Report

Proactively vaccinated: Private services close the gaps of expanded program on immunization (EPI)

• Since 1974, vaccination has prevented 154 million deaths, including 146 million in children under 5, and 101 million of them in infants. Despite being devastating, COVID-19 marked a turning point of the vaccine industry, boosting public awareness of the importance of disease prevention and the lifesaving role of vaccines.
• Vietnam joined WHO’s EPI in 1981 and rolled it out nationwide in 1985. As a result, vaccination coverage for children under one year old in Vietnam has consistently exceeded 90%. However, this rate remains lower than in some countries (Malaysia 94%, Singapore 97%, Korea 97%, US 93%). Adult vaccination coverage reached only 1% by 2022, compared with 34% in Thailand and 66% in Singapore (KPMG). Coverage for high-value vaccines such as HPV, pneumococcal, shingles, and seasonal influenza remains below 5% (B&Company); HPV among adolescent girls is 12% (lower than 80% in Malaysia).
• Limitations of curative care became evident during pandamic: Hospitals were overwhelmed, with shortages of beds, medical staff, and pharmaceuticals. This proved the important role of preventive medicine. However, investment rate of preventive medicine/curative medicine is currently 15/85, which created a significant imbalance, despite the fact that every 1 unit of budget allocated to preventive medicine can have an impact equivalent to 10 units spent on curation medicine.
• The private vaccination market has been rapidly expanding, driven by rising awareness and proactive demand for prevention, as unmet needs beyond the EPI. Two main factors underpin this: (1) Limited coverage outside the child population and low uptake among adults; (2) Rising demand for premium services from the urban and middle class.
Provider
Viet Dragon Securities
Viet Dragon Securities

Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.

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Analysts
Anh Tran

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