The acquisition is the largest-ever transaction in Vietnam’s healthcare sector, paving way for the group’s expansion across Southeast Asia.
Property developer Aseana Properties Limited is putting its stakes at the City International Hospital (CIH) in Ho Chi Minh City up for sale, as the hospital has continuously made losses since it commenced business in 2014.
Starting off as Nhat Nguyen Transport Trading Service Co., Ltd. in 1993, Hoa Lam has now emerged as a multi-business entity operating in banking, real estate and healthcare services.
The Swedish biopharmaceutical company has pledged to invest some $220 million in Vietnam’s healthcare sector in the 2020-2024 period.
VinaCapital has just launched a $100 million tech-focused venture capital fund, aiming to help fledgling startups and small and medium sized enterprises in the technology field, of which FastGo and LOGIVAN, two startups on technology solutions in the field of transportation will be its very first investment.
The ongoing patient overload at state-owned hospitals and the US$2 billion that Vietnamese spend on overseas healthcare services are drawing more investors to hospital projects.
Measures to improve medical check-ups and treatment, along with State management of drug prices and provisions at medical facilities and investment in grassroots healthcare to reduce overloading at central hospitals were among issues addressed by Minister of Health, Nguyen Thi Kim Tien at a Q&A session of the National Assembly of Vietnam yesterday.
