Healthcare & Medical Technologies Vietnam Market Study MARCH 2019 © Copyright EU Gateway | Business Avenues The information and views set out in this study are those of the author(s) and do not necessarily reflect the official opinion of the European Union. Neither the European Union institutions and bodies nor any person acting on their behalf may be held responsible for the use which may be made of the information contained therein. The contents of this publication are the sole responsibility of EU Gateway | Business Avenues and can in no way be taken to reflect the views of the European Union. The purpose of this report is to give European companies selected for participation in the EU Gateway | Business Avenues Programme an introductory understanding of the target markets countries and support them in defining their strategy towards those markets. For more information, visit www.eu-gateway.eu. EU Business Avenues in South East Asia Central Management Unit Vietnam Market Study March 2019 Submitted to the European Commission on 12 March 2019 Healthcare & Medical Technologies - Vietnam Market Study - Page 3 of 113 Table of Contents LIST OF FIGURES ...................................................................................................................................................... 6 LIST OF TABLES ........................................................................................................................................................ 7 TABLE OF ABBREVIATIONS .................................................................................................................................... 8 1. EXECUTIVE SUMMARY ......................................................................................................................................... 9 2. WHAT ARE THE CHARACTERISTICS OF VIETNAM? ...................................................................................... 14 2.1. POLITICAL OVERVIEW ............................................................................................................................ 15 2.2. ECONOMIC OVERVIEW ........................................................................................................................... 15 2.3. TRADE OVERVIEW ................................................................................................................................. 16 2.4. MARKET ACCESS .................................................................................................................................. 18 2.5. BUSINESS AND COMPETITIVE ENVIRONMENT ........................................................................................... 18 3. MARKET OVERVIEW & EU ENTRY OPPORTUNITIES IN VIETNAM................................................................ 20 3.1 THE VIETNAMESE HEALTHCARE & MEDICAL TECHNOLOGIES SECTOR ...................................................... 20 3.1.1 The Vietnamese Healthcare System .............................................................................................. 20 3.1.2 The Public Healthcare Infrastructure .............................................................................................. 22 3.1.3 Research & Development ............................................................................................................... 27 3.1.4 Key Associations ............................................................................................................................ 28 3.1.5 Entry Strategies .............................................................................................................................. 29 3.1.6 Challenges & Entry Barriers ........................................................................................................... 30 3.2 ASSISTIVE TECHNOLOGIES ...................................................................................................................... 31 3.2.1 Market Overview ............................................................................................................................. 31 3.2.2 EU Entry Opportunities ................................................................................................................... 36 3.3 MEDICAL EQUIPMENT ............................................................................................................................. 40 3.3.1 Market Overview ............................................................................................................................. 40 3.3.2 EU Entry Opportunities ................................................................................................................... 44 3.4 ICT FOR HEALTHCARE ............................................................................................................................ 49 3.4.1 Market Overview ............................................................................................................................. 49 3.4.2 EU Entry Opportunities ................................................................................................................... 54 3.5 TELEMEDICINE AND REMOTE HEALTH MONITORING .................................................................................. 58 3.5.1 Market Overview ............................................................................................................................. 58 3.5.2 EU Entry Opportunities ................................................................................................................... 62 3.6 NANOTECHNOLOGY HEALTHCARE ........................................................................................................... 65 3.6.1 Market Overview ............................................................................................................................. 65 3.6.2 EU Entry Opportunities ................................................................................................................... 68 Healthcare & Medical Technologies - Vietnam Market Study - Page 4 of 113 3.7 LIFE SCIENCE AND BIOTECHNOLOGY FOR HEALTH ................................................................................... 69 3.7.1 Market Overview ............................................................................................................................. 69 3.7.2 EU Entry Opportunities ................................................................................................................... 73 3.8 RESEARCH & DEVELOPMENT TECHNOLOGIES AND SERVICES ................................................................... 75 3.8.1 Market Overview ............................................................................................................................. 75 3.8.2 EU Entry Opportunities ................................................................................................................... 79 3.9 DENTAL PRODUCTS ............................................................................................................................... 84 3.9.1 Market Overview ............................................................................................................................. 84 3.9.2 EU Entry Opportunities ................................................................................................................... 87 4. REGULATIONS ..................................................................................................................................................... 91 4.1 GENERAL IMPORT PROCEDURES ............................................................................................................. 91 4.2 MEDICAL DEVICE IMPORT LICENCE .......................................................................................................... 92 4.3 MEDICAL DEVICE REGULATIONS ............................................................................................................. 93 4.4 GOVERNMENT TENDERS ......................................................................................................................... 94 5. ANNEX .................................................................................................................................................................. 98 5.1 LIST OF USEFUL CONTACTS .................................................................................................................... 98 5.2 STARTING A BUSINESS IN VIETNAM ....................................................................................................... 100 5.3 USEFUL STATISTICS ............................................................................................................................. 103 5.4 BIBLIOGRAPHY ..................................................................................................................................... 108 Healthcare & Medical Technologies - Vietnam Market Study - Page 5 of 113 List of Figures Figure 1: Map of Vietnam ........................................................................................................... 14 Figure 2: Top 10 causes of death in Vietnam in 2017 and percent change, 2007-2017 ............ 20 Figure 3: Overcrowding in a public hospital in Ho Chi Minh City ................................................ 21 Figure 4: Vietnam’s healthcare system ...................................................................................... 23 Figure 5: Imports of medical equipment sorted by application ................................................... 32 Figure