Report Published: "Vietnam Pharmaceuticals & Healthcare Report Q2 2016"

Vietnam's disease profile will be increasingly attractive for prescription drugmakers as chronic conditions become more prevalent. To adequately meet this large unmet medical need, pharmaceutical firms will have to adapt their product portfolios to account for the low purchasing power of the populace. Equally critical will be the need to coordinate with local healthcare institutions to improve Vietnam's diagnosis rates, which remain impeded by its underdeveloped medical system.

Headline Expenditure Projections

Pharmaceuticals: VND92.471trn (USD4.22bn) in 2015 to VND105.482trn (USD4.61bn) in 2016; +14.1% in local currency terms and +9.2% in US dollar terms. Forecast largely unchanged from last quarter.
Healthcare: VND260.29trn (USD11.9bn) in 2015 to VND286.45bn (USD12.5bn) in 2016; +10.1% in local currency terms and +5.4% in US dollar terms. Forecast largely unchanged from last quarter.

Risk Reward Index

Vietnam's Pharmaceutical Risk Reward Index score for Q216 is 48.3 out of the maximum 100. The country scored above average for overall market expenditure and sector value growth. Consequently, with this moderate score, Vietnam is ranked 13th (down one position compared to the previous quarter) out of the 19 key Asia Pacific markets, level with Thailand and Philippines.

Full Report Details at
- http://www.fastmr.com/prod/1152915_vietnam_pharmaceuticals.aspx?afid=301

Key Trends And Developments

In November, the health department of Vietnam's southern Dong Nai Province has imposed a fine of over VND1.5bn (USD67,000) on 110 private clinics and pharmaceutical companies for alleged violation of medical regulations, according to the Vietnam News Agency. Most of the concerned clinics were operating without licenses and employed unqualified doctors, who arbitrarily asked patients to undergo pre-clinical tests to increase treatment costs.

In November, people in some localities in Vietnam are still finding it difficult to buy health insurance, even though the health ministry has devised a policy to expand coverage to the entire population, reports Tuoi Tre News. About 25mn people, mostly freelance or unskilled labourers, in the country are uninsured because of complicated administrative procedures.

Many people living in the central Binh Dinh province's My Chau commune in Vietnam are yet to receive free health insurance coverage despite eligibility, according to deputy chairperson of My Chau People's Committee, Le Trung Kien. Vice director of the Binh Dinh Province's Department of Labour, Invalids and Social Affairs, Phan Dinh Hoa has blamed the commune's People's Committee for the slow uptake.

BMI Economic View

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)