The healthcare industry in Vietnam has seen significant growth and development in recent years, driven by the government's investment in healthcare infrastructure and the rising demand for healthcare services. In this article, we will examine the key statistics from 2022, the factors contributing to the industry's growth and success, industry growth and comparison to previous years, key trends, challenges, and future outlook.
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ABBOTT
119,435
+65 6277 3209
Abbott is a global healthcare leader that helps people live more fully at all stages of life. Our portfolio of life-changing technologies spans the spectrum of healthcare, with leading businesses and products in diagnostics, medical devices, nutritional and branded generic medicines. Our 115,000 colleagues serve people in more than 160 countries. Connect with us at www.abbott.com, on Facebook at www.facebook.com/Abbott and www.facebook.com/AbbottCareers, on Instagram @AbbottGlobal, and on Twitter @AbbottNews.We invite you to explore opportunities at Abbott, to see if your talents and career aspirations may fit with our openings. An equal opportunity employer, Abbott welcomes and encourages diversity in our workforce.
ASIA GENOMICS
23
+65 6336 2050
Asia Genomics is a leading molecular diagnostics company driven to transform healthcare through the power of molecular biology technologies, including genomics in Asia. Formed by a team with diverse expertise, Asia Genomics focuses on implementing world-class genomic technologies with global accredited diagnostic laboratories to connect healthcare professionals with forefront, reliable and affordable genetic tests previously unavailable in Asia. Asia Genomic advocates and educates physicians and patients through an outlined journey of genomics testing, integrates revolutionary scientific approach with medical and technology partners to help transform the future of healthcare in Asia.
BUMRUNGRAD INTERNATIONAL HOSPITAL
1,417
+66 2 066 8888
Bumrungrad International Hospital stands as arguably the most impressive medical facility in the region. It has 55 specialty centers, an internationally certified lab and pharmacy, clinical research centers, advanced imaging facilities, and a 24-hour emergency care unit. Bumrungrad is home to more than 1300 physicians and surgeons, 300 of whom hold US-board certifications and international fellowships. As part of its ongoing commitment to exceptional care, Bumrungrad receives ongoing independent reviews and distinctions, including its consistent accreditation by the Joint Commission International (JCI) since 2002, the first in Asia. In its state-of-the-art campus in the heart of Bangkok, Bumrungrad Hospital treats over 1.1 million patients every year, with over 520,000 of these patients coming from more than 190 countries worldwide. The hospital specializes in treating complicated conditions, and is internationally recognized as one of the top hospitals in the world.Along with its impressive tertiary and specialty facilities, Bumrungrad International’s Medical Coordination Office is a well-oiled machine that facilitates seamless transitions from the first inquiry all the way through after-care. This exclusive and comprehensive support is offered free of charge to patients, and it includes everything from language and cultural support to travel and accommodation services.
COLUMBIA ASIA MALAYSIA
517
+62 24 7629999
Columbia Asia is an international private healthcare company incorporated in Malaysia in 1996. It started its first hospital in Sarawak, East Malaysia in 1997. Now, Columbia Asia offers 19 medical facilities (hospitals/clinics/extended care facilities) across Asia, with 13 in Malaysia.Leading the way in private healthcare trends, Columbia Asia offers optimum and affordable medical services through its hospitals and clinics. With modern amenities and highly trained doctors and nurses, these hospitals are located in residential areas, making quality private healthcare more accessible and efficient for patients. New medical technologies decrease the level of invasive treatments, reducing the length of hospital stays. Moreover, rate structures are transparent and comparatively lower than the standard model for private healthcare. Each Columbia Asia medical facility also houses no more than 100 beds per hospital. The hospitals may be smaller in comparison to other private hospitals but the concept behind its simplicity leads the way towards healthcare trends in the future – efficient, accessible and cost-effective. As such, its objective is to provide communities with effective healthcare at excellent value, and to be the preferred choice for families and businesses.VisionWe have a passion for making people better.MissionTo deliver the best clinical outcomes in the most effective, efficient and caring environment.ValuesCustomer FirstAnticipating customer needs and exceeding their expectations.ExcellenceDelivering the highest standard of patient care.TeamworkWorking together with mutual respect towards a common goal.IntegrityHonesty and a commitment to always doing the right thing.CaringNurturing a culture of caring for our patients, their families, and each others.CommunitySharing and being involved in the life of the communities we serve.
