Vietnam Elderly Care Market 2025-2033

Phoenix Research Forecasts Vietnam Elderly Care Market to Nearly Double by 2033, Driven by Aging Population, Rising Incomes, and Digital Health Integration

– October 3, 2025 – Phoenix Research, a global leader in AI-powered healthcare and social systems intelligence, has released its latest report: “Vietnam Elderly Care Market: Homecare, Assisted Living, and Digital Telecare Transformation (2025–2033).”
The study projects that Vietnam’s elderly care market will expand from USD 940.0 million in 2025 to approximately USD 1,790.3 million by 2033, registering a CAGR of 8.1% over the forecast period.

The report highlights Vietnam’s accelerating demographic shift, rising disposable incomes, and evolving social attitudes toward professional caregiving as key structural forces shaping the market. The transition from informal family-based care toward formal homecare, assisted living, and medical eldercare is redefining Vietnam’s healthcare and social infrastructure.

“Vietnam is entering a defining decade for elderly care development,” said Rachna Patni, Senior Health Systems Analyst at Phoenix Research. “As the population ages, the intersection of healthcare innovation, telecare integration, and public–private investment will drive the formation of a modern eldercare ecosystem — one that is both compassionate and scalable.”

Key Insights from the Report

Demographic Aging and Long-Term Care Demand

Vietnam’s 65+ population is expanding rapidly due to increasing longevity and lower fertility rates. Phoenix’s Demographic Module projects sustained demand growth for chronic disease management, rehabilitation, and assisted living facilities across both urban and rural regions.

Rising Incomes and Changing Family Dynamics

Urban middle-class families are increasingly turning to professional caregivers and organized homecare services as dual-income households become the norm. Phoenix’s Sentiment Analyzer Tool indicates strong growth in consumer willingness to pay for quality elderly care services among younger caregivers.

Government Policy and Private Sector Investment

Public–private partnerships, pilot long-term care insurance programs, and emerging senior living investments are fueling market formalization. Phoenix’s Event Detection Engine recorded a notable uptick in new facility registrations and foreign joint ventures since 2022, particularly in major metropolitan areas.

Regional Market Dynamics

Southern Vietnam (Ho Chi Minh City Metropolitan Area) – Largest Market (7.9% CAGR)
High income levels and private investment have driven concentration of premium assisted-living projects and integrated healthcare-senior living developments.

Northern Vietnam (Hanoi and Red River Delta)
Hanoi is witnessing rapid policy experimentation and social care pilot programs, supported by government-backed initiatives and land availability for new eldercare facilities.

Central Vietnam (Da Nang, Hue) – Fastest-Growing Sub-Region (9.1% CAGR)
Phoenix’s Construction Activity Mapping System identified an increasing number of mid-scale facility developments as retirees and returning migrants favor coastal cities for quality-of-life benefits.

Rural & Mekong Delta Regions
While affordability challenges persist, digital telecare and NGO-led programs are extending access to basic elderly care and community-based home services.

Market Segmentation Highlights

By Ownership Type:
Private For-Profit | Non-Profit / NGO | Public / Government | Hybrid / PPP

By Payer:
Out-of-Pocket | Private Health / LTC Insurance | Government / Social Welfare | Employer-Sponsored Care

By Distribution Channel:
Institutional Facilities | Homecare Agencies | Telecare Platforms | Community Networks

Leading Companies & Providers

According to Phoenix’s Event Detection Engine, major market participants include:
Vinmec / Vingroup, Hoan My Medical Group, FPT Healthcare, local homecare franchises, and international senior-living developers entering through joint ventures.
These providers are expanding through integrated medical-residential models, telehealth-enabled services, and workforce training partnerships.

Phoenix’s AI-Driven Market Intelligence Tools

Demand Forecast Engine – Modeled Vietnam’s elderly care market using demographic, income, and urbanization data.
Construction Activity Mapping System – Tracked 120+ active or planned eldercare facilities nationwide.
Sentiment Analyzer Tool – Detected increased public acceptance of paid homecare and assisted living options.
Automated Porter’s Analysis – Showed moderate supplier power and increasing barriers for institutional facility operators due to staffing requirements.

Forecast Snapshot: 2025–2033

Metric	Value
2025 Market Size	USD 940.0 Million
2033 Market Size	~USD 1,790.3 Million
CAGR (2025–2033)	8.1%
Largest Sub-Market	Ho Chi Minh City & Hanoi (~48.6%)
Fastest-Growing Sub-Market	Tier-2 Cities (Da Nang, Can Tho, Hai Phong) – ~9.3% CAGR
Leading Segment	Home Healthcare & Assisted Living
Key Trend	Integrated medical-residential and telecare growth
Future Focus	LTC insurance pilots, PPP facilities, caregiver training

Why the Market Matters

Vietnam’s aging demographics present a non-cyclical, long-term growth opportunity.
Formalized eldercare is critical for labor force stability and socioeconomic inclusion.
Telecare and hybrid models are expanding access in underserved regions.
Workforce professionalization and insurance innovation will define next-decade competitiveness.

Final Takeaway

The Vietnam Elderly Care Market stands at the cusp of structural transformation. Formalized homecare, assisted-living communities, and telecare-enabled medical support are reshaping how Vietnam approaches aging and long-term care.
At Phoenix Research, our AI-powered market intelligence suite tracks demographic inflection points, facility development trends, and payer evolution—enabling investors, operators, and policymakers to capture growth opportunities and drive equitable care access across Vietnam’s aging population.

To get the entire report please use the below link