Vietnam’s healthcare sector sees $4.8bn in M&A as foreign investors target promising market

The figure represents a 21-percent increase from the same period in 2024, with the average deal size rising to about $42 million, according to Dang Duc Nhu, an M&A specialist.

The first international conference on mergers & acquisitions in healthcare (HIMA 2025) was held in Hanoi on Friday to highlight investment opportunities in Vietnam's expanding medical market.

Nguyen Toan Thang, deputy chief of the Ministry of Health Office, said the government aims to expand community healthcare and improve medical services by 2030. 

He added that reforms to increase transparency in procurement, boost domestic production of medical equipment, and expand international cooperation are expected to attract more foreign capital.

Most recent deals involved pharmaceuticals, hospital chains, and private clinics, with investors seeking to expand capacity and improve service quality. 

Analysts said the sector's growth is supported by a rapidly aging population, which accounts for about 20 percent of the country, and a middle class projected to reach 23 million by 2030.

"Foreign investors are targeting Vietnam not only for its growth but also to participate in reforms, digital transformation, and local manufacturing," Thang said.