South Korean medical device manufacturer M.I.Tech has inaugurated its first overseas production facility in Ho Chi Minh City, Vietnam. The plant will focus on the production of digestive stents, medical equipment used in gastrointestinal procedures. This marks a significant expansion for M.I.Tech, which currently supplies its products to the global market. The new facility represents a foreign investment aimed at bolstering Vietnam’s growing healthcare sector. It is expected to create jobs and contribute to the local economy. The company chose Vietnam as its first international location due to favorable investment conditions and increasing demand for medical technology in the region. This development signals a strengthening of economic ties between South Korea and Vietnam.