The Hanoitimes - Rapid economic growth and urbanization have increased demand for Ho Chi Minh City’s healthcare services, with more than 30 million outpatient visits and treatments in 2018, accounting for a quarter of the total number of visits nationwide. First HIV patients in Vietnam get antiretrovirals covered by social health insurance Vietnam, UK promote healthcare training cooperation Vietnam and South Korea promote cooperation in healthcare International Finance Corporation (IFC), a member of the World Bank Group, and University of Medicine Pham Ngoc Thach signed an advisory services agreement today to mobilize private investment in the university’s training and healthcare facility. Overview of the signing ceremony. As part of the agreement, Ho Chi Minh City’s medical university has appointed IFC as the lead advisor to design a public-private partnership (PPP) transaction for a training and outpatient center on its premises. The … [Read more...] about Ho Chi Minh City to mobilize private investment in healthcare facility
Private investment banks
Greater private investment needed for energy future
EuroCham calls for introducing direct power purchase agreements in 2019 with the aim of promoting private investments into renewable electricity generation. In the 11th edition of its annual Whitebook launched recently, the European Chamber of Commerce in Vietnam (EuroCham) calls upon the country to lure additional private investments into renewable electricity generation. Accordingly, the country should introduce "sleeved" direct power purchase agreements (DPPAs) within 2019 between power producers and large power consumers as these deals have proven to be extremely effective in other, similar countries. The EuroCham exemplified its stance by the fact that companies and other multi-national corporations have stated their global commitments to seek access to clean energy. This will help attract additional investment and global brands, thus enabling the nation to move up the manufacturing value chain. It also urged the implementation of changes … [Read more...] about Greater private investment needed for energy future
Global investment bank SocGen offloads SeABank stake
By Minh Son  March 13, 2019 | 07:57 pm GMT+7 A SeABAnk employee serves a customer at a branch in Hanoi. Photo by VnExpress/SB French multinational investment bank and financial services company SocGen has divested its 20 percent stake in SeABank. A bank representative told VnExpress that the Société Générale Group (SocGen), as part of a non-core assets sales spree, has completely divested its stake in Hanoi-based private bank Southeast Asia Bank (SeABank). SocGen began divesting its stake since the beginning of 2018 in order to restructure its investment portfolio, as it exits non-core markets in Vietnam and all of Asia, the representative said. Previously, SocGen had also divested 100 percent of its stake in its own consumer finance arm in Vietnam, selling Société Générale Vietnam Finance Company Limited (SGVF) to HDBank. The French investment group is pulling out of many of its investments globally. In February 2018, it … [Read more...] about Global investment bank SocGen offloads SeABank stake
Vietnam encourages private investment in energy sector: PM
The Hanoitimes - Vietnam is in need of capital for the power sector which requires roughly US$10 billion annually through 2030. It’s time for Vietnam to lure private capital into energy: World Bank The Vietnamese government is helping out non-state investors to invest in the power sector amid rising consumption for economic growth, Prime Minister Nguyen Xuan Phuc said on February 14. Vietnamese PM Nguyen Xuan Phuc attends the inauguration ceremony of Thai Binh 1 Thermal Power Plant. Photo: Chinhphu The Ministry of Industry and Trade, the Commission for the Management of State Capital at Enterprises (CMSC), and Electricity of Vietnam (EVN) need to continue mobilizing capital for power projects, mostly prompting private investment, the PM said at the inauguration ceremony of the 600-MW Thai Binh 1 Thermal Power project. Phuc’s statement indicates that Vietnam is in need of capital for the power sector which requires roughly US$10 … [Read more...] about Vietnam encourages private investment in energy sector: PM
IFC to promote private investments in Vietnam
The Hanoitimes - International Finance Corporation (IFC) committed US$3.4 billion in fiscal year 2018 in East Asia and the Pacific, spurring the growth of a thriving private sector in the region. IFC, a member of the World Bank Group, stated it would promote private investments in the power sector and agribusiness in a number of countries, including Vietnam in the fiscal year of 2019. Illustrative photo. IFC committed US$3.4 billion in fiscal year 2018 in East Asia and the Pacific, spurring the growth of a thriving private sector in the region to ensure sustained growth through innovation, job creation, and infrastructure development, among others. In Vietnam, where only about 35% of the population is connected to piped water, IFC lent US$15.3 million to one of the first private sector water companies - DNP Water JSC - to increase availability of clean water for urban households and residents in provincial cities. Overall, IFC provided $2 billion in financing … [Read more...] about IFC to promote private investments in Vietnam