MSD HH VIETNAM LTD: A Rapidly Expanding Global Health Subsidiary in Vietnam’s Wholesale Sector

Operating from the prestigious mPlaza Saigon Building, No. 39 Le Duan Street, District 1, Ho Chi Minh City, MSD HH VIETNAM LTD (CÔNG TY TNHH MSD HH VIỆT NAM) has quickly become a key player in Vietnam’s non-specialized wholesale trade market. Officially registered on October 28, 2019, under Business ID and Tax Code 0315985784, the company is a wholly foreign-owned subsidiary of MSD Human Health Holding B.V., headquartered in the Netherlands.

The legal structure is that of a limited liability company, licensed by the Ho Chi Minh City Department of Planning and Investment. As of December 2023, MSD HH Vietnam reported a charter capital of USD 2.84 million, fully paid, and remains an active member of Vietnam’s wholesale distribution ecosystem, particularly in healthcare-related products.

The company is led by Ms. Jennifer Nicole Cox, an American national serving as Chairman of the Members’ Council cum General Director. She is supported by Mr. Chuk Ling Cheung, a board member whose international experience reflects the firm’s global integration with parent company Merck & Co. (MSD).

What sets MSD HH VIETNAM LTD apart is its explosive financial growth. In 2023 alone, revenue surged to USD 210.38 million, a 74.78% increase over the previous year. Profits nearly doubled, climbing to USD 8.03 million, while owner’s equity jumped by 81.9% to USD 17.84 million. Since 2021, revenue has grown by more than 126% per year on average, indicating strong market penetration and robust demand for the company's portfolio.

Backing these impressive figures is a significant expansion in its asset base, which rose to USD 162.91 million, up 53.78% from 2022. With working capital of USD 14.16 million, the company remains in a healthy liquidity position, further enabling its agility in procurement and supply chain management across Vietnam.

MSD HH’s registered business line is categorized under non-specialized wholesale trade, a broad license that likely facilitates the import and distribution of pharmaceuticals, health-related products, and general wholesale items. Although the company's Vietnam office is relatively new, its exponential growth and strategic headquarters in District 1 position it among the most dynamic FDI entrants in the wholesale sector.

With a strong international backbone, professional leadership, and nearly flawless year-over-year performance, MSD HH VIETNAM LTD (CÔNG TY TNHH MSD HH VIỆT NAM) reflects the trend of global healthcare giants increasing their footprint in Vietnam. As the country continues to modernize its healthcare infrastructure and consumer health markets expand, this company is well-positioned for sustained growth and sector leadership.