Livingstone Health Holdings Limited announced it has entered into a strategic partnership with National Phytopharma Joint Stock Company and Truth Assets Management (S) Pte. Ltd. to evaluate healthcare projects opportunities in Vietnam. Livingstone Health said the partnership agreement was signed on 25 February in Singapore and was witnessed in the presence of Vietnam President Nguyen Xuan Phuc.

The partnership will leverage the Group's expertise to develop a Livingstone Health-branded hospital within Phytopharma's land parcels in Hanoi and Ho Chi Minh City. Livingstone will provide project ideation, design and strategy, and advice on operations and preparation. At the same time, TAM will assess on potential healthcare project investment, development and expansion of Singapore-based healthcare services and opportunities in Vietnam.

The partnership aims to open new opportunities for Livingstone Health to tap into Vietnam with reputable partners over the next few years. The partnership is not expected to have any material impact on the net tangible assets per share or earnings per share of the Group for the current financial year ending 31 March 2022.