Japan's Mynavi makes new investment in WeCare 247

May 29, 2024 | 10:31

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Mynavi Corporation announced on May 28 that it has invested an undisclosed sum in WeCare 247 JSC, a company that offers a matching service for caregivers and care recipients in Vietnam.

Japan's Mynavi makes new investment in WeCare 247

Vietnam has a rapidly ageing population. More than 10 per cent of the country’s population of 100 million people are 65 years of age or older, and this number is expected to reach more than 15 per cent by 2039. The fact that the medical infrastructure and welfare system have not kept pace with this ageing population is becoming a social issue in Vietnam.

In Vietnam, there is a practice of family members serving as caregivers due to a lack of hospitals and hospital beds. This is harmful to the lives of not only the care recipients, but also their families.

In addition to matching caregivers with care recipients, WeCare 247 also supports the retention of caregivers by training them to provide quality services and offering benefits such as rest facilities and refreshments.

Another of WeCare 247’s strengths is its partnerships with major hospitals in Vietnam, which is recognition of the quality of care services it provides.

Based on this quality of service, the company plans to accelerate the expansion of its services in Ho Chi Minh City as well as throughout Vietnam in order to realize a society in which Vietnamese care recipients and their families are better able to lead their own individual lives.

By investing in and supporting the growth of WeCare 247, Mynavi aims to solve one of Vietnam’s social issues and improve people’s quality of life.

Compelling signs ahead in healthcare

Vietnam expects to see rising investment and dealmaking activities in healthcare and pharma. Seck Yee Chung, partner and head of Mergers & Acquisitions and Healthcare and Life Sciences practices in Vietnam for Baker McKenzie, discussed with VIR’s Thanh Van the prospect of Vietnam’s thriving healthcare and pharma sectors.