Vietnam’s First 100% Foreign-Owned Private Hospital Ceases Operations

The announcement has been made that Columbia Asia Gia Dinh International Hospital and Columbia Asia Saigon International Clinic will cease operations from January 31, 2024.

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Columbia Asia Gia Dinh International Hospital

In an official announcement on its website, Columbia Asia Gia Dinh International Hospital and Columbia Asia Saigon International Clinic stated that they will undergo a procedure to suspend their operations starting from January 31, 2024.

The reason given is that the operating period of the facilities owned by Columbia Asia Vietnam Company Limited is about to expire according to the investment certificate. According to the investment certificate, the company has a legal obligation to transfer, without full reimbursement, all fixed assets to the Government of Vietnam when the operating period ends. This is also the reason why the company is not granted an extension of its operating license.

With the preparation for the suspension of operations, starting from February 1st, all related matters, customers are requested to contact via email for guidance, support, and resolution.

Established in 1998, Columbia Asia Gia Dinh International Hospital has been operating for 25 years, located on No Trang Long Street, Binh Thanh District. This is also the first private hospital in Vietnam to be invested directly with 100% foreign capital, with 20 beds set up to serve the daily needs of patients.

As for Columbia Asia Saigon International Clinic, it is located in the center of Ho Chi Minh City, at 8 Alexandre de Rhodes Street, Ben Nghe Ward, District 1.

Columbia Asia Saigon International Clinic

In the business license, Columbia Asia Vietnam Company Limited was officially established in 2008, with Mr. Dzung Quoc Bui (American nationality) serving as the General Director and legal representative. The company’s charter capital is over 18.8 billion VND, owned by the enterprise Columbia Asia L.L.C (established in 1994 in the United States). In October 2019, the enterprise’s ownership was transferred to Columbia Asia Binh Duong Company Limited (headquartered in Binh Duong Province). The charter capital is evenly authorized to 4 individuals, including Mr. Dzung Quoc Bui, Mahendran Renganathan (Malaysian nationality), Chee Soo Teen (Malaysian nationality), and Tan Hoon Chaeng (Malaysian nationality).

Regarding Columbia Asia Binh Duong, it was established in 2008. As of September 2019, the company has a charter capital of over 360 billion VND, contributed 100% by foreign investors, with Mr. Thai Thuong Thuong serving as the General Director and legal representative. In the latest change in October 2023, the company increased its charter capital to more than 478 billion VND and authorized the capital to three individuals, including Mr. Thai Thuong Thuong, Chan Boon Kheng (Singaporean nationality), and Kam Wai Peng (Malaysian nationality).

Thu Minh

SOURCEvietstock
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