$287.9 million loan signed for construction of new hospital in HCMC's Binh Chanh district.
Prime Minister Nguyen Tan Dung has approved a draft agreement for ODA loans of $287.9 million from Japan to build the Cho Ray Hospital No 2 in Ho Chi Minh City in fiscal year 2015.
Deputy Minister of Finance Truong Chi Trung was assigned as the representative of the Vietnamese Government in signing the loan agreement.
The Ministry of Justice has been assigned to provide legal consultation on the loan.
The 1,000-bed hospital, which is also called the Vietnam - Japan Friendship Hospital, is estimated to cost $287.9 million.
Located on a 7 ha area in Binh Chanh district, the hospital will ease the overload at existing public hospitals.