Medical services and medicine costs in Vietnam increased by 9.47 percent in January, contributing 0.51 percentage points to Vietnam’s Consumer Price Index. The most significant increase came from medical services, which rose by 12.57 percent.
Other categories saw smaller increases, with prices of vitamins and minerals rising by 0.34 percent, digestive drugs by 0.16 percent, and respiratory medications by 0.12 percent.
The cost of medical services in Vietnam varies depending on the type of facility. Public healthcare services are generally more affordable, with the government heavily subsidising medical treatment. However, public healthcare facilities often have long wait times, and the quality of service may vary. Private healthcare services are typically more expensive, offering faster service and higher quality care, often with a wider range of specialised treatments. Private hospitals and clinics in major cities like Hanoi and Ho Chi Minh City are particularly popular among those who can afford more expensive healthcare options.
The cost of medicines in Vietnam also varies widely, depending on whether they are locally produced or imported. Locally produced medicines are generally more affordable, but the availability of certain drugs may be limited. Imported medicines, particularly those from Western countries, can be significantly more expensive.
In an effort to reduce costs and improve access, Vietnam has made strides in encouraging the use of generic drugs, which are often more affordable than branded medications. The government also monitors and adjusts the prices of essential medicines through a system of price caps and regulations aimed at preventing price gouging, especially in public health facilities.
Overall, while Vietnam has made progress in managing medical services and medicine costs, challenges remain in ensuring that all citizens, especially those in rural areas or with lower incomes, have access to affordable healthcare. The government continues to refine its policies and regulations to balance affordability with quality care, aiming to meet the health needs of a growing and aging population.
See also: Healthcare Industry in Vietnam