Health expenditure nationwide has grown rapidly, from $17.4 billion in 2019 to an estimated $27.5 billion in 2025, and is forecast to hit $34.1 billion by 2028, Ong The Duy from the ministry\u2019s Health Strategy Institute said on Dec. 24.<\/p>\n
Drug spending alone rose from $4.7 billion to $6.9 billion over the same period, making pharmaceuticals the biggest cost for both patients and health insurance, accounting for more than 30% of total insurance spending.<\/p>\n
Experts say several forces are driving costs up: an aging population, rising rates of chronic diseases such as cardiovascular illness, diabetes and cancer, and growing expectations for higher-quality treatment and newer, specialized drugs, often with much higher price tags.<\/p>\n
Vietnam is now the second-largest pharmaceutical market in Southeast Asia, trailing only Indonesia.<\/p>\n
But soaring drug prices are putting increasing pressure on patients and the health insurance fund, especially with long-term treatments and high-cost specialty medicines. New drugs tend to be expensive, and limited early clinical data can make it difficult for insurers to approve coverage without risking financial strain.<\/p>\n
To address this, specialists recommend risk-sharing agreements (RSS), a model where regulators, insurers and drug manufacturers jointly manage costs and treatment outcomes. These agreements can be financial-based or results-based, and aim to expand access to innovative medicines while controlling budget risk.<\/p>\n
Several countries already use similar models. The U.K.\u2019s Cancer Drugs Fund, with an annual budget of GBP 340 million, allows early access to cancer drugs while collecting real-world data for later evaluation. From 2016\u20132023, the program supported over 88,000 patients, covering 102 drugs across 241 indications.<\/p>\n
Vietnamese experts suggest starting with pilot programs, clear data standards and transparent oversight, before scaling up nationally.<\/p>\n","protected":false},"excerpt":{"rendered":"Health expenditure nationwide has grown rapidly, from $17.4 billion in 2019 to an estimated $27.5 billion in 2025,…\n","protected":false},"author":2,"featured_media":377714,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[64,63,137,500,203520],"class_list":{"0":"post-377713","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-healthcare","8":"tag-au","9":"tag-australia","10":"tag-health","11":"tag-healthcare","12":"tag-healthcare-spending-in-vietnam-hits-270-per-person-annually-and-keeps-rising-vnexpress-international"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/377713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=377713"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/377713\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/377714"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=377713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=377713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=377713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}