TH medical complex is expected to be the most modern healthcare facility in Viet Nam. — Photo coutersy of TH Group

The first phase of a hi-tech healthcare complex, expected to cost more than US$1 billion, kicked off in Ha Noi’s Dong Anh District on Monday, the complex’s investor – TH Group has announced.

The 40ha complex is divided into two stages with the first slated for completion in the second quarter of 2022, providing 300 beds. The second stage is expected to be completed in 2025, raising the number of beds to 1,000.

The TH medical complex will include five main areas that are an e-prevention centre, an international hospital, a wellness and rehabilitation centre, an international R&D centre and a geriatric centre and nursing home, TH Group said in a statement.

Statistics from the Ministry of Health revealed that health spending accounts for approximately 7 per cent of the country’s annual GDP. People's spending on overseas medical treatment reached nearly $2 billion.

The launch of the complex is expected to better serve patients, contributing to reducing the number of patients going abroad for medical treatment while helping attract foreign patients to Viet Nam, the group said.

TH Group is one of the largest Vietnamese fresh milk producers, well known for its TH true MILK brand.

Besides a high-tech concentrated dairy and fresh milk production farm in the central Nghe An Province’s Nghia Dan District with over 45,000 dairy cows, TH Group also owns a milk processing plant, the largest of its kind in Southeast Asia. — VNS