YOORALLA
649
+61 3 9916 5899
Designed by you, supported by us, and achieved together to support people with disability to live the life they choose.
HOAN MY MEDICAL CORPORATION
463
+84 28 3820 6001
Established in 1997, Hoan My was the first private healthcare facility in Vietnam. Since then, Hoan My has developed to become Vietnam’s leading and largest private healthcare network (“Hoan My” or “Hoan My Group”) with 2,800 operating beds across fourteen hospitals and seven clinics. Over its 20-years history, Hoan My has built a strong and well-recognised brand with a consistent reputation for delivering affordable, quality healthcare. We are committed to improving the quality of healthcare in Vietnam. We strive to increase national healthcare standards to contribute to the prosperity and wellbeing of the nation. Our network employs over 5,500 staff and hosts 3.8 million outpatient visits every year.
FULLERTON HEALTH
645
+65 6333 3636
Fullerton Health is a leading vertically integrated healthcare platform in Asia Pacific. Founded in Singapore in 2010, today they own over 500 medical centres and have a large global network of medical providers across 9 markets in Asia Pacific. Fullerton Health’s value proposition is the integration of healthcare service offerings with customized management and advisory capabilities, in line with its purpose to deliver Affordable and Accessible Care for All in Asia Pacific.For more information on Fullerton Health, please visit http://www.fullertonhealth.com/.
SINGAPORE MEDICAL GROUP
486
+65 6356 8909
Incorporated in 2005, Singapore Medical Group (SMG) is a private specialist healthcare provider with a network of 30 specialties. The Group is committed to its promise of providing patient centred medical care and experience to every individual.The Group currently has a total of 30 clinics covering 24 specialties that are strategically located in Paragon, Mount Elizabeth Novena Specialist Centre, Mount Elizabeth Medical Centre, Raffles Place, Connexion and Gleneagles Medical Centre with a growing network of SMG Associates clinics across the island.SMG operates a Medical patient assistance centre hotline service that serves Singapore and international patients.
IQVIA
72,302
+65 6962 9100
IQVIA (NYSE:IQV) is a leading global provider of advanced analytics, technology solutions, and clinical research services to the life sciences industry. IQVIA creates intelligent connections across all aspects of healthcare through its analytics, transformative technology, big data resources and extensive domain expertise. IQVIA Connected Intelligence™ delivers powerful insights with speed and agility — enabling customers to accelerate the clinical development and commercialization of innovative medical treatments that improve healthcare outcomes for patients. With approximately 86,000 employees, IQVIA conducts operations in more than 100 countries.IQVIA is a global leader in protecting individual patient privacy. The company uses a wide variety of privacy-enhancing technologies and safeguards to protect individual privacy while generating and analyzing information on a scale that helps healthcare stakeholders identify disease patterns and correlate with the precise treatment path and therapy needed for better outcomes. IQVIA’s insights and execution capabilities help biotech, medical device and pharmaceutical companies, medical researchers, government agencies, payers and other healthcare stakeholders tap into a deeper understanding of diseases, human behaviors and scientific advances, in an effort to advance their path toward cures. To learn more, visit www.iqvia.com.
IQVIA ASIA PACIFIC
1,414
+65 6962 9100
IQVIA (NYSE:IQV) is a leading global provider of advanced analytics, technology solutions, and clinical research services to the life sciences industry. We are inspired by the industry we serve and provide solutions that enable life sciences companies to innovate with confidence, maximize opportunities and ultimately drive human health outcomes forward. Our approach is Human Data Science – a discipline that advances our understanding of human health and allows stakeholders to make better, more insightful decisions and discover breakthroughs. We provide actionable solutions by tapping into the power of the IQVIA Connected Intelligence™: • Domain Expertise. Institutional knowledge and domain expertise across diseases, geographies and scientific methods.• Advanced Analytics. Faster, more precise decision-making powered by data science, designed exclusively for healthcare. • Unparalleled Data. One of the world’s largest curated healthcare data sources with innovative privacy protections.• Transformative Technology. Leading technologies to provide real-time access to operations-critical information. To learn more, visit www.IQVIA.com.
