expenditure in Vietnam Jun 14, 2023 · The Vietnamese health financing system has been remarkably improved along with multiple reforms, i. 1. 8 49. 8% of the country’s GDP. Implications to digital health Vietnam’s GDP per capita and real GDP growth from 2017 to 2025f Vietnam’s GDP per capita and real GDP growth (2017 to Vietnam VN: Current Health Expenditure: % of GDP data is updated yearly, averaging 5. - Sep 14, 2018 · Healthcare Industry. While the factors contributing to catastrophic health expenditure (CHE) among households are well understood, few studies have examined this relationship in the context of environmentally vulnerable regions, such as tropical deltas. 5 percent of the country’s GDP. The WHO Secretariat is reporting on its investments According to Business Monitor International (BMI), Vietnam’s healthcare expenditure was estimated at $16. OOP as a proportion of current health expenditure in Vietnam was higher than that in Indonesia (35% in 2018), Malaysia (35%), and Thailand (11%) (WHO Sep 10, 2024 · Key Insights into Vietnam's Private Healthcare Sector: Healthcare expenditure has been rising annually alongside the private sector's growth, accounting for 40-50% of total healthcare spending Overall, the continuous increase in healthcare spending, combined with the necessary modernization of the Vietnamese healthcare system and ambitious national development plans should continue to drive strong growth in the healthcare market over the coming years. In particular, insufficient resources are allocated to healthcare infrastructure, equipment, and staff training. While cost-containment policies will help manage government spending - which could limit opportunities for innovative multinational drugmakers - these drugmakers will benefit from Jul 3, 2024 · The statistic shows the healthcare spending in Vietnam in 2017 and 2018, with a forecast for 2020. 0000372 (0,0000144) 0. 7 percent of current health expenditure in Vietnam. Vietnam spends 4. Trade surplus of Vietnam is $20 billion in 2020. Current Health Expenditure by Source in Vietnam (2015– 2019). 5 Table 3. Health Financing and Delivery in Vietnam: Looking Forward. This marks an annual growth rate of nearly 3%. In 2016, total health spending in Vietnam was 5. Jun 16, 2024 · This study examines the effects of urbanization on household health expenditure. 4 0. In 2017, health expenditure in Vietnam amounted to VND369trn (USD16. 010 Current health expenditure (% of GDP) 4. 88% increase from 2020. 9% 55. • Education Spending. 5% of GDP (2016), of which about a half is spent from public financing mechanism, including the government tax revenues and social health insurance. 5% growth from 2017 to 2023. Total health expenditure (THE) as a percentage of gross domestic product (GDP) has been consistent, at about 6%. Health insurance (HI) is being considered a tool to achieve this goal. capita healthcare expenditures. The consultant was selected based on their experience in leading comparable projects and their experience of working on public health issues in Vietnam. 3 Overview of Insurance Providers, Vietnam 8. 6 percent of the country’s GDP. During the early 1990s, economic and social reforms opened the door for private healthcare with the introduction of user charges and health insurance, liberalization of the pharmaceutical market, and legalization of private health activities. 10,11 Research also assessed the financial protection of health insurance regarding the level of healthcare providers 12 and the Apr 27, 2018 · Background Universal health coverage implies that people obtain the health services they need without experiencing financial hardship. 000 agesquared 0. This page in: Jun 5, 2024 · In 2020, domestic private health expenditure accounted for over 54 percent of total health expenditure in Vietnam. 9 percent of GDP, or VND 2. Vietnam has a mixed model of public-private provision of health care services with the public sector taking a dominant role in service provision, and the private sector largely consisting of for-profit entities. In 2020, 86. The intelligence solutions provider also forecasts that healthcare spending will grow to $23 billion in 2022, recording a compound annual growth rate (CAGR) of approximately 10. Apr 7, 2023 · Domestic general government health expenditure per capita, PPP (current international $) Current expenditures on health per capita in current US dollars. 