PHNOM PENH, Cambodia, Oct. 5, 2026 /PRNewswire/ -- Maybank (Cambodia) Plc. and the Malaysia Healthcare Travel Council (MHTC) have concluded MH WellFest Cambodia 2026 at Borey Peng Huoth Eco Park in Phnom Penh. With Peng Huoth as venue partner, the two-day event brought together Cambodian families, 14 participating Malaysian hospitals, healthcare specialists and ecosystem partners. Endorsed by the Embassy of Malaysia in Phnom Penh, MH WellFest Cambodia 2026 welcomed around 2,000 visitors and almost 800 runners.
The event demonstrated how stronger ASEAN connectivity can make cross-border healthcare more accessible and easier to navigate. By bringing Malaysia Healthcare's specialist expertise, quality care, healthcare providers and patient support together with financial and wellbeing solutions, MH WellFest Cambodia 2026 allowed visitors to explore healthcare options in Malaysia with greater clarity and confidence.
Visitors engaged directly with representatives from the 14 participating Malaysian hospitals to discover Malaysia's healthcare expertise, specialist capabilities, healthcare facilities and range of care pathways, including health screening, preventive care and treatment options. The Wellness Discovery Hub also featured 5 health talks, giving visitors a more informed starting point to understand their healthcare options and navigate care in Malaysia.
"MH WellFest Cambodia 2026 was designed around a simple question: how can we make it easier for Cambodian families to take a confident next step when health matters?" said Rath Sophoan, Chief Executive Officer and Country Head, Maybank Cambodia. "The event connected families with the people, expertise and options behind Malaysia's healthcare institutions, while bringing financial readiness into the same conversation. The value for customers is clear: more clarity, more choice and a stronger support system around the people they care about most."
MHTC, operating under the mandate of Malaysia's Ministry of Health, worked with participating hospitals to showcase Malaysia's comprehensive healthcare ecosystem and patient-centred care.
"Healthcare travel begins with trust, understanding and confidence in the care available," said Dato Suriaghandi Suppiah, Chief Executive Officer, Malaysia Healthcare Travel Council. "Malaysia Healthcare brings together quality care, specialist expertise, accessible healthcare options and a patient experience shaped by genuine hospitality. MH WellFest Cambodia 2026 created a direct bridge between Cambodian visitors and this ecosystem, allowing them to meet Malaysian healthcare teams, learn from specialists and gain greater clarity and confidence as they consider care across borders."
Participating hospitals introduced visitors to their facilities and healthcare capabilities, while presenting exclusive offers and arrangements for event participants. The direct engagement enabled families to have more practical conversations about health check-up plans, specialist services, treatment pathways and healthcare planning for loved ones. Beyond healthcare discovery, WellFest Live brought families together through children's activities, family games, live performances, Malaysian food, lifestyle experiences, travel inspiration and partner showcases. The programme created a welcoming environment where conversations about health and future planning could take place alongside meaningful family time.
The WellFest Run, featuring 5KM and 10KM distances under the theme "Every Step for You," brought together almost 800 participants around a shared belief: staying well is also a promise to remain present for the people who matter most. "The growing connectivity between Malaysia and Cambodia is creating new opportunities for families to access trusted expertise, services and experiences across borders," said H.E. Shaharuddin Onn, Ambassador of Malaysia to Cambodia. "MH WellFest Cambodia 2026 reflects this progress by linking Cambodian communities directly with Malaysia's healthcare institutions and specialists. The event further reinforces people-to-people ties while enhancing awareness of Malaysia as a health tourism destination.
Maybank's engagement extended the healthcare conversation into broader family wealth and protection planning. Visitors explored the Bank's range of cross-border payment solutions, EzyPay instalment options, insurance and financing propositions that can support healthcare planning, treatment, travel and longer-term family aspirations. Maybank cardmembers were also able to enjoy selected Malaysian healthcare, travel, dining, retail and lifestyle privileges, supporting a more seamless journey for customers considering Malaysia for care, recovery or meaningful time with loved ones.
MH WellFest Cambodia 2026 marks an important milestone in Maybank Cambodia and MHTC's shared ambition to strengthen cross-border healthcare connectivity and create more informed, confident and supported journeys for Cambodian families. As ASEAN continues to grow as an interconnected region, Maybank is evolving alongside it by creating meaningful connections across borders and expanding beyond traditional banking to deliver a regional ecosystem that supports customers' healthcare and broader lifestyle needs across ASEAN.
