Vietnam's health service has made great strides over the past decade. As part of the United Nations Sustainable Development Goals, Vietnam is striving to achieve universal healthcare for all its citizens by 2030. However, although spending on healthcare has decreased, it remains high, especially in the private health sector, which offers much better quality and convenience than the public sector.
Health insurance for expats in Vietnam
How does the healthcare system work in Vietnam?
All employees, Vietnamese and foreign, must contribute to the country's social security system―which self-employed workers can join voluntarily, and thus health costs are covered but only very partially, whether the care is provided in the public or private sector. As a result, residents in Vietnam generally take out private health insurance, which is essential to benefit from quality healthcare and reasonable out-of-pocket expenses.
How to choose health insurance in Vietnam: local or international?
Vietnam's economic growth and the resulting rise of the middle class have increased the demand for high-quality health services, and many citizens are now taking out private health insurance, as are foreign residents. These insurance plans are sometimes financed by Vietnamese employers.
However, local health insurance is rarely sufficient to cover quality healthcare expenses. Many impose significant deductibles, caps on coverage, and waiting periods. The conditions of cover for beneficiaries also vary greatly from one insurer to another.
International health insurance is often more advantageous and flexible, as it can offer a higher level of coverage than that offered by Vietnamese insurers, as well as many other benefits (depending on the policy taken out).