Medtronic Establishes New Office in Vietnam

HO CHI MINH CITY, Vietnam, Sept. 5, 2016 /PRNewswire/ -- Medtronic plc (NYSE:MDT), the global leader in medical technology, today announced the opening of its new office in Vietnam. The new office marks the company's commitment to improve patient outcomes, optimize costs and expand access to care to meet local healthcare demands in Vietnam.

"Globalization is a key strategy and growth driver for Medtronic. Our expansion in Vietnam solidifies our efforts to further support the development of healthcare in this region. Healthcare in Southeast Asia faces many challenges, and Vietnam, like other emerging markets in the region, faces high demand for healthcare but is challenged with infrastructure and clinical capacity constraints in serving the needs of the population," said Zenobia Walji, vice president of Medtronic Southeast Asia. "With the new office, we aim to bring our scale and breadth of resources to partner with like-minded stakeholders to impact more lives."

Walji, together with Bob White, president of Medtronic Asia Pacific, and AnThuan Nguyen, general manager of Medtronic Vietnam, was joined by H.E. Ted Osius, the United States ambassador to Vietnam, to inaugurate the opening.

The World Bank recorded a GDP growth rate of over 6% for Vietnam in 2015, making it one of the fastest growing emerging economies in Southeast Asia, with increasing opportunities and needs in the medical technology market. While characterized by a young Vietnamese population, World Health Organization data indicates that the highest contributors of non-communicable disease mortality are cardiovascular diseases and cancer. To address these challenges, Medtronic will make important contributions through its commitment to therapy innovation, globalization, and economic value. Providing new products, services and solutions, and strengthening their local presence and partnerships will help advance the standard of care in Vietnam.

"Our growing presence in Vietnam demonstrates our long term commitment to become a strategic business partner. With a new office in Ho Chi Minh City, Medtronic can better deliver our valuable experience and respond more effectively and efficiently to the needs of local customers and patients to help improve the level of care," said Nguyen. "We will continue to invest in resources and talent, leverage our regional expertise and develop local partnerships to reach more patients, in more places and through more ways via strategic collaboration."

About Medtronic

Medtronic plc (www.medtronic.com), headquartered in Dublin, Ireland, is among the world's largest medical technology, services and solutions companies -- alleviating pain, restoring health and extending life for millions of people around the world. Medtronic employs more than 88,000 people worldwide, serving physicians, hospitals and patients in approximately 160 countries. The company is focused on collaborating with stakeholders around the world to take healthcare Further, Together.

Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results. 

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