Value and potential of Vietnam's vaccination market – Comparison with some regional countries
• We estimate that the total value of Vietnam’s vaccine market will reach VND 37,055 bn in 2025 (equivalent to USD 1.4 bn). The CARG (2025 – 2030) is estimated at 6.8%/year. The private service group contribute to 84% of total value, as the expectation of vaccination coverage gradually increased due to the unmet demand for EPI of children, adolescents and adults.• The contribution of EPI vaccines and pediatric vaccine value in general is estimated to decrease when assessing some indicators: (1) The number of infants gradually decrease due to the low birth rate (1.91 newborn/woman in 2025); (2) Severe gender imbalance ratio (110 boys/100 girls in 2024, it is difficult to return to the balanced level of 104/100; (3) Refer to the same trend in China.
• Our estimates of vaccine spending per capita in Vietnam during 2019 - 2024 indicated that it is comparable to Japan’s Pre-COVID-19 level, ranging from 10 - 14 USD/capita. This is expected to rise to 17 USD/capita by 2030, equivalent to 0.5 - 0.6% of disposable income, before gradually declining to around 0.4% by 2030, as disposable income is projected to grow faster than vaccine prices and vaccination costs.
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.
RongViet Research reports are diversified and abundant, along with in-depth analysis and performed by experienced, highly-qualified and knowledgeable teams. With the objectives of transparency, accurate and timely manner, RongViet believes that our products would always be important sources of information for customers/investors’ investment decisions.”
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.