CUC Co., Ltd. invests in “Nhi Dong 315” to develop pediatric and obstetrics clinics mainly in Ho Chi Minh City, Vietnam | CUC Press Release
Since its establishment in 2019, Nhi Dong 315 has grown into a leading pediatric clinic in Ho Chi Minh City. We currently operate 46 pediatric and obstetrics clinics in order to provide high-quality medical services to Vietnam’s rapidly growing middle class.
On the other hand, since its establishment in 2014, CUC has been committed to supporting the management of medical institutions in a wide range of fields with the mission of “creating hope through medical care”. In 2019, we started a business support business in Vietnam by utilizing the knowledge and experience accumulated in supporting Japanese medical institutions, and accumulated knowledge of the country’s medical market.
CUC has decided to make this investment to accelerate the development of Nhi Dong 315 through a business alliance. Nhi Dong 315 and CUC aim to provide better medical services to more people in Vietnam.
CUC provides management support to medical institutions operating pediatric clinics in Japan. Utilizing the experience accumulated in Japan, we will support the development of Nhi Dong 315 through business cooperation, personnel exchange, creation of educational opportunities, implementation of marketing activities, etc. between Japan and Vietnam. In order to realize the mission of “creating hope through medical care”, we will continue to actively develop business partners in Vietnam and further expand our business.
- Vietnam Healthcare Market Prospects
Vietnam’s healthcare market is expected to grow at an average annual rate of 11% from 2017 to 2027 (*1). The per capita medical expenditure in 2019 was US$181, a 10-fold increase from 2000 (*2). In the future, an environment needs to be created where more people can access better healthcare, especially in urban areas.
※Reference materials
(*1)
Fitch Solutions, Inc. Vietnam’s Healthcare Reform Has Upside Potential, But Risks Remain (October 2018)
https://www.fitchsolutions.com/pharma-healthcare/healthcare-reforms-vietnam-present-upside-potential-risks-remain-22-10-2018
(*2) World Bank.Current health expenditure per capita (current US$) – Vietnam
https://data.worldbank.org/indicator/SH.XPD.CHEX.PC.CD?locations=VN
■ Basic situation of Vietnam
Full name: Socialist Republic of Vietnam
Land: about 330,000㎢ (88% of Japan’s land: almost the same area as Japan except Kyushu)
Capital: Hanoi (Northern Vietnam)
Largest city: Ho Chi Minh City (South Vietnam)
Population: 97.62 million (as of 2020, according to the basic data of the Ministry of Foreign Affairs of Vietnam)
■Overview of CUC Co., Ltd.
Company Name: CUC Co., Ltd.
Address: 2F, Nomura Real Estate East Nihombashi Building, 1-1-7 Higashi-Nihombashi, Chuo-ku, Tokyo
Representative: Representative Director Keita Hamaguchi
Established: August 2014
URL: https://www.cuc-jpn.com
An M3 Group company listed on the Tokyo Stock Exchange Prime. We are a company that provides management support services as well as home visit care and hospice services to medical institutions in Japan and overseas with the mission of “creating hope through medical care.” In 2019, we began to support medical institutions in Vietnam, and we are actively considering overseas expansion in the future. We also provide support in the field of pediatrics in Japan and Vietnam.
*Please refer to the 2022 Sustainability Report for business details.
https://www.cuc-jpn.com/wp/wp-content/uploads/2022/09/CUC_SR2022.pdf
Overview of Nhi Dong 315
Location: 308 Nguyen Tri Phuong street, Ward 4, District 10, Ho Chi Minh City, Vietnam
Representative: CEO Nguyen Huynh Van Vy
Established: March 2019
URL: https://www.nhidong315.com/
We operate pediatric and obstetrics clinics in southern Vietnam centered in Ho Chi Minh City, providing comprehensive services. In Vietnam, where the population is rapidly increasing, we support the growth and development of children from infancy to adolescence and the health of pregnant women through outpatient clinics, various examinations, vaccination services, and nutritional counseling.
