United Healthcare broke ground for a new manufacturing plant at the Hi-Tech Zone on September 21 in Ho Chi Minh City.
The VND219 billion (US$10 million) plant will provide high-quality treatment devices for heart diseases. The HCMC People’s Committee will provide VND91 billion ($4.3 million) for the first seven years and the Ministry of Science and Technology will give VND47.5 billion for the construction of the new plant.
The new plant will be able to produce 18.000 bare metal Stent units annually satisfying 12 percent of the demand, and 60.000 non-drug and drug eluting balloon units.
It will provide medical tools that will be 80 percent cheaper than imported ones in the market.
The factory is following the whole manufacturing technology transferred from United Healthcare Inc., USA. It is expected to operate by the first quarter of 2016 to help reduce import of medical equipment and treatment charges for cardiovascular disease persons from average and low income families.
