Canadian firm to develop $225mn hospital in Vietnam

Canadian firm to develop $225mn hospital in Vietnam

A Canadian company has obtained a license to build a multi-million-dollar international-standard hospital in northern Vietnam.

Dau Tu (Investment) newspaper reported last weekthat Canada-based company Triple Eye Infrastructure had secured the green light from authorities in Hai Duong Province to develop a 200-bed modern hospital that will cost US$225 million, up $25 million from initial estimates.

The company wanted to invest $200 million in the project in 2012 and start work on it in the first quarter of 2013, but it failed to do so because of procedural issues.

Vietnam lacks high-standard hospitals so each year Vietnamese spend billions of dollars to cure their illnesses overseas, Marc Kealey, general director of Triple Eye Infrastructure, told Dau Tu in an interview.

Kealey said that it would be a success for any hospital in Vietnam if it could get one or two percent of that amount.

Expected to begin operations in 2016, the planned hospital will be located at Dai An Industrial Park and will offer healthcare services to over 20,000 workers at the park as well as people from Hai Duong and neighboring provinces, Mai Duc Chon, head of the Hai Duong Industrial Park Management Authority told Vietnam Investment Review.

The project is Triple Eye’s first investment in Vietnam and the hospital will also be the first international infirmary in Hai Duong.

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