IFC to help HCM City build medical facilities through PPP

Standing Vice Chairman of the People’s Committee of Ho Chi Minh City Le Thanh Liem held a working session with Kyle Kelhofer, country manager for Vietnam, Laos and Cambodia of the International Finance Corporation (IFC), on April 5.  

On the occasion, the two witnessed the signing of a PPP advisory services agreement for the daycare hospital of the Pham Ngoc Thach University of Medicine between the IFC and the university.       

Vice Chairman Liem stressed that the signing of the advisory services agreement marks the success of the partnership between the IFC and HCM City’s Health Department, Department of Planning and Investment, and the Pham Ngoc Thach University. When completed, the project will provide a training centre, a general clinic and a daycare facility, serving around 300,000 patients a year. 

Moreover, the successful implementation of the project will pave the way for more projects in the form of public-private partnership (PPP) between HCM City and the IFC, he said. 

The official used the occasion to thank the IFC for its active coordination with HCM City’s agencies in implementing the content of the memorandum of understanding between the city and the IFC, which was signed during a trip of a city delegation to the US in December 2017. 

HCM City hopes to receive more support and advice from the IFC in other fields such as building smart city, urban management, innovation and environmental protection, he said.           

The IFC official said with global experience and expertise in PPP advisory services, the IFC is a suitable partner of HCM City in developing projects serving the city’s priorities in infrastructure and social development, helping the city save public resources while increasing the public’s access to quality services.  

According to Kelhofer, with the assistance of Hungary and the Rockefeller Foundation, the IFC will conduct detailed assessment and compile a report on different options for the project of the Pham Ngoc Thach University in the next six months. Bidding for the project is slated to be held at the end of this year, with the results to be announced in mid-2020.

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