For media inquiries and further information, please contact:
Muhammad Rasydan Bin Ma'at
Head of Unit, PR and Media Unit Communications
+603 8776 6168
rasydan.m@mhtc.org.my
Mohamad Shahizam Fauzi
Head, Communications
+603 8776 6168
shahizam.f@mhtc.org.my
Qazreen Chan Abdullah
Chief Operating Officer
+855 16 201 234
qazreen@maybank.com
Mer Chanpolydet
Head, Marketing & Branding
+855 17 324 727
chanpolydet.mer@maybank.com
About Maybank Cambodia
Established in 1960, Maybank is the largest financial services group in Malaysia with a strong presence across the ASEAN region. Maybank Cambodia, founded in Phnom Penh in 1993, has grown from a single branch to become a locally incorporated bank in 2012. As one of Cambodia's top banks, Maybank offers a comprehensive range of financial services, including corporate, commercial, consumer, internet, and mobile banking. The bank operates in Phnom Penh and major provinces with a network of 21 branches.
Maybank's website: https://www.maybank2u.com.kh/
About Malaysia Healthcare Travel Council
Malaysia Healthcare Travel Council (MHTC), established in 2009 under the purview of the Ministry of Health (MOH) Malaysia, is entrusted with developing and nurturing the "Malaysia Healthcare" brand. MHTC enhances, coordinates, and promotes Malaysia's healthcare travel industry by fostering industry collaborations and building valuable public-private partnerships both domestically and internationally. With 91 member hospitals nationwide, MHTC continues to elevate the healthcare travel ecosystem through strong branding, seamless patient experiences, and strategic market initiatives. In line with these efforts, MHTC is spearheading the Malaysia Year of Medical Tourism (MYMT) 2026, the nation's first dedicated year to celebrate and advance healthcare travel. MYMT 2026 serves as a milestone initiative to showcase Malaysia's world-class healthcare offerings, strengthen its position as the premier global healthcare destination, and highlight the industry's significant contribution to the national economy.
MHTC's website: https://www.malaysiahealthcare.org.
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MH WellFest Cambodia 2026 Marks a New Chapter in ASEAN Healthcare Connectivity
- Mass production began in 2017, with cumulative investment reaching approximately USD 1.9 billion and cumulative revenue reaching approximately USD 25 billion, helping strengthen Vietnam's industrial competitiveness
- A decade of growth alongside Vietnamese talent, helping cultivate Vietnam's high-tech manufacturing workforce
- Expanding from Optical Solutions to Semiconductor Substrates, Becoming LG Innotek's Largest Global Production Hub
- CEO Moon Hyuksoo: "We will strengthen our High Performance Portfolio with our Vietnam production subsidiary at the center and accelerate our transformation into a global solutions company."
HAI PHONG, Vietnam and SEOUL, South Korea, Oct. 5, 2026 /PRNewswire/ -- LG Innotek's production subsidiary in Hai Phong, Vietnam, has marked its 10th anniversary.
LG Innotek (CEO Moon Hyuksoo, 011070) announced on the 5th that its production subsidiary in Hai Phong, Vietnam, held a commemorative event at its local facility to mark the 10th anniversary of its establishment.
The event was attended by CEO Moon Hyuksoo and other executives of LG Innotek, as well as key officials from Hai Phong City, including the Hai Phong Party Secretary, mayor and deputy mayor of Hai Phong, and chairman of the Hai Phong Economic Zone Authority (HEZA).
Held under the theme "10 Years Built Together, Shaping the Future Together," the event was organized to reflect on the growth and achievements of LG Innotek's Vietnam production subsidiary over the past decade and reaffirm its commitment to becoming the largest production hub driving the company's future core businesses.
LG Innotek's Vietnam subsidiary was established in September 2016. Over the past 10 years, it has grown into a core production hub for the company's optical solutions camera module business through continuous investment, production capacity expansion, and local talent cultivation.
Currently, the Vietnam subsidiary recorded approximately USD 4.1 billion in revenue in 2025. As LG Innotek's largest overseas production subsidiary, it is contributing to the company's efforts to solidify its position as a global leader in materials and components while also contributing to the development of Vietnam's electronic components industry and the local economy.
- Mass production began in 2017, with cumulative investment having since reached approximately USD 1.9 billion and cumulative revenue reaching approximately USD 25 billion, helping strengthen Vietnam's industrial competitiveness
Since 2016, LG Innotek has been actively expanding its overseas production bases to diversify its global supply chain and establish a stable camera module supply system. After carefully comparing and evaluating several candidate locations, the company ultimately selected Hai Phong, Vietnam, as the location for its new optical solutions plant. This decision was based on Vietnam's high-quality workforce, flexible industrial environment, competitiveness of its special economic zones, and potential business synergy with nearby LG Group affiliates.
Immediately after the establishment of its subsidiary in 2016, LG Innotek began construction of a new factory. In particular, the company introduced northern Vietnam's first highly advanced cleanroom capable of ultra-precision manufacturing, elevating the manufacturing competitiveness of its production subsidiary to the global level. As a result, the company quickly obtained customer approval in September 2017 and began full-scale mass production of camera modules for new mobile models.
Since then, the Vietnam subsidiary has continued to expand its facilities and production capacity in response to growing global customer demand, evolving into a core production hub for LG Innotek's optical solutions business. In particular, by establishing stable supply capabilities based on a high-quality, high-efficiency production system, it has established itself as a key pillar of the global electronic components supply chain.
