Vietnam’s healthcare sector is in the midst of an expansion phase, with the market projected to nearly double by 2030, supported by an aging population, rising income levels, and accelerating healthcare privatization. The report examines the undercapacity of public hospitals, the policy targets to raise the number of private beds, notable M&A activity, and a fast-growing medical tourism market targeting $4B by 2033.

Vietnam welcomes the Horse Year with a strong domestic demand, but with the attached vulnerability of external macro conditions. A report from our Macro Analyst Tue studies the State Bank’s prioritization of FX stability over targeting inflation amid concerns of credit dependence and global financial conditions, and the trade-offs associated with it.

Vietnam enters 2026 with growth still holding up. The key question is whether growth can translate into real economic gains, given constraints around infrastructure stress, policy decisions, and capital allocation. Our latest macro report examines the growth potential and policy constraints shaping the year ahead.

Vietnam’s macro landscape strengthened significantly in 2025, highlighted by Q3 GDP growth of 8.23% YoY, the strongest since 2022 with steady inflation at 3.2-3.3%, and a USD16.8B trade surplus driven by high-tech manufacturing. Industrial production continued its upward trajectory, supported by resilient FDI inflows and stable domestic demand. Our October Vietnam Macro Outlook Report breaks down the global and domestic drivers shaping the country’s economic trajectory as it