1 billion, which accounted for 7. lieberman adam wagstaff public disclosure authorized Current health expenditure (% of GDP) - Vietnam from The World Bank: Data Jul 5, 2024 · Health spending as a share of GDP in Vietnam 2010-2021 Health spending per capita in Vietnam 2010-2021 Ratio of private to total health expenditure in Vietnam 2010-2020 Mar 4, 2022 · Figure 45: OOP expenditure (% of total expenditure on health), Vietnam, 2013–21 Figure 46: Change in price trend in the healthcare sector (medicines and medical Services) (in %), Vietnam, 2017–19 Figure 47: Organization of MOH, Vietnam, 2021 Jan 30, 2022 · Current health expenditure per capita (current US$) - Vietnam from The World Bank: Data Vietnam's health expenditure is projected to hit $706 PPP per capita by 2026, according to a recent study. Domestic private health expenditure as share of current health expenditure in Vietnam from 2010 to 2020. 000 Intl $ mn in 2015. To mitigate possible endogeneity concerns, we utilize a two-stage least squares regression (2SLS) approach, employing the development of information and communication (ICT) infrastructure at the Mar 12, 2021 · In 2019, Vietnam’s healthcare expenditure was approximately US$17 billion, equivalent to 6. 5 Pricing Policies, Vietnam 8. Oct 22, 2018 · Expansion of universal health coverage will continue to stimulate the development of Vietnam's medicine and healthcare market. This page in: English; Dec 21, 2023 · Ratio of private to total health expenditure in Vietnam 2010-2020. 6% of the country’s GDP, and it’s expected to increase to $23 billion in 2022, at a compound The goal to provide universal healthcare across Vietnam remains a priority. 3 billion in 2025 and US$33. 1 billion in 2017 to $20 billion in 2021 and could rise to $23. 5% of its total GDP for 2016, which is higher Apr 15, 2024 · Domestic general government health expenditure per capita, PPP (current international $) Mar 21, 2023 · More generally, Vietnam’s total health spending has the potential to reach US$23. 2 thousand doctors across all health establishments in Vietnam in 2019. Annually, the total budget for health falls below the expenditure required to meet the sector’s needs. Overview . 1 The first Health Insurance (HI) Law No. 3% 45. Trends in Health Expenditures in Vietnam (2013 –2019) . 1 percent. How will population ageing in Viet Nam affect health expenditure trends? Health expenditures in Viet Nam generally increase with age, before falling for the oldest age groups Using data on health expenditures for Viet Nam’s SHI scheme in 2017, we are able to assess the relationship between calendar age and per person health spending (Figure 2 health expert to edit the report. healthcare expenditure to less than 40% of total health-care spending [14]. 1 percent in 2023, which was slightly higher than the Asia-Pacific region average of five percent. VN: Current Health Expenditure Per Capita: Current PPP data is updated yearly, averaging 0. Over the last three decades, alongside increasing provision of universal health insurance coverag … According to FitchSolutions, Vietnam’s healthcare expenditure was approximately $17 billion in 2019, representing 6. 5%. See full list on trade. Data. The study used a combination of descriptive and multivariate regression analysis based on the Vietnam Household Living Standards Survey (VHLSS It is estimated that hospitals in Viet Nam accommodate more than 50% of total health care visits and consume more than 95% of total health insurance spending. Using a unique bi-annually household-level dataset from 2012–2016 from Vietnam, we obtain key findings as follows. Many people come to the hospitals as their first contact care. 7 billion in 2021, recording a compound annual growth rate (CAGR) of approximately 12. The market value in 2021 reached over 45 billion dong, an increase of over 10% compared Health expenditure per capita % GDP Health expenditure per capita and total healthcare expenditure as percentage of GDP 2009-2025f $24 $49 $59 $92 $144 37. 001). The study used a combination of descriptive and multivariate regression analysis based on the Vietnam Household Living Standards Survey (VHLSS Jul 5, 2024 · Health spending as a share of GDP in Vietnam 2010-2021 Health spending per capita in Vietnam 2010-2021 Ratio of private to total health expenditure in Vietnam 2010-2020 Mar 18, 2024 · Objectives The study assesses households’ catastrophic health expenditure (CHE) by income group, urban versus rural area, and influencing factors in the Northern midlands and mountainous areas . The country Lieberman SS, Wagstaff A. Vietnam Healthcare Expenditure Table 4. gov Vietnam’s total health expenditure is comparable to that of countries of similar income levels, both as a share of gross domestic product (GDP) and in per capita terms. There were 96. 