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S Korea firm eyes health food venture in Viet Nam

Update: December, 25/2012 - 10:46

HCM CITY (VNS)— Korean company CJ Freshway has signed a memorandum of understanding with Hoa Lam Investment and Development Company for establishing a joint venture in Viet Nam.

The planned JV, which will be in the food business, especially health foods, targeted at office workers and sick people, will have an initial chartered capital of US$300,000.

Hoa Lam is developing the 37.5ha Hoa Lam Shangrila Hi-tech Medicine Area Project in HCM City, which will have six hospitals, laboratories, and healthcare training centres besides serviced residential projects.

The first phase of the 320-bed Thanh Do International Hospital will begin operations early next year and be managed by Singapore's Parkway Health Corp. — VNS

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