U.S. Firms Plan $500-Million Hi-tech Hospital in HCM City

Tuan Minh

16:16 07/09/2016

BizLIVE - Two U.S. companies have geared up a plan to build a hi-tech hospital in Ho Chi Minh City at an estimated cost of $500 million.

U.S. Firms Plan $500-Million Hi-tech Hospital in HCM City

Two American companies are planning to build a hi-tech hospital in HCM City. Photo: Internet

U.S.-headquartered Quantus Corporation and Allied Telesis Holdings KK have met with Ho Chi Minh City’s authorities to discuss their plan to develop a $500-million hi-tech hospital in the city, to meet the rising demand for medical services in the country.
The hospital will cover an area of seven hectares in the Saigon Hi-tech Park in the southern metropolis. Coupled with it, a life sciences center will be built.
The hospital and the life sciences center are scheduled to become operational by July 2019, with many cutting-edge technologies to be applied.
Once in place, the hospital will provide medical services that are as competitive as those offered in Singapore, Seoul and Tokyo, said Alex C. Park, Quantus Corporation’s vice president.
The facility will help curb the outflow of foreign currency from Vietnam, whose people spend between $1 billion and $2 billion annually on overseas healthcare services. In addition, patients from other countries will come to the hospital for treatment, with expenses expected at $1 billion per year.
Nguyen Thanh Phong, chairman of the municipal People’s Committee, showed his support and pledged to grant incentives to the project as the city is seeking for private investment in the overloaded health system.