Public investment

A surgery conducted at the Vinmec Times City General Hospital, a private hospital in Hanoi (Photo: VNA) Hanoi (VNA) - Private investment is forecast to keep flowing into the healthcare sector in the time ahead with the appearance of many new drivers, according to the Dau tu (Vietnam Investment Review) newspaper. Nipro Pharma Vietnam , invested in by the Nipro Pharma Corporation - one of Japan’s leading pharmaceutical companies - is completing necessary procedures to add 270 million USD to its investment in a factory at the Saigon Hi-Tech Park in Ho Chi Minh City. According to the Japan External Trade Organisation ( JETRO ), a large number of Japanese businesses are seeking the chance to tap into Vietnam’s healthcare market given its substantial potential. The sector has attracted new investment inflows recently, especially last year, with a number of new projects from both domestic and foreign companies. In late 2020, a group of investors led by the Singaporean Government’s GIC sovereign wealth fund poured more than 203 million USD into Vingroup’s VMC, which develops and operates the Vinmec hospital system. VinaCapital’s Vietnam Opportunity Fund, meanwhile, invested 26.7 million USD in the Thu Cuc International General Hospital, while the UK’s Real Capital London debuted the Hong Anh (UK Vietnam) Medical Campus in HCM City, worth about 156 million USD. Many projects funded by domestic investors were also licensed or became operational last year, such as the TV.Pharm Hi-tech Pharmaceutical Complex, Van Phuc - Sai Gon Hospital, and Hoan My Western Hospital. Such moves show that hospital investment is increasingly attractive to investors due to growing middle class demand for high-quality healthcare, the newspaper said. Meanwhile, multinational pharmaceutical groups such as Novartis, Roche, Sanofi, GSK, and AstraZeneca are promoting “social business” via new programmes. In late January, AstraZeneca worked with the Ministry of …

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The HCM City Urban Environment Company Limited (CITENCO) and HCM City Finance and Investment State-owned Company (HFIC) last week signed a strategic co-operation agreement to implement projects related to urban environmental sanitation during the 2021-2025 period.  Photo Thanhuytphcm.vn HCM CITY — The HCM City Urban Environment Company Limited (CITENCO) and HCM City Finance and Investment State-owned Company (HFIC) last week signed a strategic co-operation agreement to implement projects related to urban environmental sanitation during the 2021-2025 period. Six projects with combined capital of VNĐ6 trillion (US$260.2 million) will be implemented under the agreement. These include a 20-ha landfill site project at the Phước Hiệp waste treatment complex in Củ Chi District, a project to move a hazardous waste plant from Đông Thạnh commune in Hóc Môn District to Phước Hiệp waste treatment complex, and the second phase of the Đa Phước cemetery project in Bình Chánh District. A project to build a plant for recycling and treatment of solid waste separated at source, and investments in equipment and vehicles for waste collecting, transportation and treatment services will also be carried out. Around 9,500 tonnes of domestic solid waste are generated daily in the city, not including industrial waste, according to the city’s Department of Natural Resources and Environment. The volume of domestic waste has risen by 10 per cent a year. Only 2,000 tonnes are recycled, while the remaining 75 per cent of the waste is buried, resulting in environmental pollution and lower quality of life for city residents, said Huỳnh Minh Nhựt, director of CITENCO. As a public utility enterprise under the management of the HCM City People’s Committee, CITENCO is one of the key units to perform tasks in the field of environmental sanitation, Nhựt said at the signing ceremony. The six projects will be a focus of the company in the coming years to address the city’s sustainable …

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Some provinces have failed to meet the Prime Minister’s deadline for site clearance for the eastern part of the North – South Highway. Some provinces have failed to meet the Prime Minister’s deadline for site clearance for the eastern part of the North – South Highway. Six out of 11 sections of the eastern part of North-South Highway for the period of 2017-2020, which were converted to public investment, have started. Two other sections that are also invested by the State are expected to start in May. According to the Ministry of Transport, site clearance has been far from expectations. The Prime Minister requested that it be generally accomplished in 2020. Nevertheless, by mid-Feb 2021, all 11 sections were struggling with site clearance. As many as 624 out of 652 kilometers of the Highway, 95.6%, have been handed over. The site handover in Ninh Binh, Thanh Hoa, Nghe An, Khanh Hoa provinces is much lower, 79.2%, 94.9%, 92%, and 91.5% respectively. Around 80% of 11 resettlement areas are complete. Technical infrastructure has been slowly carried out. Only 30 – 38% of power, water, and telecommunication networks have been relocated. The Transport Ministry planned to discuss directly with each province solutions for the required completion of site clearance. Only 55.64 out of 63.37 kilometers of the Mai Son – NH45 expressway have been cleared and handed over to contractors. The section runs through three districts of Ninh Binh and eight of Thanh Hoa province. More than 8 out of 14.41km in Ninh Binh were handed over. The figure in Thanh Hoa was 47.46 out of 48.96km. The main cause for delayed clearance in Ninh Binh is that Tam Diep district has failed to finalize the compensation price for different land types, identify persons qualified for job adjustment incentive scheme, and allocate resettlement area to a number of households. Thanh Hoa has been facing difficulties in site clearance. It has the longest section of the Eastern part of …

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