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Vietnam shaping up to be key growth market for Singapore healthcare listcos: analysts

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Megan Cheah

Megan Cheah

Published Mon, Jan 15, 2024 · 05:00 AM
    • To support the healthcare system, Vietnam authorities have set a target for private hospital beds to account for 15 per cent of all hospital beds by 2030.
    • To support the healthcare system, Vietnam authorities have set a target for private hospital beds to account for 15 per cent of all hospital beds by 2030. PHOTO: PIXABAY

    SINGAPORE-LISTED healthcare companies eyeing growth in the region could find a “sizeable opportunity” in Vietnam, analysts said, as growing healthcare expenditure and rising income levels fuel demand for private healthcare.

    Taishu McLawhorn, senior analyst for Asia-Pacific healthcare at market intelligence provider FrontierView, noted that Vietnam’s public healthcare system has been overburdened, and faces issues ranging from staffing shortages to outdated infrastructure.

    This has led to patient outflows to the private healthcare sector, he said.

    VietnamHealthcareraffles medical groupthomson medical groupIHH Healthcare

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