MEDTRONIC VIETNAM COMPANY LIMITED

MEDTRONIC VIETNAM COMPANY LIMITED (CÔNG TY TNHH MEDTRONIC VIỆT NAM) is a foreign-invested limited liability company established on 04 February 2016 and registered with the Ho Chi Minh City Department of Finance. The company operates under Business ID 0313651200 and Tax Identification Number 0313651200. Its head office is located on the 11th Floor, Tower B, Royal Center Building, No. 235 Nguyen Van Cu Street, Cau Ong Lanh Ward, Ho Chi Minh City, Vietnam. 

Ownership and Corporate Structure

The company operates as a fully foreign-owned enterprise (FDI). It is 100% owned by COVIDIEN INTERNATIONAL FINANCE S.A., a Luxembourg-based entity within the global Medtronic group. Paid-up capital stands at approximately USD 4.78 million. With approximately 111 employees, MEDTRONIC VIETNAM operates primarily as a commercial and distribution arm in Vietnam’s medical technology market.

Management and Leadership

The company is led by Mr. VERHULST P. C. (General Director), a Dutch national. As executive head, he oversees commercial operations, regulatory compliance, and distribution activities in Vietnam’s healthcare sector.

Core Business Activities

MEDTRONIC VIETNAM specializes in the wholesale distribution of medical equipment and machinery, with a focus on advanced medical devices and healthcare technology solutions. Registered business activities are concentrated exclusively on the wholesale of machinery and equipment, reflecting a streamlined operational model centered on distribution rather than manufacturing.

As part of a global medical technology group, the company supports hospitals, clinics, and healthcare providers with specialized medical equipment and solutions.

Financial Performance Overview

Total assets amount to USD 37.37 million, reflecting a slight contraction compared to the previous period. Owner’s equity stands at USD 5.19 million, showing a marginal decline.

Revenue reached USD 80.95 million, demonstrating strong growth and expanding market penetration in the medical equipment distribution sector.

One of the most critical financial developments is the return to a net loss position. The company recorded a loss of USD 107,394 despite rising sales. This indicates margin pressure or higher operating expenses, possibly driven by distribution costs, regulatory compliance, or market expansion.

Working capital stands at USD 3.63 million, down significantly from the previous period. The reduction suggests tighter liquidity conditions as sales volume increases.

Commercial Expansion and Margin Pressure

MEDTRONIC VIETNAM COMPANY LIMITED demonstrates strong revenue growth supported by global brand backing and rising demand for medical technology in Vietnam. However, declining profitability and reduced working capital highlight operational pressures in a competitive, compliance-intensive healthcare market.

Sustained performance will depend on improving margin efficiency, managing operating costs, and strengthening short-term liquidity while maintaining growth in Vietnam’s expanding medical device sector.