The Evolving Landscape of Vietnamese Healthcare: Addressing Emerging Challenges

During the meeting with the leadership of MOH on Feb 24th in Hanoi, Party General Secretary To Lam analyze major challenges facing the healthcare sector and outlined the requirements for its development in the new context, with a primary focus on healthcare reforms.

In his opening remarks, To Lam acknowledged that in recent decades, the healthcare sector has made significant breakthroughs, enhancing treatment quality, implementing advanced technologies, and modernizing medicine. Alongside the development of the healthcare system, the training and improvement of the medical staff's quality have also been prioritized, creating a team of doctors and medical experts who meet international standards.

However, the General Secretary also pointed out major challenges that require comprehensive reforms to ensure the task of caring for people's health in the new era. He emphasized that healthcare should not only focus on disease diagnosis and treatment but also on disease prevention. Although Vietnam has a preventive healthcare system, its effectiveness has not yet met expectations.

Although numerous solutions have been proposed to address the challenges, their effectiveness remains limited, and some solutions require time to demonstrate results. However, new challenges continue to emerge, demanding even greater efforts from the healthcare sector.

Read the full article at: https://english.vov.vn/en/politics/domestic/party-leader-requests-effective-healthcare-reform-to-improve-service-quality-post1156922.vov

70th Anniversary of Vietnamese Doctor's Day

Dear Esteemed Doctors and Medical Professionals,

On the occasion of the 70th anniversary of Vietnam Doctor’s Day (February 27th), Dconnect would like to express our heartfelt gratitude and warmest congratulations to all doctors, nurses, and healthcare workers across the nation.

We wish you a joyful and meaningful celebration on this special day. Your unwavering dedication, selfless sacrifices, and compassionate care for patients inspire us all. Thank you for your tireless efforts in safeguarding the health and well-being of the community. May you all enjoy abundant health, happiness, and continued success in your noble profession.

With deepest respect and appreciation,

Dconnect Vietnam

Boosting Domestic Pharmaceutical Manufacturing: A Golden Opportunity for Investors

Vietnam's healthcare sector has made significant progress over the past decades, driven by government reforms and increasing private sector participation. Despite these achievements, the healthcare system still faces three major challenges. First, primary care remains underutilized, while hospitals are overwhelmed with patients. Second, there is a shortage of healthcare professionals, particularly nurses. Lastly, persistent funding gaps lead to substantial out-of-pocket expenses for patients.

These challenges create numerous opportunities for investors to engage in the transformation of Vietnam’s healthcare system while generating significant returns. Notably, pharmaceutical manufacturing plays a crucial role. Vietnam's reliance on expensive imported specialty drugs poses a challenge for managing the national healthcare budget. In response, the government has strongly encouraged investment in domestic pharmaceutical production, particularly for chronic disease treatments and high-cost branded medications. This presents a golden opportunity for investors who can enhance production standards to meet certifications such as the EU-GMP or Japan-GMP.

Read the full article at: https://vir.com.vn/how-can-private-investments-unlock-vietnams-healthcare-114809-114809.html

Hot Jobs Feb 2025

Are you seeking new professional challenges in Pharmaceuticals, Medical Devices, FMCG, or Manufacturing?

We are pleased to announce a variety of career opportunities for skilled professionals across these dynamic industries.

If you are looking to advance your career in a thriving and innovative environment, connect with us or check out our latest job listings to learn more and find the right fit.

...
...
...
...
...

Vietnam Revives Ninh Thuan Nuclear Power Project: A Key Step Toward Net Zero 2050

Vietnam is taking a bold step in its clean energy transition with the revival of the Ninh Thuan nuclear power project, aligning with the nation’s goal of achieving Net Zero by 2050.

On November 30, 2024, the National Assembly approved the continuation of the project, followed by Directive No. 1/CT-TTg from the Prime Minister on January 3, 2025, tasking the Ministry of Industry and Trade with execution within five years. A Steering Committee, led by the Prime Minister, was also established on January 10, 2025, to ensure smooth implementation.

Key Advantages:

  • Strong Policy Support: Backed by the Party and Government, with public consensus.
  • Preselected Sites: Locations in Phuoc Dinh (Ninh Thuan 1) and Vinh Hai (Ninh Thuan 2) meet international standards.
  • Skilled Workforce: Hundreds of trained nuclear experts ready to contribute.
  • Challenges Ahead:

  • Massive Investment: Estimated at $9.6B per plant - cost overruns remain a concern.
  • Tight Timeline: Aiming for a five-year completion, despite Vietnam’s limited experience.
  • Regulatory Gaps: Legal updates, including revisions to the Atomic Energy Law, are needed.
  • Human Resource Development: More investment in nuclear education and training is crucial.