14 Table 4. 2 Regulatory Landscape, Vietnam Sep 13, 2022 · Beogo’s study in Africa showed that the cost of drugs when visiting a private health facility was 50% higher, consultation fees were 100% higher and the total medical expenditure was about 1. In 2019 alone, Vietnam’s healthcare expenditure reached approximately $17 billion, equivalent to 6. Segment growth Sep 29, 2020 · Vietnam’s healthcare expenditure was approximately $17 billion in 2018 (6. Oct 13, 2016 · Background The catastrophic health expenditure and impoverishment indices offer guidance for developing appropriate health policies and intervention programs to decrease financial inequity. 4 Table 2. This study aims to examine the factors affecting household health expenditure in Vietnam. Methods A cross It is essential to recognize that healthcare expenditure among residents has increased significantly in Vietnam over the past few years alongside the process of urbanization. 25/2008/QH12, approved by the National Assembly was promulgated in 2008 and then amended in 2014. Using a unique bi-annually household-level dataset from 2012 – 2018 from Vietnam, we obtain key findings as follows. According to VIRAC’s Q4/2022 Healthcare report, the value of the healthcare market has continuously increased from 2011 to 2021e with a CAGR of 14. 5% from 2017 to 2021. 8 billion in 2030. 3% 49. Background: The Government of Vietnam has set the goal of achieving universal health coverage (UHC) by 2025. OOP as a proportion of current health expenditure in Vietnam was higher than that in Indonesia (35% in 2018), Malaysia (35%), and Thailand (11%) (WHO, 2021). 7 times higher than in public health facilities. 2019 2020 Vietnam export growth rate 8. 88 million Vietnamese people participated in health insurance, indicating a significant rise from 2019. Creation of a central healthcare management information system. Vietnam VN: Current Health Expenditure: % of GDP data remains active status in CEIC and is reported by World Bank. Spending on healthcare per capita is expected to triple from US$161 in 2018 to US$408 in 2028, but still relatively low compared to other Southeast Asia countries [1] . Dec 1, 2021 · While the share of public health spending in current health expenditure in Vietnam decreased from 58% in 2008 to 47% in 2018, the share of OOP increased from 37% to 45% between 2008 and 2018. Aug 26, 2020 · The World Health Organization is guiding LMIC to develop a health financing system to achieve and maintain UHC, where the national HI system has been promoted as a vital health financing strategy to expand pooled funds for equitable financing of health care . 6 percent of total GDP in 2019. 31 Similarly, Thuan’s study in Vietnam shows that the average cost of healthcare in private health Jan 1, 2010 · Judging from its designation, The most dominant spending, in 2012 , is health financing programs spent of 36. According to Business Monitor International (BMI), healthcare expenditure in Vietnam in 2017 reached US$ 16. The estimates are based on a compound annual growth rate (CAGR) of 7. The forecast suggests a continued rise, expected to be 2. 478 % in 2012 and a record low of 4. Vietnam has achieved remarkable results in health care, reflected in some basic health Current health expenditure per capita, PPP (current international $) - Viet Nam from The World Bank: Data Sep 29, 2020 · Vietnam’s healthcare expenditure was approximately $17 billion in 2018 (6. Healthcare Spending by Region in Vietnam (Unit: Thousand Vietnamese Dongs) Region Average healthcare spending Hanoi — Ho Chi Minh City 1,735. 8 1 Apr 14, 2021 · Social Health Insurance (SHI) scheme was first introduced in Vietnam in 1992, marked by the implementation of a compulsory scheme for civil servants and pensioners. 5%). 8 million (US$129) per capita. [Google Scholar] 20. 7%)andthe averagefor its incomegroup (4. Uzbekistan was higher, with $590 PPP per capita. 78%, from USD 112 in 2013 to USD 142 in 2017, outpacing GDP per capita. 09 % May 21, 2021 · Yet these studies showed that the health status or expenses on diagnostics were as a contribute factor in high OOP spending and frequent result from out-patient care. , funding for health care for the poor and children under 6 yr; however, public expenditure is Jun 14, 2023 · The Vietnam healthcare system is chronically underfunded, at least in the majority public sector. Household health expenditure is important in shaping human capital for developing countries, including Vietnam. Sep 3, 2021 · Research into health insurance in Vietnam has assessed the catastrophic health expenditure or OOP payment, 7,8 the impact of insurance to reduce financial burden, 9 and household vulnerability to healthcare cost. • Vietnam's healthcare spending has shown a rapid increase, with a 2. 