Establish a 100% foreign invested hospital in Vietnam

Can foreign company, foreign investors establish a 100% foreign invested hospital in Vietnam ? Do you provide legal services for setting up a 100% foreign owned hospital in Vietnam ?

According to the Vietnam’s WTO Commitments on Services No. WT/ACC/48/Add.2, dated 27 October 2006, for health related and social services: 

Hospital services (CPC 9311):

Foreign service suppliers are permitted to provide services through the establishment of 100% foreign invested hospital, joint venture with Vietnamese partners, or through business cooperation contract. 

The minimum investment capital for a commercial presence in hospital services is USD 20 million for a hospital. 

As such, according to provisions in the Vietnam’s WTO Commitments on Services, there is no limitation on market access for hospital services, except the minimum investment capital for a hospital is USD 20 million.  Vietnamese laws currently do not require conditions for investment applicable to foreign investors./.

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(Signed)
Lawyer Do Minh Son