Vietnam's rising burden of cancer, a result of the increasingly urbanised and ageing population, will provide commercial opportunities to pharmaceutical firms. However, we highlight there are a number of challenges to firms' growth prospects, such as the low level of absolute healthcare expenditure, infrastructure deficiencies and insufficient human resources for healthcare.
Vietnam's reliance on imported drugs (both generic and patented) will continue to provide ample commercial opportunities for foreign drugmakers. However, the population's concerns over drug quality means that only companies with relatively positive branding are likely to succeed in the Vietnamese pharmaceutical market. In addition, downside risks for foreign generic drug manufacturers include...
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...
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