Medtronic Plc (NYSE:MDT) has just opened a new office in Vietnam. The office marks the company’s commitment to improved services, optimize cost, and expand access to meet healthcare demand in Vietnam. The inauguration ceremony was graced by Zenobia Walji, vice president of Medtronic Southeast Asia, AnThuan Nguyen, general manager of Medtronic Vietnam, Bob White, president of Medtronic Asia Pacific, and H.E. Ted Osius, the United States ambassador to Vietnam.
Speaking at the event, Walji noted that globalization was a key strategy and growth driver for the company and their expansion into Vietnam solidifies their efforts to support the development of healthcare in the region further. He added that healthcare in the Southeast Asian faces numerous challenges, and Vietnam, just like other emerging markets, faces high demand for healthcare though challenged by infrastructure and clinical capacity constraints in serving the needs of the population. With the new office, Medtronic aims at bringing their scale and breadth of resource to partners with like-minded stakeholders to impact more lives.
A 2015 report by World Bank showed that Vietnam had a GDP growth rate of over 6%, making it one of the fastest growing emerging economies in Southeast Asia. While characterized by a young Vietnamese population, World Health Organization data indicated that the highest contributors to non-communicable disease mortality were cancer and cardiovascular disease. To address this challenge, Medtronic plans to make an essential contribution through its commitment to therapy innovation, economic value, and globalization. By providing new products, services and solutions, and strengthening the local presence and partnerships, the company hopes to advance the standard of care in Vietnam.
Nguyen noted that their growing presence in Vietnam demonstrates their long-term commitment to becoming a strategic business partner. With an office in Ho Chi Minh City, the company can better deliver their valuable experience and respond effectively to the needs of local customers. He also pointed out that they will continue to invest in resource and talent, leverage their regional expertise, and develop local partnerships to reach more patients.