The health expenditure in Vietnam has shown a steady increase from 2013 to 2023, reaching 8.18% of GDP in 2023. The year-on-year variation peaked at 2.9% in 2013 and subsequently decreased to 1.36% in 2023. The compound annual growth rate (CAGR) over the last five years was 1.45%, indicating a moderate but consistent rise in healthcare spending.

As we look to the future, the forecasted data suggests that health expenditure will continue to rise, reaching 8.7% of GDP by 2028. The forecast for the next five years shows a lower CAGR of 0.97%, implying a slower rate of increase. The forecasted growth rate over these five years is expected to be 4.92% in total.

Future trends to watch for include:

Changes in healthcare policies that may impact funding and distribution of resources.
Economic factors that could influence budget allocations for health.
Technological advancements in healthcare that could drive costs.
Population demographics, especially aging, that might increase demand for healthcare services.