The extended section of a general hospital in the south-central Vietnamese province of Binh Dinh, whose investment was estimated at over US$57 million, has been put into operation.
The provincial People’s Committee on Saturday inaugurated the extended facility of the Binh Dinh Province General Hospital, which is located in Quy Nhon City.
Initiated in October 2015, the construction of the infirmary was carried out under the public private partnership (PPP) model, at a cost of VND1.3 trillion ($57.2 million).
A public-private partnership is a government service or private business venture funded and operated through a partnership of government and one or more private sector companies.
PPP involves a contract between a public sector authority and a private party, in which the private party provides a public service or project and assumes financial, technical and operational risk in the project.
The Binh Dinh Province General Hospital contributed 40 percent of the charter capital in the form of quality, reputation, and human resources.
The Cotec Healthcare JSC funded 51 percent of the charter capital and its parent company, Cotec Group, supplied the remaining nine percent.
The new facility is designed with the capacity of 600 beds and 25 specialized departments.
The hospital will begin its first phase of operation with 310 beds, along with eight clinical departments and four paraclinical departments.
It is aimed at providing high-quality healthcare services to people in Binh Dinh and other provinces in the south-central region.
In other news, the construction of the first private hospital in the Central Highlands province of Kon Tum began on Saturday.
Located in Quyet Thang Ward, Kon Tum City, the project is expected to be complete in 2020, at a cost of VND160 billion ($7 million).