Upgrade your membership plan for the full website experience.
View Membership Plans
February 21, 2024

Vietnam’s Hospitals Mergers and Acquisitions (M&A) Deals

medical team
medical team
February 21, 2024

Vietnam's healthcare landscape is witnessing notable developments through recent mergers and acquisitions (M&A) deals in the hospital sector. KKR & Co. Inc has replaced Singapore's investment firm Heliconia Capital as the largest shareholder of Medical Saigon Group, one of the largest eye hospitals in Vietnam. Additionally, Thomson Medical Group has recently completed the official acquisition of FV Hospital following a share purchase deal of 381.4 million USD with the Singapore-based Quadria Capital. FV Hospital, established in 2003, represents one of Vietnam's most prominent healthcare facilities.

In June last year, Research and Market speculated that Vietnam’s healthcare market is poised to grow by 6.2 percent annually, reaching a value of 11.23 billion USD by 2028. Vietnam has also been actively fostering an investor-friendly environment in the healthcare sector.  It continues to maintain significant investment in healthcare, evident through its healthcare expenditure reaching approximately 18.5 billion USD in 2022. This accounts for 4.6 percent of the country's GDP.

Vietnam's healthcare sector’s potential also lies in demographic shifts in society. According to McKinsey's report in October 2021, the elderly population in Vietnamese society is expected to rise significantly, with the number of people aged 60 and over projected to increase by five million, accounting for more than 17 percent of the total population in the country. The report also indicates that spending by the elderly is forecasted to triple in the next decade, coupled with rising consumer population which is projected to make up 70 percent of the population by 2030, indicating substantial growth opportunities for investors in the sector.

Join the Council to continue reading this article
Enhance your business impact in Southeast Asia: Become a member of the US-ASEAN Business Council and tap into a network of possibilities.
Free Related Articles

Membership Plans

Corporate Council

Corporate membership provides general advocacy support, access to all country- and industry-specific updates, and access to most Council events.

  • Business missions to all 10 ASEAN markets which engage governments at the highest levels.
  • Off-the-record roundtables and policy briefings with senior government leaders in ASEAN and the U.S.
  • On-the-ground support for promoting your positions/policy priorities with policy makers.
  • Industry-specific, country-specific, cross-sector and regional advocacy through committees that target their engagement based on member priorities.
  • Advocacy on your behalf in situations where your company should not be directly identified or is unable to be present.

Chairman’s Council

Corporate membership provides general advocacy support, access to all country- and industry-specific updates, and access to most Council events.

  • All Corporate benefits.
  • Assistance with resolving company-specific trade or investment issues through our six regional offices and U.S.-based staff.
  • Develop effective advocacy strategies to impact policy concerns.
  • Identification of, and engagement with appropriate policy influencers to impact policy concerns.
  • Assistance in conducting follow-up after engaging government leaders (can include providing officials with additional materials, setting up meetings with their staff, getting a readout of the government’s reaction to the discussion).
  • Support for developing arguments that will resonate with target stakeholders.
  • Leading and setting the agenda and policy priorities of the Country and Industry Committees.