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Vietnam's Pharmaceutical Market Set for Healthy Growth

from Vietnam Briefing

The next six years look to be very interesting for the pharmaceutical industry in Vietnam. Recent economic forecasts have predicted a $5 billion increase in value over the next six years, reaching a net worth of $8 billion by 2020 – a compound annual growth rate of 15.4 percent. Driving this market growth is the Vietnamese government’s goal of achieving universal health coverage by 2015. Thirty percent of the country’s population still have no form of public health insurance. Additionally, private health expenditures remain high at 57 percent of the country’s total health spending. more

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