MIMS PTE LTD
918
+65 6290 7400
MIMS is Asia-Pacific’s leading multi-channel provider of trusted, quality medical information, medical education, and knowledge services connecting healthcare communities. Our work empowers healthcare professionals to improve patient outcomes by facilitating knowledge exchange and better decision-making.Today, MIMS has a strong regional presence in 17 countries and regions across Asia-Pacific with approximately two million healthcare professionals subscribed to its drug & resource portal, digital and print publications. We provide solutions to leading pharmaceutical companies and established healthcare institutions across the world.Our Business Value:For over 50 years, MIMS has been a peerless partner and a trusted source of medical knowledge, empowering healthcare professionals to improve decision making in their clinical practices.With our headquarters in Singapore and a business footprint in most Asia-Pacific countries, MIMS has an intimate understanding of the regions. In terms of the scale of audience and scope of services, MIMS has the best capability to effectively engage the healthcare professionals communities.We are best known for our unique and widely accessed drug directory, as well as hosting a wealth of healthcare services to healthcare institutions, pharmaceutical companies, and healthcare professionals.Our Products & Services:MIMS offers a range of products and services that reflect current and continually emerging advances in information delivery - mobile applications, online platforms, drug references, and guidelines as well as integrated knowledge databases.Through our vast network of healthcare audiences, MIMS effectively partners with pharmaceutical companies to communicate and engage with healthcare professionals through MIMS medical publications, continuing professional development programs, and medical congresses to meet healthcare professionals’ lifelong learning needs.
SCALABRINI VILLAGE LTD
275
+61 1800 722 522
Since its formation in 1968, Scalabrini’s mission has remained steadfast in providing outstanding care for the elderly and those living with dementia. As a not-for-profit organisation, Scalabrini has always been able to put residents’ needs first. Because we aren’t driven by profit maximisation, we have been able to continuously invest back into the business. As a result, we sit above industry norms in many key service deliverables such as staffing ratios and staff expertise, the quality of our food, lifestyle choices, and physical properties. There are more important benchmarks we set for ourselves, namely the delivery of authentic care that respects the individual for who they are as a person. As our people flourish, so does Scalabrini.Sono Io (This is Me), Scalabrini’s approach to person-centered care, is bringing fresh thinking and challenging stereotypes. It gives people choice and control over daily routines and activities, and dignity and respect in all aspects of interaction.We hope you visit us at one of our six locations and see for yourself how a strategic approach to person-centered care, developed by experts and delivered by well-trained staff in a not-for-profit setting works for the betterment of all.
SINGAPORE GENERAL HOSPITAL
4,304
+65 6222 3322
Singapore General Hospital (SGH) is Singapore’s flagship hospital. SGH operates as a restructured hospital and is a not-for-profit institution with a long tradition of providing affordable tertiary healthcare. As the bedrock of medical education, SGH continues to play a key role in nurturing doctors, nurses and allied health professionals, and is committed to innovative translational and clinical research.Our social mission and humanitarian legacy have been the driving force behind the Hospital’s efforts and achievements in service, education and research – the “three pillars” of SGH.If you are interested to join us, submit your resume at http://www.sgh.com.sg/joinus
TAN TOCK SENG HOSPITAL
6,308
+65 6256 6011
Tan Tock Seng Hospital is the flagship hospital of the National Healthcare Group and part of Singapore’s Public Healthcare System. As a pioneering hospital with strong roots in the community for over 175 years, TTSH is recognised as the People’s Hospital, serving a resident population of 1.4 Million living in Central Singapore. Together, with 70 community partners and 80 community health posts, it brings care beyond the hospital into the community as an integrated care organisation – Central Health. As one of the largest multi-disciplinary hospitals in Singapore, TTSH operates more than 1700 beds with centres of excellence including the National Centre for Infectious Diseases (NCID), Institute for Geriatrics & Active Ageing (IGA), NHG Eye Institute (NHGEI), TTSH Rehabilitation Centre, and Ang Mo Kio Specialist Centre (AMKSC). TTSH’s 600-bed Integrated Care Hub will be ready in 2023 to provide for subacute care and rehabilitation. As a healthcare leader in population health, systems innovation, health technologies and workforce transformation, TTSH hosts Singapore’s largest purpose-built innovation centre for healthcare – the Ng Teng Fong Centre for Healthcare Innovation (CHI) and its Co-Learning Network of 37 local and international partners.
