Watch: Vietnam’s Pharmaceutical Market Is Showing Major Improvements

The deregulation of the healthcare sector along with increase in average income of the middle class population will lead the growth of the Vietnamese healthcare market in the upcoming years. a market in Vietnam that has been supported by the ever increasing and aging population of the country. The Vietnamese government has a target of covering more than 84% of the population with health insurance by 2020. Addressing this issue of overcrowding of public healthcare establishments the government decided to deregulate the healthcare system in 2014, which opened the doors for private national and international investment into the healthcare system. The diagnostic laboratories market is also likely to grow in the future owing to the increase in demand as well as increase in private investment into the sector.