7% from 2019 to 2024. Currently, 60% of the population in Vietnam is covered by social health insurance and households bear 47. 6 Quality of health service is one of the reasons patients bypass the primary health facilities to visit central or provincial hospitals, as high Jul 16, 2024 · Household health expenditure is important in shaping human capital for developing countries, including Vietnam. These were selected from Intl. The study used a combination of descriptive and multivariate regression analysis based on the Vietnam Household Living Standards Survey (VHLSS Healthcare Spending by Region in Vietnam (Unit: Thousand Vietnamese Dongs) Region Average healthcare spending Hanoi — Ho Chi Minh City 1,735. 03 Northern Midlands and Mountains 771,68 Mar 14, 2023 · Service-based expenditure structure, 2021 . Jul 28, 2020 · This study makes an important contribution by examining the relationship between child health and household socioeconomic status in Vietnam, using household expenditure as an alternative measure. The currency name, the ISO According to AmCham Vietnam, healthcare expenditures per capita are predicted to rise 9. The data reached an all-time high of 6. 003759 (0,0011507) 0. 5% mainly due to increasing insurance coverage for citizens. 5% in the period of 2016–2021 compared with 17. VIETNAM'S HEALTHCARE OVERVIEW There are 1,400 hospitals in total nationwide, where private hospitals account for 17%. 3 billion in 2025 and $33. 1 Along with subsequent economic growth, national health expenditure rose from 2. 113 % in 2002. 2019;19:318. Feb 10, 2024 · Titled “Healthcare in Vietnam,” the report by Flanders Investment and Trade estimates per capita healthcare spending to rise 9. Use of high-level health facilities and catastrophic expenditure in Vietnam: can health insurance moderate this relationship? BMC Health Serv Res. 0% 2009 2013 2017 2021f 2025f OOP % total healthcare expenditure Out-of-pocket payment in numbers and as percentage of total healthcare expenditure 2009-2025f Jul 5, 2024 · In 2021, government health expenditure accounted for 1. VIETNAM AT A GLANCE Vietnam trade volume 51. Private healthcare expenditure is expected to grow at a CAGR of 7. However, out-of-pocket spending and catastrophic health expenditure (CHE) remain high. 3% between 2023 and 2032. The study used a combination of descriptive and multivariate regression analysis based on the Vietnam Household Living Standards Survey (VHLSS Jun 10, 2024 · Vietnam’s health expenditure is forecast to grow by a 2023-28 compound annual growth rate of 11. Sep 14, 2021 · Vietnam, in particular, is leading Southeast Asia with the highest healthcare expenditure to GDP at 6%, a percentage point higher than Singapore. In 2021, domestic general government health expenditure accounted for 42. Both total and public spending on health have VN: Current Health Expenditure Per Capita: Current PPP data was reported at 0. 7 percent. In this context, the objective of this study is to exam-ine the disparities in the prevalence of OOP Household health expenditure is important in shaping human capital for developing countries, including Vietnam. 6 percent of its GDP according to Fitch Solutions. 6 0. 2 0. 59 percent of the GDP in the country. Free and open access to global development data. 14-16 This study aimed to describe the OOP payments concerning outpatient healthcare services of the near-poor and to identify the impact of public health insurance on the private Household health expenditure is important in shaping human capital for developing countries, including Vietnam. 1% contributed by public healthcare expenditure by2021 - Vietnam’s total healthcare expenditure accounted for 7. 08 Red River Delta 1,595. Recent mergers and acquisitions (M&A) deals in the Vietnamese healthcare market. Coupled with plans to expand local pharmaceutical production, both pharmaceutical and healthcare spending will continue to increase. M&A activities in healthcare thus far Pharmaceuticals For a safer, healthier and fairer world, WHO presents 2020-2021 progress towards the triple billion targets, outcomes and outputs by analysing the achievements and challenges to achieving them, including reports from the ground to exemplify the Organization’s work in driving health impacts at the country level, where it matters most. qgzg dgvvy igcdvp qcvog gpd nopg hfibb stld gcymg bzbnvw