INTERNATIONAL SOS
10,884
+65 6338 7800
The International SOS Group of Companies is in the business of saving lives, protecting global workforces from health and security threats. We deliver customised health, security risk management and wellbeing solutions to fuel our clients’ growth and productivity. In the event of extreme weather, an epidemic or a security incident, we provide an immediate response providing peace of mind. Our innovative technology and medical expertise with a focus on prevention, offers real-time, actionable insights and unparalleled on-the-ground delivery. We help clients meet compliance reporting needs for good governance. By partnering with us organisations can fulfil their Duty of Care responsibilities, while empowering business resilience, continuity and sustainability. Founded in 1985, the International SOS Group, headquartered in London & Singapore, is trusted by 9,500 organisations, including the majority of the Fortune Global 500 as well as mid-size enterprises, governments, educational institutions, and NGOs. 13,000 multi-cultural medical, security and logistics experts stand with you to provide support & assistance from over 1,000 locations in 90 countries, 24/7, 365 days. To protect your workforce, we are at your fingertips: www.internationalsos.com For news and events updates follow us on Twitter - https://twitter.com/IntlSOS
NATIONAL HOSPITAL
735
+62 31 2975777
Vision: The most reliable Hospital with commitment to excellence and compassionate care-Mission: We strive to deliver superlative patient care with advanced healthcare environment and professional excellencePROFESIONALISMINTEGRITYCARECUSTOMER FOCUS
IDS MEDICAL SYSTEMS (IDSMED)
1,026
+65 6690 7330
The IDS Medical Systems Group (idsMED Group) is a leading medical supply chain solutions company in Asia. It has an extensive Asia Pacific distribution network with access to over 10,000 healthcare institutions and represents over 200 global medical brands in equipment and medical consumables. These include GE Healthcare, Philips, Maquet, Trumpf, Hill-Rom, Hamilton, Biosensors, Biotronik Smiths Medical, Teleflex, Ansell and others. idsMED has a workforce of 1,200 employees including 600 highly experienced field medical and sales specialists and over 200 professional bio-medical engineers providing installation and maintenance services. The idsMED Group is a member of Fung Investments. For more information, visit www.idsmed.com
PHILIPS
72,254
+65 6882 3999
Over the past decade we have transformed into a focused leader in health technology.At Philips, our purpose is to improve people’s health and well-being through meaningful innovation. We aim to improve 2.5 billion lives per year by 2030, including 400 million in underserved communities. We see healthcare as a connected whole. Helping people to live healthily and prevent disease. Giving clinicians the tools they need to make a precision diagnosis and deliver personalized treatment. Aiding the patients recovery at home in the community. All supported by a seamless flow of data.As a technology company, we – and our brand licensees – innovate for people with one consistent belief: there’s always a way to make life better.Visit our website: http://www.philips.com/Follow our social media house rules https://www.philips.com/a-w/about-philips/social-media.html
DOCTOR ANYWHERE
912
+65 3158 4622
At Doctor Anywhere, we are guided by the core belief that healthcare should be simple, accessible and efficient for everyone. Since our launch in 2017, weve been disrupting the healthcare industry by developing innovative solutions to bridge gaps in the healthcare ecosystem. Our services integrate both digital and offline platforms to empower users to take charge of their health. Headquartered in Singapore, we have regional offices in Malaysia, Thailand, Philippines, Vietnam, Indonesia, and India, serving more than 2.5 million (and growing) users across Asia.If you are excited to be at the forefront of health-tech innovation, and passionate about creating meaningful change, join us at https://doctoranywhere.bamboohr.com/jobs/
CARDINAL HEALTH
32,088
+65 6415 3170
Cardinal Health is a distributor of pharmaceuticals, a global manufacturer and distributor of medical and laboratory products, and a provider of performance and data solutions for healthcare facilities. With operations in more than 30 countries and approximately 44,000 employees globally, Cardinal Health is essential to care. We are navigating the complexities of healthcare and providing scaled solutions to help our customers thrive in a changing world. We strive to be a trusted healthcare partner by driving growth in evolving areas of healthcare, while building upon our distribution, products, and solutions to meet customer needs. Disclaimer: LinkedIn is a third-party site unaffiliated with Cardinal Health. Cardinal Health is not responsible for the privacy or security policies or practices on LinkedIn or on any of the third-party websites that we may link to through LinkedIn. You should carefully review the privacy and security practices of LinkedIn and linked third-party websites. We do not necessarily endorse any information found here nor are we responsible for the accuracy of any information, opinions, claims, or advice found here or shared here by our followers. By posting content, ideas, or pictures, you grant Cardinal Health a non-exclusive, royalty-free, perpetual, and worldwide license to use your content and any images posted by you, including the rights to copy, distribute, transmit, display, reproduce, edit, translate, and reformat, and incorporate into a collective work. Cardinal Health reserves all rights relating to the companys LinkedIn account, including removing postings and prohibiting individuals from participating on the page.
