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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 Health (MoH) and three specialised associations to launch a communications campaign to help raise awareness in Vietnam about asthma.

The MoH’s Department of Medical Examination and Treatment, the UK Embassy in Vietnam, and GSK recently signed a memorandum of understanding on cooperation in antimicrobial resistance prevention and control for 2021-2023, the paper reported.

The healthcare sector estimated that it needs about 176 trillion VND (over 7.6 billion USD at current exchange rates) for infrastructure development between 2010 and 2015. Since 2010, however, the Government has met only two-thirds of this capital demand.

The sector therefore views private investment as an important source of funding.

Despite this, private investment in healthcare still falls short of expectations, Dau tu noted, adding that the use of public-private partnerships (PPPs) remains modest due to the absence of a legal framework for such investment.

The Law on PPP Investment, which took effect on January 1, is expected to address obstacles relating to the legal framework and facilitate private investment in healthcare. The 2020 Law on Investment and Law on Enterprises are also set to create momentum for capital flows.

In the face of certain barriers, World Bank analysts have recommended prudence in the selection of PPP models and contracts in healthcare, suggesting that the MoH build a circular guiding selection, preparation, implementation, monitoring, and assessment of healthcare PPP projects in a fair and effective manner./.

VNA

The Hanoitimes – Hanoi allows the reopening of indoor eateries and cafes after the capital city underwent 14 days without new coronavirus infections in the community.

The Hanoi authorities have allowed the reopening of indoor eateries and cafes from March 2 after two weeks have passed without local transmission of novel coronavirus.

Vice Chairman of the municipal People’s Committee Chu Xuan Dung speaks at the meeting. Photo: Kinhtedothi.vn

However, bars and karaoke lounges, internet and online game stores, street eateries and cafes need to stay shut, Vice Chairman of the municipal People’s Committee Chu Xuan Dung said at a meeting on March 1 afternoon.

Besides, customers must maintain a 1m safe distance and must obey all the Covid-19 prevention protocols, Dung said, adding that catering businesses must use QR CODE software and strictly comply with the city’s directives.

Regarding religious monuments, the vice chairman assigned the Hanoi Department of Culture and Sports and local authorities in districts to check and prepare the pandemic prevention plans when the municipal government decides to reopen in a few days.

Vice Chairman of the Hanoi People’s Committee Chu Xuan Dung also warned local authorities of the pandemic risk when students come back to school.

“The Ministry of Education and Training has also directed universities and colleges to be self-sufficient in terms of time, and online schooling can be still applied. Hanoi has recommended that these educational institutions should let students back to school after March 18 for best control,” Dung said.

Vietnam has registered 2,448 cases of novel coronavirus carriers, of them 1,876 recovered and 35 deceased so far.

The Hanoitimes – The old yellow-painting apartment buildings in Hanoi, apart from their own charms and characteristics, has also contributed to the development of the city.

Apart from Turtle Tower, Hoan Kiem Lake, or One Pillar Pagoda – the eternal symbols of Hanoi , old yellow-painted apartment buildings with caged balconies characterize the post-war Hanoi. They are a part to the landscape of the capital both yesterday and today.

The old apartment building inside Hanoi University in Thanh Xuan district., Hanoi. Photo: Dinh Quyen.

Built in the 1960s-1980s in the four central districts of Hanoi, old apartment buildings, usually with five storeys, remarked the first stage of the construction of the new socialist country, becoming not only a witness of history and architecture of a period but also a symbol of neighborhood and community culture and life.

As those buildings were firstly given to state cadres, residents here were not only neighbors but also co-workers and even friends.

Many generations have lived in those buildings and everyone knows each other as well as each other’s family members. In addition, as they share several parts in the building such as the gate, the balcony, the hall, the playground, the garden, among others, their relationship is close.

The Kim Lien old apartment building in Dong Da district., Hanoi. Photo: Nguyen Anh Tuan.

To many people born during the 1960-1980s, these buildings reminisce their childhood . It was where they chased and played games with other kids next door along the hall and the playground every day. When they grew up, the narrow stair could be a romantic dating place at night.

To women, it was unforgettable days washing dishes and clothes under the public tap with others, drying them on the balcony, or preparing a big pot to together cook banh chung (traditional rice cake) in the public space in front of the building on the occasion of Tet (Lunar New Year Festival).

There they were both doing their work, talking about their day, work, children, price at local markets, or sharing a new cooking recipe or the experience of making iron caged-balcony in the back of the apartment to expand the small space or breeding pigs at home as almost everyone did at that time.

Old apartment buildings are a special part in the life of many people. Photo: Dinh Quyen

Meanwhile, the garden was the favorite place of the elders where they looked after their vegetables and bonsai or had some tea in the afternoon with neighbors.

Particular, the notice board was an important part of their life. Every time when it informed some news, activities and parties in the holidays and festival seasons, all the residents were eager to talk about it and participate in it. In the age without internet and high-end technology, it was the “delicious spiritual food” for them.

Moreover, it also helped tighten the relationship among family members and neighbors. It is very different today in new modern buildings where neighbors do not usually know much about and even barelymeet.

A bodyguard of Thanh Xuan old building apartment. Photo: Dinh Quyen

Old apartment buildings are a special part in the life of many people, including writers, poets and painters who have brought them into their works with a lot of memories, feelings and love.

These buildings and the residents together passed through the tough time of the war, the post-war penury as well as a lot of changes from the period of economic subsidy to the renovation and the development today.

In the current rapid urbanization of Hanoi, there are plenty of new resident areas providing better living conditions so that many people have moved in and out from these old apartment buildings.

Photo: Dinh Quyen

The residents and the neighbors of the same place, however, behave differently among themselves now and the new rhythm of modern life also changes the relationships among them.

Nonetheless, some typical lifestyle of the place still remains. If you visit one of them in areas such as Giang Vo, Thanh Cong, Nguyen Cong Tru, Kim Lien, Trung Tu, Van Chuong, Thuy Loi, among others you can catch some kids sliding on old stairs, lines of clothes hanging on the balcony, plant and flower pots appearing behind bars of iron cages or elders playing chess in the public ground, to explore another part of Hanoi which is full of interesting surprises hidden in its small and modest appearance.