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Groundbreaking Ceremony for Dong Nai General Hospital – Phase 2: A World-Class Hospital Complex

Tuesday, December 4, 2012, 11:17 AM

Groundbreaking Ceremony for Dong Nai General Hospital – Phase 2: A World-Class Hospital Complex

° Key Project of Dong Nai Province

On December 1, 2012, at No. 2 Dong Khoi Street, Tam Hoa Ward, Bien Hoa City, Dong Nai General Hospital Joint Stock Company, in collaboration with Dong Nai General Hospital, held a grand ceremony to launch the construction of Dong Nai General Hospital – Phase 2. The project, with a total investment of approximately 1.26 trillion VND (including one basement and 18 floors), covers a floor area of around 70,000 square meters and is designed to meet the standards of a high-end hospital.

Upon completion, this project, together with Dong Nai General Hospital – Phase 1, will form a comprehensive healthcare complex with more than 1,400 beds. The hospital is expected to provide services comparable to major hospitals in Southeast Asia and will serve as a satellite hospital for several medical institutions in Ho Chi Minh City. It aims to meet the growing healthcare demands of the local population, as well as the high-end medical services required by foreign experts living and working in Dong Nai and neighboring areas.

In response to the current situation of Dong Nai General Hospital and the increasing demands for healthcare services, the Prime Minister issued Decision No. 1602/TTg-VX on October 10, 2006, approving the construction of Dong Nai General Hospital in two phases. On July 5, 2012, the Department of Planning and Investment of Dong Nai Province granted Enterprise Registration Certificate No. 3602863520 to Dong Nai General Hospital Joint Stock Company, with a charter capital of 270 billion VND. The company’s founding shareholders include: COTEC Construction and Building Materials Joint Stock Company (42%), Dong Nai General Hospital (40%), and COTECLAND Joint Stock Company (18%).

On August 16, 2012, the People’s Committee of Dong Nai Province issued Investment Certificate No. 47121000353 to Dong Nai General Hospital Joint Stock Company, approving the investment in Phase 2 of the hospital project. The development strategy includes gradually improving and building a community healthcare system to meet the medical needs of all segments of the population. The project also aims to form strategic partnerships with universities and colleges in Ho Chi Minh City and Dong Nai Province to train nursing staff, not only for the hospital’s two phases but also for other hospitals in the region. The long-term goal is to collaborate with Japan to train high-level nurses for export to countries such as Japan, Singapore, and Malaysia. Furthermore, the project plans to invest in healthcare facilities in Dong Nai, Phan Thiet, and Ba Ria – Vung Tau, such as hot spring resorts and wellness centers, to create a comprehensive medical, rehabilitation, and nursing service complex.

With such a grand mission, the Dong Nai General Hospital Phase 2 Project has been recognized as a key project for Dong Nai Province for the 2011-2015 period. The groundbreaking ceremony on December 1, 2012, marked the official start of this phase of the hospital, which will be constructed over 30 months and is expected to be completed and operational by the second quarter of 2015. With the simultaneous development of both phases, the hospital will address the urgent and long-term healthcare needs for the people of Dong Nai and surrounding areas, providing medical services, rehabilitation, and nursing care. The Future of Dong Nai General Hospital: Expanding into an ASEAN-Class Medical Hub in Collaboration with International Hospitals

Dong Nai General Hospital aims to evolve into a regional medical center of excellence, combining its expertise with international hospitals in Singapore, Malaysia, Thailand, and beyond. The hospital is set to become a leading research and healthcare center, applying modern scientific and medical advancements to improve patient care. As part of its social welfare policy, Dong Nai General Hospital – Phase 2 will dedicate 10% of its beds to providing free healthcare services to the underprivileged and individuals benefiting from social welfare programs.

Dong Nai General Hospital – Phase 1, with a capacity of 700 beds and a total investment of approximately VND 2,000 billion, has completed its basic construction phase (including two underground levels and 13 floors). The project is now in the finishing stages and is expected to begin operations in the second quarter of 2014. Phase 1 will include 41 departments, including one outpatient department, 28 inpatient departments, and 12 specialized technical departments. It will also house three key affiliated centers: the Dong Nai Provincial Forensic Center, the Medical Examination Center, and the High-Tech Medical Diagnostic Center.

During the groundbreaking ceremony, the Vietnam Investment and Development Bank (BIDV) approved a credit agreement between the Dong Nai General Hospital Joint Stock Company and BIDV – Saigon Branch. The contract will finance Phase 2 of the hospital’s expansion, with a total loan value of nearly VND 1,000 billion over a 10-year term.

The signing of this credit agreement represents a vital financial source for the construction of Dong Nai General Hospital – Phase 2. Both the Dong Nai General Hospital Joint Stock Company and BIDV reaffirm their strategic partnership, ensuring long-term, sustainable cooperation. This partnership is designed to leverage each party’s strengths in their respective fields of operation and business, in alignment with their respective development goals. BIDV has committed to fulfilling its obligations and ensuring that Dong Nai General Hospital can quickly and efficiently access and utilize the long-term credit funds.

In addition to the credit facilities, BIDV is also prepared to offer non-credit products tailored to the needs of the Dong Nai General Hospital Joint Stock Company. These include health insurance through BIDV Insurance Corporation (BIC) and retail banking services for the hospital’s staff, such as automatic payroll services, ATM and credit card issuance, as well as Internet Banking and Mobile Banking solutions.

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