This marks a historic milestone in Vietnam’s energy sector, offering both opportunities and challenges. As the country embarks on its first-ever nuclear power project, global collaboration, regulatory improvements, and skilled workforce development will be critical to its success.

Read the full article at: https://nangluongvietnam.vn/nhung-thuan-loi-va-khuyet-thieu-can-bo-sung-cho-du-an-dien-hat-nhan-dau-tien-cua-viet-nam-33713.html

Chúc Mừng Năm Mới from the Dconnect Team!

Tết is just around the corner, and with it comes a time to celebrate new beginnings, cherished traditions, and the joy of being together. As we prepare for the year ahead, the Dconnect team wishes you an abundance of happiness, success, and unforgettable moments.

Dressed in our áo dài, we had our first MRT experience, and it turned out to be a delightful journey that exceeded our expectations!

We are sincerely grateful for your trust and cooperation, and we look forward to continuing this incredible journey with you in the years to come. May the new year bring prosperity, growth, and meaningful connections.

...
...
...

Vietnam’s Healthcare and Medical Device Market: Opportunities and Challenges

Vietnam’s healthcare spending is projected to rise from $16.1 billion in 2017 to $33.8 billion by 2030, driven by growing demand for quality care and advanced medical technology. However, the domestic healthcare system still faces challenges, particularly shortages in medical equipment, such as surgical instruments, emphasizing the need for significant investment in importing advanced devices.

For foreign manufacturers seeking to distribute medical devices in Vietnam, navigating the regulatory landscape is essential. Strict compliance with the Vietnamese government’s legal requirements is critical to ensuring product safety, effectiveness, and market access. Devices must be classified and registered with the appropriate authorities before entering the market. Additionally, products must adhere to stringent quality and safety standards to meet local regulations.

Understanding and adhering to these compliance requirements is not just a regulatory necessity - it is a strategic imperative for success. By aligning with Vietnam’s regulatory framework, international medical device companies can contribute to the country’s healthcare advancement while unlocking significant market opportunities.

Read the full article at: https://vietnam.incorp.asia/medical-devices-compliance-in-vietnam/

Hot Jobs of Jan 2025

Begin the New Year with New Career Opportunities!

As Tết approaches, Dconnect is excited to announce multiple openings across dynamic industries including Pharmaceuticals, Medical Devices, FMCG, and Manufacturing.

This is an ideal time to reflect on your career aspirations and take a decisive step toward achieving your professional goals. Contact us today to explore these exciting opportunities and advance your career.

...
...
...
...

Vietnam's Pharmaceutical Strategy: Aiming for ASEAN Leadership by 2030

The Ministry of Health recently introduced the National Pharmaceutical Development Strategy, with a target for 2030 and a vision for 2045. This strategy focuses on prioritizing domestic pharmaceutical companies and manufacturers with production facilities in Vietnam, aiming to increase self-sufficiency and reduce reliance on imports.

Key elements of Vietnam's pharmaceutical strategy include:

  • Development of the domestic pharmaceutical industry: Emphasizing the production of originator drugs, new drug formulations, and biological drugs, with the goal of reaching level 4 according to WHO standards.
  • Enhancing production capacity: Elevating the pharmaceutical sector to match advanced countries, establishing Vietnam as a hub for the production and technology transfer of originator drugs within ASEAN.
  • Expanding the pharmaceutical sector's role: Moving beyond product supply to include involvement in healthcare services and clinical pharmacy.
  • Building a digital health ecosystem: Developing a platform for monitoring and optimizing drug use, ensuring traceability and quality control.

While this strategy supports the growth of domestic companies, could it create long-term challenges for imported products? How can we balance fostering domestic growth with embracing global innovation in the pharmaceutical sector?

Read the full article at: https://moh.gov.vn/hoat-dong-cua-lanh-dao-bo/-/asset_publisher/TW6LTp1ZtwaN/content/hoi-nghi-trien-khai-chien-luoc-quoc-gia-phat-trien-nganh-duoc-viet-nam?

Vietnam: A Competitive Edge in Labor Costs for Global Investors

Vietnam has emerged as a leading economic center in Asia, thanks to its strategic location, affordable labor, and progressive government reforms. Notably, the retail sector has drawn international brands seeking to reduce expenses.

Among 9 Asian countries, Vietnam has the second-lowest average cost of running a business, which results from investment-friendly policies, a supportive business environment, and low wages.

However, in spite of having the low labor cost, foreign companies might struggle to find employees because of the lack of a skilled workforce in the country. Currently, a growing number of supply managers are opting to outsource to Vietnam for its cost-effective labor.

Read the full article at: https://vietnam.incorp.asia/vietnam-labor-cost/?&utm_source=li&utm_medium=organic&utm_campaign=hr-payroll