In analyzing the forecast of the share of private health expenditure in Vietnam, it is clear that there has been a consistent year-on-year decline. As of 2023, the value stood at 34.13. Historically, the share of private health expenditure has been decreasing since 2013, when it was at 47.02, marking a significant drop over the past decade. From 2018 to 2023, the compound annual growth rate (CAGR) has averaged -3.3% annually, indicating a steady downward trend.
The projections for the next five years show a continued decline, with an estimated five-year CAGR of -3.21%, leading to a significant reduction by 2028. This amounts to an anticipated 15.06% decrease in private health expenditure share over this period.
Future trends to watch for:
- Government policies increasing public health spending.
- Improvements in insurance coverage and accessibility.
- Change in demographics and economic conditions impacting health expenditure.
