Da Nang (VNA) – Local institutional investors teaming with Chinese firms have poured 440 million USD to build two hospitals in economic hubs Ha Noi and Ho Chi Minh City .
“Investments in the hospital sector is seen as very profitable and has great potential for the long term due to the overload situation in both central and municipal hospitals,” General Director of Bank for Investment and Development of Viet Nam (BIDV) Tran Bac Ha said.
There are as many as four founding shareholders. BIDV officials did not release the exact percentage that each founding shareholders would hold.
Domestic shareholders, including the two founding shareholders BIDV and Viet Czech Consulting Co (Secovina), as well as other local common shareholders will hold the ruling stake of 51 percent. Chinese shareholders will hold 49 percent including Masep Medical Science and Technology Development Co. Ltd and China Renji Medical Group Ltd. Other common shareholders will be selected later.
The hospitals named BIDV-Masep are expected to hold 2,000 beds each and have modern technology enabling the hospitals to treat tumour and cardiovascular diseases.
Ho Chi Minh City-based BIDV-Masep hospital will break ground by June of next year. Information regarding the total duration of construction has not yet been released.
Last month, the Ha Noi-based state bank BIDV dove into health care business by covering 20 million USD worth of loans originally lent by the Asia Development Bank (ADB), International Finance Corp (IFC) and Propraco Corp. With that, BIDV became the single lender for 26 million USD FV Hospital in the Ho Chi Minh City.-Enditem
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