Managing director and national head of Healthcare Luke Treloar and Vo Thi Kim Ngan, associate director at KPMG's Global Strategy Group Over the past two decades, Vietnam has achieved laudable improvements in key quality of life metrics such as life expectancy, infant mortality, and access to affordable medicines. This success is the result of the government's concerted effort to modernise the health system and expand access to affordable care. Up to now, Vietnam has expanded its universal health coverage to 90 per cent of the population, and targets to reach a 95 per cent coverage ratio by 2025, while maintaining a commitment to sustainable healthcare financing. This coverage ratio and ambition leads comparable regional markets. The country's potential is nevertheless still constrained by a relatively high out-of-pocket ratio, while spending the most in-region on healthcare as a share of GDP. If Vietnam wishes to continue to expand access to quality care and maintain sustainable health financing, the health system will need to find a way to provide more services to more patients, at a lower incremental cost. Digital health is one way to achieve scale of access, improve clinical outcomes, and lower incremental costs. To do this, the government needs… Read full this story
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