The Hanoitimes - UK-based research firm BMI forecasts that healthcare spending will grow to US$22.7 billion in 2021, recording a compound annual growth rate (CAGR) of approximately 12.5 percent from 2017 to 2021. Hanoi beats 2018 health insurance coverage target Vietnam’s health sector names nine outstanding events in 2018 Vietnam’s rising healthcare spending is inevitable trend The Vietnamese health-care market is forecast to heat up in the coming time when more big investors are showing interest in the sector while private hospitals are promoting high-quality services to enlarge the share. Vingroup has seven hospitals across the country After the investment of the country’s largest private company Vingroup in the health-care services sector with the establishment of Vinmec hospitals in seven cities and province across the country, the local market has recently continued to see FLC Group, a resort conglomerate, begin the construction of a … [Read more...] about Big players ignite new race in Vietnam’s health-care market
Private health care sector
Bright future ahead for private health care sector
Health care is increasingly becoming a national priority. Booming private hospital market The research service provider Fitch Solutions Macro Research stated in a recently-released commentary that Vietnam’s private health care sector is undergoing a period of rapid expansion. The long-term rise of household incomes will also provide a boon for private hospitals which generate a substantial amount of their revenues from out-of-pocket payments. The paper indicated that the number of private hospitals has more than quadrupled to 170 over the past decade whilst an additional 200 investment projects in hospitals have been approved. The Vietnamese government also wants to develop the private health care sector, with a view of having privately-owned hospitals account for 20% of the total number of nationwide hospitals by 2020. It noted that French and US companies remain the dominant foreign players running hospitals, while those from Thailand (Bumrungrad Hospital), … [Read more...] about Bright future ahead for private health care sector
Ministry of Health encourages development of private hospitals
Patients register for health check-ups at Hoàn Mỹ Sài Gòn Hospital in HCM City. — VNS Photo Thu HằngViet Nam News HCM CITY — Minister of Health Nguyễn Thị Kim Tiến has asked Hoàn Mỹ Sài Gòn Hospital in HCM City to adopt more advanced medical technologies and broaden application of IT. The hospital has yet to use electronic patient records and non-cash payment services, which can reduce waiting time and improve quality of heath care, Tiến said during a visit to the hospital on Tuesday. She praised the hospital for its efforts to obtain high scores from the set of 83 criteria for hospital quality issued by the Ministry of Health. “The hospital has a good reputation and high level of patient satisfaction, but that has resulted in a patient overload,” she said. “The hospital should strive to achieve Joint Commission International (JCI) accreditation for international quality … [Read more...] about Ministry of Health encourages development of private hospitals
Financial mechanism needed to ensure initial health care
Speaking at a meeting of the Health Partnership Group (HPG) held by the Ministry of Health and the World Health Organisation (WHO) in Hanoi on May 15, Tuan said initial health care has been a priority of the entire political system and the medical sector in particular. However, like other countries worldwide, Vietnam is facing a range of challenges in ensuring the quality and effective supply of initial healthcare services, the official said. The building and reform of initial health care, towards medical coverage for all people, must go in tandem with the mobilisation of resources from social insurance, State and local budgets, official development assistance (ODA) and private capital, Tuan noted. Phan Le Hang, Deputy Director of the Health Ministry’s Planning and Finance Department, said the aging population, burdens caused by non-communicable diseases, inequality in health care and poor public awareness of disease prevention are among barriers and challenges hindering the … [Read more...] about Financial mechanism needed to ensure initial health care
Health insurance fund should be well-managed: Deputy PM
Deputy Prime Minister Vũ Đức Đam at a dialogue held on Thursday in Hà Nội between leaders of the Ministry of Health (MoH), Việt Nam Social Security (VSS). — Photo VGP HÀ NỘI — Deputy Prime Minister Vũ Đức Đam called for boosting cooperation in social insurance fund management to ensure both benefits and savings are maximised. “Balancing the health insurance fund is very important in the context of increasing medical costs and lowering health insurance premiums,” he said. He spoke at a dialogue held on Thursday in Hà Nội between leaders of the Ministry of Health (MoH), Việt Nam Social Security (VSS) and the Vietnam Private Hospital Association (VPHA) on problems related to private medical facilities. Deputy PM Đam stressed that the policy of the Party and the State was to encourage the private health sector to develop and implement policies on protecting and … [Read more...] about Health insurance fund should be well-managed: Deputy PM