Top Healthcare Companies in Vietnam
Key Statistics from 2022
According to the General Statistics Office of Vietnam, the healthcare industry grew by 7.3% in 2022, contributing 1.9% to the country's GDP. The industry provided employment to over 1.6 million people, accounting for 2.7% of the country's total workforce. The total expenditure on healthcare reached VND 500 trillion (approximately USD 22 billion), an increase of 12% compared to the previous year.
Factors Contributing to its Growth and Success
The growth and success of the healthcare industry in Vietnam can be attributed to various factors, including the government's investment in healthcare infrastructure. The government has implemented policies to improve healthcare services, such as increasing the number of healthcare facilities and healthcare workers. Additionally, the government has implemented policies to improve healthcare financing, such as expanding health insurance coverage to more people.
Another factor contributing to the industry's growth and success is the rising demand for healthcare services. With the country's aging population and the increasing prevalence of chronic diseases, there is a growing demand for healthcare services in Vietnam. This has created opportunities for the industry to expand and invest in new technologies and services to meet the growing demand.
Industry Growth and Comparison to Previous Years
The healthcare industry in Vietnam has experienced steady growth over the past decade. In 2011, the industry's growth rate was 5.4%, and by 2022, it had increased to 7.3%. The total expenditure on healthcare has also increased from VND 170 trillion in 2011 to VND 500 trillion in 2022. These figures highlight the industry's significant contribution to Vietnam's economic growth.
Key Trends
Technological advancements have been a key trend in the healthcare industry in Vietnam. The use of technology, such as telemedicine and digital health records, has become increasingly popular in the industry, allowing for more efficient and cost-effective healthcare services. Additionally, the adoption of personalized medicine, such as genetic testing and precision medicine, has become more widespread, providing more accurate diagnoses and treatments for patients.
Another trend is the increasing focus on preventive healthcare. With the rising prevalence of chronic diseases, there is a growing awareness of the importance of preventive healthcare measures, such as regular check-ups and healthy lifestyle choices. This presents an opportunity for the industry to invest in preventive healthcare services and education to promote healthier lifestyles and reduce the burden of chronic diseases.
Challenges
Despite the industry's growth and success, it still faces several challenges. One of the main challenges is the shortage of healthcare workers, particularly in rural areas. The country's education system has not kept up with the industry's growth, and there is a need for more vocational training programs to address the skills gap and attract more healthcare workers to rural areas.
Another challenge is the high cost of healthcare services. While the government has implemented policies to improve healthcare financing, the cost of healthcare services is still high, particularly for low-income households. This can limit their access to healthcare services and hinder the industry's growth and accessibility.
Future Outlook
The future outlook for the healthcare industry in Vietnam is positive. The industry's growth and success over the past decade have been driven by the government's investment in healthcare infrastructure and the rising demand for healthcare services. Looking ahead, the industry will continue to play a critical role in the country's economic and social development.
One potential area for further growth in the industry is the development of telemedicine and digital health services. With the increasing adoption of technology in the industry, there is an opportunity to expand the use of telemedicine and digital health services to provide more accessible and cost-effective healthcare services, particularly in remote and rural areas. This will require investment in infrastructure and training to ensure that healthcare workers are equipped with the necessary skills to deliver these services.
Another potential area for growth is the development of medical tourism. With the increasing demand for healthcare services in the region, there is an opportunity for Vietnam to develop its medical tourism industry and attract more foreign patients. This will require collaboration between the industry and the government to promote Vietnam's healthcare services and ensure their quality and affordability.
Conclusion
In conclusion, the healthcare industry in Vietnam has experienced significant growth and success over the past decade, driven by the government's investment in healthcare infrastructure and the rising demand for healthcare services. Addressing challenges such as the shortage of healthcare workers and high cost of healthcare services will be critical to sustaining the industry's growth in the long term. The development of telemedicine and digital health services and the expansion of medical tourism present exciting opportunities for the industry to continue its contribution to the country's economic and social development.