health and fitness
The Health & Fitness category covers industry trends, wellness innovations, and consumer behavior in the fitness and health sector. It explores gym equipment, fitness programs, nutrition trends, and digital health solutions, providing insights into market growth, investment opportunities, and regulatory changes.
Herbalife Vietnam fined for multi-level marketing regulations violations
Herbalife Vietnam, a multi-level marketing firm in the supplements space, has been fined VND 205 million or US$8,063 for range of violations including: a lack of proper training of new signees, a lack of qualified trainers, and a failure to properly report on its activities…
Vietnam sees minimal activity in health and social assistance FDI in November
Year-to-date (YTD), the sector has attracted a total of 2 new projects with US$95 million in newly registered capital, showing a significant decrease in November despite strong growth for the year.
Vietnam’s diagnostic labs market to reach US$2.17 billion by 2032: Report
The diagnostic labs sector plays a vital role in Vietnam’s healthcare system, offering critical services for medical testing and diagnostics. The rising incidence of chronic illnesses such as diabetes, cardiovascular diseases, and cancer has significantly boosted the demand for diagnostic services, the report says.
Vietnam medicines, medical services prices report sharp November decline
The Consumer Price Index (CPI) for medicines and medical services in Vietnam experienced a significant decrease of 3 percent in November compared to October, reaching 5.28 percent, according to Vietnam’s General Statistics Office.
Vietnam postbiotic food supplement market to reach US$8.4 million by 2031
Several factors are contributing to this expansion. Increased consumer awareness about gut health and overall wellness is driving demand for dietary supplements, particularly those focused on digestive health. The growing trend of preventive healthcare, with an emphasis on products that support immune function and digestion, is also boosting market prospects.
Vietnam Report releases list of top pharma companies, pharma distributors
Market research firm Vietnam Report has compiled a list of the top ten pharmaceutical companies in Vietnam and the top ten pharmaceutical distributors. The results were determined by looking at the firms’ financial performance and analysing media coverage as well as through a survey conducted between October and November of this year…
Vietnam’s pharmaceutical sector shows steady growth with strong year-to-date increase
Year-over-year, the sector grew by 5.9 percent compared to October 2023, while the cumulative increase from January to October was 9.8 percent over the same period last year. These figures highlight the sector’s sustained expansion, which aligns with Vietnam’s focus on its healthcare infrastructure and localising pharmaceutical production to reduce reliance on imports…
Vietnam’s pharmaceuticals market set for robust growth amid rising healthcare demand: report
Investment in healthcare infrastructure is also playing a critical role in expanding access to essential medicines, especially in urban and increasingly in rural areas. As both government and private sectors focus on enhancing Vietnam’s healthcare facilities, the pharmaceutical market is expected to continue its upward trajectory, addressing the diverse healthcare needs of a rapidly evolving population.
Vietnam’s in vitro fertilisation market to see strong growth as awareness, demand increase: Report
The report notes that rising awareness and acceptance of IVF procedures among the population are central to this growth. As more couples become informed about the possibilities of assisted reproductive technologies, the demand for IVF services is increasing…
Vietnam’s diagnostic imaging market to expand 5.2 percent through 2029
The report suggests a key factor contributing to this robust expansion is the growing incidence of chronic diseases and age-related health conditions in the country, which are creating a surge in demand for advanced diagnostic imaging services essential for enabling early detection, precise diagnosis, and effective treatment of various ailments…
Vietnam’s dental services market set for strong growth amid rising demand for oral healthcare: report
The report says that rising disposable income across Vietnam is enabling more individuals to seek advanced dental services, including cosmetic dentistry, orthodontics, and preventive care. This shift marks a notable change, as more Vietnamese consumers prioritise oral health as part of their overall well-being…
Calls for crackdown on bogus health claims in advertising in Vietnam grow louder
Vietnam’s Ministry of Health, in a report to the National Assembly has said the regulations on its end for regulating supplements and non-traditional medicines (often referred to as ‘functional foods’ in Vietnam) are sufficient in Vietnam and has instead called for greater penalties for advertising unproven health claims and counterfeit goods…
Delayed Vietnam hospital construction draws ire of Vietnam General Secretary
Construction work on the new branches of Bach Mai Hospital and Viet Duc Hospital kicked-off in 2014 with the examination areas at both hospitals inaugurated in 2018. Since then, however, only one facility was used for a year and the other has not accepted patients at all…
Vietnam pharmaceutical materials imports fall 20.41 percent in September over August
Despite a 16.91 percent decline in imports from China (dropping from US$28,664,787 to US$23,817,031), China continues to be Vietnam’s top supplier of pharmaceutical materials, with a year-to-date total of US$245,220,442…
Healthcare costs in Vietnam up 8.28 percent year-on-year in September
For the period from January to September 2024, the cost of medicines and medical services surged by 7.46 percent compared to the same period in 2023, underscoring growing pressure on consumers as they face escalating prices in healthcare, but also heightened demand for healthcare services…
Vietnam pharmaceutical product imports up 6.95 percent in September over August
Belgium, with an 8.50 percent increase, and Switzerland, with a 32.64 percent increase, both showed steady growth, contributing US$23,789,578 and US$11,205,095 in September, respectively. Alternatively, Japan saw a significant spike in imports, with an 186.40 percent increase, though from a relatively low base. Japan’s total for the year so far now stands at US$52,869,822.
Trump Organisation signs MOU on golf course, hotel development in Vietnam
The Trump Organisation and Vietnam’s Hung Yen Investment Group which is owned by Vietnam developer Kinhbac, have signed a memorandum of understanding with respect to developing a golf course and hotel complex in Vietnam’s Hung Yen province. Kinh Bac, in a press release, has said the total investment will be in the vicinity of US$1.5 billion. Of note, it’s not clear that any of these funds will come from the Trump Organisation. The press release specifically states that it will be developed by a ‘consortium of investors selected by the Trump Organization’.
German fitness chain Fit24 halts operations in Vietnam, reasons unclear
Of note, Opening a gym in Vietnam for foreign firms or individuals, however, is not always easy. Not only are there several technical and licensing requirements that need to be met, but Vietnam has also developed its own very distinct gym culture. This can take a little getting used to and may make penetrating Vietnam’s gym-going consumer class challenging…
Vietnam skin care market to reach US$2.35 billion by 2032: Report
This is inline with a self-care market on the rise. The health and supplements market in Vietnam, for example, has experienced significant growth in recent years, driven by increasing health awareness, rising disposable incomes, and a rapidly growing middle class.
How African Swine Fever is Reshaping Vietnam’s Pork Market
Vietnam has a bad case of African Swine Fever that it just can’t seem to shake. This is fundamentally reshaping Vietnam’s pork market, which has seen a huge increase in pork imports in recent years. This article looks at how this all started, what’s happening now, and what might happen next.
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This is an interview with Chris Walker, a Vietnam Sourcing Expert with Vietnam Factory Tours how rising oil prices and the Middle East crisis are
This is an interview with John Gardner, CEO and Founding Partner, at Optimum Hospitality in Ho Chi Minh City. It covers fuel price impacts on:
This is an interview with Dr Nuno F. Ribeiro, Associate Professor, International Tourism & Hospitality Management at Copenhagen Business College, formerly of RMIT Vietnam. It