US investor eyes hi-tech hospital in Vietnam

 13-Sep-16, Vietnam Economic Times

The US’s Quantus, Inc is planning to invest in a hi-tech hospital at Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City’s District 9. Ms Nguyen Thi Minh Thu, Head of the Investment Promotion Department at SHTP, confirmed the US company has signed a memorandum of understanding (MoU) with SHTP’s Management Board on the investment.

Image: SHTP

"The project’s total capital is expected to be around USD500 mn," said Alex C Park, Vice Chairman and General Counsel of Quantus. The project will have 25-storey and 12-storey buildings, with a hi-tech hospital, a life science research and development institute, a residential area for patients' relatives, a VIP area, and a trade center.

Vietnamese people spend between USD1.5 and USD2 bn each year on healthcare services in foreign countries. The hi-tech hospital aims to provide medical services on par with those in Singapore, Seoul and Tokyo and is also expected to attract patients from other countries, bringing in USD500 mn to USD1 bn.

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 Elsevier APAC Healthcare Update