RoK firms show interest in Vietnam’s medical equipment market

Poster for the medical exhibition 'Mekong Medi-Pharm Healthcare Expo' taking place in June in Binh Duong. (Photo: COEX)

This year's edition will be the first to be held in Vietnam and feature 250 booths by 150 domestic and foreign firms, COEX said.

It is expected to help Korean businesses penetrate the health sector of Vietnam and other countries in the region.

Medical staff at Vinmec hospital. (Photo: BNews/VNA)

COEX CEO Lee Dong-gi stressed that the Vietnamese health sector has posted an annual growth rate of 13.1% over the past five years, with more than 90% of medical equipment and supplies imported.

The country’s total health expenditure accounts for about 6.5% of its GDP, the highest in the Association of Southeast Asian Nations (ASEAN), he said, calling Vietnam a promising market for Korean medical equipment firms.

The organisers will prepare diverse solutions to help Korean companies expand its global network and explore new markets in ASEAN through the exhibition, he said.

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