In December 2024, Vietnam’s health and social assistance sector recorded no new projects but registered US$346,000 in newly registered capital, according to data from Vietnam’s Ministry of Planning and Investment. This marks no change in the number of new projects compared to November, which also had no new projects but recorded US$55,000 in newly registered capital.
In 2024, the sector attracted a total of 2 new projects with US$95.37 million in newly registered capital.
Vietnam’s health and social assistance sector has been growing steadily, driven by economic development, population growth, and increasing demand for quality healthcare services. The sector encompasses hospitals, clinics, pharmaceutical manufacturing, health technology, and social welfare programs. The government has prioritised improving healthcare infrastructure, expanding universal health coverage, and addressing public health challenges. Private healthcare providers and foreign investors play a critical role in meeting the growing demand for advanced medical services, particularly in urban areas.
Foreign direct investment (FDI) in this sector has seen significant contributions from countries such as Japan, South Korea, and Singapore. Investments focus on building modern hospitals, introducing advanced medical technologies, and developing pharmaceutical manufacturing facilities. Social assistance initiatives, including elderly care and community health programs, are gaining attention as Vietnam’s population ages. The sector also embraces telemedicine and digital health solutions, reflecting global trends. With ongoing reforms and investment-friendly policies, Vietnam’s health and social assistance sector offers promising opportunities for growth and international collaboration.
See also: Healthcare Industry in Vietnam