South Korea's GC Holdings to enter Vietnamese healthcare market

On July 19, GC Green Cross Medical Foundation signed a shareholders' agreement with Phenikaa Group.

As reported by Korea IT Times, the key components of the project include GC Green Cross Medical Foundation setting up a commercial laboratory, leveraging its extensive diagnostic experience, and GC Green Cross I-MED establishing a premium health check-up centre targeting Vietnam's upper-middle class.

GC plans to introduce advanced diagnostic programmes in the commercial laboratory to provide rapid diagnostic results. At the health check-up centre, Korean specialists will conduct endoscopic examinations, offering differentiated services using state-of-the-art medical equipment and digital solutions.

The two sides will establish the centre offering comprehensive, high-quality, and international-standard screening, diagnosis, and treatment services not only in Vietnam but also across Southeast Asia. This centre will be located within the 800-bed Phenikaa University Hospital, covering 26,096 square metres in South Tu Liem district, Hanoi. The centre is slated to open next month.

"GC plans to actively enter the Southeast Asian healthcare market, starting with Vietnam, by combining its expertise in diagnostic testing with its specialisation in digital healthcare," a company official said.

"We aspire to create international-standard diagnostic, testing, and healthcare facilities in Vietnam, reducing waiting times for test results while improving diagnostic accuracy and timeliness, particularly for genetic disorders, cancer, and rare diseases. This will enable us to provide advanced solutions to support the best possible treatment for patients,” the representative said.

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