Vietnam's Social Security Health Expenditure has exhibited steady growth over the past decade, reaching 54.86 units in 2023. Year-on-year variations from 2013 to 2023 show a deceleration in growth rate, decreasing from an 11.42% increase in 2013 to a 2.12% increase in 2023. The Compound Annual Growth Rate (CAGR) has similarly softened, with the five-year rate dropping from 4.2% in 2014 to 2.31% in 2023.
Forecasts predict continued growth in health expenditure, albeit at a decelerated pace. By 2028, the expenditure is expected to reach 60.21 units, indicating a forecasted five-year CAGR of 1.47% and an overall growth rate of 7.57% from 2024 to 2028.
Future trends to watch for include:
- Impact of an aging population on healthcare costs.
- Government policies aimed at healthcare reform.
- Potential effects of economic fluctuations on healthcare funding.
- Technological advancements and their integration into the healthcare system.
