Several medical businesses have recently expanded into Vietnam or are clearly increasing their presence there. Examples include Baird Medical, which received Vietnam regulatory approval, Copan Group, which is building a medical device manufacturing plant in Bac Ninh, meerecompany, which secured approval for its surgical robot, and Thomson Medical Group, which is growing its position through FV Hospital. Core8 Group and MedArmor are also notable for plans related to an AI-focused hospital project. Overall, the strongest signals of expansion are regulatory approvals, new facility construction, hospital acquisitions, and major healthcare projects. These companies are good examples of firms that are not just operating in the region but are actively investing in Vietnam as a growth market for healthcare, medtech, and hospital services.
Here are several medical and healthcare businesses that have recently expanded into Vietnam or are ramping up their presence as the country's healthcare market grows: Foreign and International Healthcare Expansion Sanofi & VNVC (Viet Nam Vaccine JSC) — The global pharmaceutical giant Sanofi and Vietnam Vaccine JSC inaugurated a new vaccine manufacturing facility in Long An Province, part of efforts to bolster Vietnam's vaccine production capabilities and support domestic supply and potential export markets. Reuters Siemens Healthineers — This major medical technology provider has expanded its presence in Vietnam by investing in advanced diagnostic imaging equipment like MRI and CT scanners at public hospitals, helping modernize clinical services. alararcapital.com GE Healthcare — Another global medical technology leader, GE Healthcare has introduced advanced ultrasound, X-ray, and patient monitoring systems in Vietnam as part of its growing footprint in the country's healthcare infrastructure. alararcapital.com InBody (Korean health device maker) — InBody established a legal entity in Vietnam in 2024 to expand its body composition and health screening devices into hospitals and corporate wellness programs. Nhan Dan Online Healthcare Services & Investment Expansion Medical Saigon Group (MSG) — Private equity firm KKR became the largest shareholder of Medical Saigon Group, a major eye care and general hospital operator in Vietnam, which is expected to accelerate expansion and service delivery nationwide. Reuters VinBrain (Vingroup's AI health tech) — While technically a Vietnamese firm, VinBrain's partnerships with hospital networks and rollout of its AI diagnostic platform reflects rapid scale-up and potential expansion beyond domestic partnerships. NVIDIA Healthcare Sector Investment Trends Thomson Medical Group & Raffles Medical Group — International healthcare providers have engaged in strategic cooperation and M&A, including investments in Vietnam private hospitals such as FV Hospital, signaling deeper foreign involvement in healthcare services. LinkedIn Foreign pharmaceutical M&A activity — Chinese pharmaceutical companies such as Livzon Pharmaceutical acquired a controlling stake in Imexpharm, and other foreign strategic investors are targeting Vietnamese pharma and hospital groups through acquisitions. Freshfields