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From US$16.1 billion in 2017 to US$20 billion in 2021, healthcare spending in Vietnam increased steadily. Therefore, it is expected to reach US$23.3 billion in 2025 and US$33.8 billion in 2030. Two significant issues facing medical devices in Vietnam are the absence of substitute medical tools and outmoded surgical equipment. However, the health problems of … Continued
Foreign health products are dominating the Vietnamese market. With a small Vietnamese production and just a few varieties, Vietnamese clients are highly dependent on international brands. In comparison to other countries, the Vietnamese health product market started to boom quite late. It was in the 1990s when the first imported products entered Vietnam with the … Continued
With a very low-level beginning, Vietnamese consumers’ taste and appetite have changed and became welcoming to western food and beverages, wine especially.
The value of the cosmetic industry in Vietnam reached US$2,011 million in 2021. Furthermore, Vietnam has worked on reducing tax prices of imported cosmetics by 0-5% through several free trade agreements signed with other countries. The current development of the cosmetic sector in Vietnam indicates tremendous potential for foreign entrepreneurs with perfumes, make-up, hair products … Continued
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