Since starting with a workforce of 800 employees, the Vietnam subsidiary has grown into LG Innotek's largest global production base, with a total floor area of 242,600 square meters and 6,500 employees. Over the past 10 years, cumulative investment has reached approximately USD 1.9 billion, and cumulative revenue has reached approximately USD 25 billion.
- A decade of growth alongside Vietnamese talent, helping cultivate Vietnam's high-tech manufacturing workforce
The passion and expertise of local employees have played a pivotal role in the growth of LG Innotek's Vietnam production subsidiary.
Over the past 10 years, LG Innotek has continuously invested in recruiting and developing local talent, alongside expanding its production capacity. The company has actively cultivated specialized personnel in core areas such as development, production technology, manufacturing, and quality control. Today, local employees account for 99 percent of the approximately 6,500 employees at its Vietnam subsidiary.
In particular, leadership in key organizations has been rapidly localized, with local leaders such as office managers and on-site supervisors taking the lead in organizational operations. Reflecting this, the proportion of local leaders in key positions has reached 87 percent.
In addition, LG Innotek has remained dedicated to cultivating talent in Vietnam's high-tech manufacturing sector by operating industry-academia collaboration initiatives, internships, practical training, and recruitment programs in partnership with local universities.
LG Innotek's Vietnam subsidiary has signed memorandums of understanding (MOUs) with major local universities, including Hanoi University of Science and Technology, Vietnam National University (Hanoi), and Da Nang University of Science and Technology. Through these partnerships, the company is actively investing in the development of talent who will lead future high-tech industries by offering various recruitment-linked programs, including contract degree programs, internships, and career guidance.
- Expanding from Optical Solutions to Semiconductor Substrates, Becoming LG Innotek's Largest Global Production Hub
Leveraging the manufacturing competitiveness it has accumulated over the past decade and Vietnam's skilled local workforce, LG Innotek plans to actively expand its Vietnam production subsidiary into a global manufacturing hub that drives the company's core businesses.
Currently, the Vietnam subsidiary serves as a leading global production hub for LG Innotek's optical solutions business, supporting supply to the global market. LG Innotek intends to continuously strengthen its local R&D capabilities in an effort to simultaneously enhance both production and technological competitiveness, all while expanding its role as a strategic production base for future growth businesses.
Furthermore, LG Innotek is developing its semiconductor substrate business as a core future growth engine, leveraging the high-density, ultra-precision substrate technology it has accumulated over the past 50 years. In particular, the company is strengthening its business competitiveness by focusing on high-value-added semiconductor substrates, including FC-CSP, FC-BGA, and RF-SiP, and aims to grow its package solutions business into a business generating USD 740 million in operating profit by 2031.
To this end, LG Innotek selected Hai Phong, Vietnam, as a hub for expanding semiconductor substrate production last June and began construction of a new factory. The initial investment is approximately USD 1 billion, and the facility is scheduled for completion in May 2027. The company also plans to continue expanding investments to strengthen production capacity in line with market demand and business growth. The new factory will produce high-value semiconductor substrates, including FC-CSP, FC-BGA, and RF-SiP.
In particular, Korean production lines are operating near full capacity due to an increase in new orders for semiconductor substrates from global customers, driven by the recent boom in the semiconductor market. LG Innotek plans to use the new factory in Vietnam as a springboard to expand its production capacity, proactively meet demand from its domestic and international customers, and further strengthen its global business competitiveness.
Moving forward, LG Innotek will expand its Vietnam production subsidiary into a global hub for cutting-edge electronic components, encompassing both optical solutions and semiconductor substrates, through close cooperation with Hai Phong City.
Hai Phong Deputy Mayor Le Trung Kien said, "LG Innotek has been operating in Hai Phong for the past 10 years and has contributed significantly to the region's industrial development and economic growth," adding, "In particular, we highly commend the company for providing new growth momentum for Hai Phong by developing high-tech manufacturing and creating quality jobs." He continued, "On behalf of Hai Phong City, I would like to express my deep gratitude to LG Group and all LG Innotek executives and employees."
CEO Moon Hyuksoo remarked, "The growth of our Vietnam production subsidiary into a core production base for LG Innotek was made possible by the trust and support of the Vietnamese government, Hai Phong City, our customers, and all our employees." He continued, "Going forward, we will further strengthen our competitiveness in future growth businesses, including optical solutions and semiconductor substrates, centered on our Vietnam subsidiary, and further accelerate our transformation into a solutions company driven by our High Performance Portfolio."
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LG Innotek's Vietnam Production Subsidiary Marks Its 10th Anniversary, Emerges as LG Innotek's Largest Global Manufacturing Hub
LG Innotek's Vietnam Production Subsidiary Marks Its 10th Anniversary, Emerges as LG Innotek's Largest Global Manufacturing Hub
