Illustrative image (Source: VNA)
Ho Chi Minh City (VNA) – Singapore’s Charles Wembley Vietnam was granted an investment licence to build a medical equipment plant in Saigon hi-tech park (SHTP) on January 29.

The 230-billion-VND Wembley Medical Facility will cover 7,000 sq.m and turn out 5 million units of medical supplies per year once it becomes operational in mid-2018.

Vietnam annually imports about 50 million intravenous needles, each priced at 13,000-15,000 VND (0.59 – 0.68 USD).

Once the first stage of construction is complete, the plant will be able to produce 5 million needles per year and sell them for 20 to 30 percent less than imported ones.

Le Hoai Quoc, Head of the SHTP Management Board, vowed all possible support for the investor to build the plant as scheduled.-VNA