Money flowing again to Vietnam's private hospitals
01-May-16, Vietnam Net Bridge
After a period of interruption, the movement of injecting money into hospital projects has heated up again.
Investors now see the healthcare sector a ‘gold mine’ because of the Vietnamese increasingly high expenditure on healthcare services. The figure may reach $24 billion by 2020 thanks to the government initiated healthcare service socialization program being implemented.
State-owned hospitals still dominate the healthcare service sector. By 2014, Vietnam had 1,090 hospitals and 175 privately run hospitals.
%20Vietnam%20Net%20Bridge.png "Money flowing again to Vietnams private hospitals (c) Vietnam Net Bridge")
Image: Vietnam Net Bridge
- The Hoan My Medical Group has recently taken over the Vinh International Hospital in Nghe An province.
- In 2015, Hoan My acquired 70 percent of stake of the Dong Nai International Hospital.
- In late 2015, Cotec Healthcare Holdings started implementing the VND1.3 trillion project on expanding the Binh Dinh General Hospital under the mode of private public partnership (PPP).
- Vingroup, a real estate developer, also has invested in the healthcare sector with Vinmec system.
Meanwhile, many foreign investors, including Thai Bumrungrad Hospital and Indonesian Lippo Group, have expressed their intention to develop hospital chains in Vietnam.