Japanese firm to set up medical device factory

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Nipro Corporation, a medical device supplier from Japan, has received a business licence for production in Saigon Hi-tech Park in HCM City.

The Japanese medical devices will be supplied to the domestic market and exported to Japan and other Southeast Asian countries. — Photo alibaba.com

Nipro Corporation, a medical device supplier from Japan, has received a business licence for production in Saigon Hi-tech Park in HCM City.

In the first phase, which is worth US$300 million, the factory will produce medical devices used for blood filtration in the kidney.

The medical devices will be supplied to the domestic market and exported to Japan and other Southeast Asian countries.

The factory is expected to be built this year and operational by the end of the next year.

Speaking with baodautu.vn, head of the Saigon Hi-tech Park Le Hoai Quoc said Nipro planned to increase its investment capital in the factory to $500 million and then $700 million by 2030. — VNS

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