VINMEC INTERNATIONAL GENERAL HOSPITAL JOINT STOCK COMPANY

VINMEC INTERNATIONAL GENERAL HOSPITAL JOINT STOCK COMPANY (Vietnamese: CÔNG TY CỔ PHẦN BỆNH VIỆN ĐA KHOA QUỐC TẾ VINMEC) is reshaping Vietnam’s healthcare landscape as the flagship private hospital system under Vingroup, one of the country’s most influential conglomerates. Established on November 30, 2012, and headquartered at No. 458 Minh Khai Street, Vinh Tuy Ward, Hai Ba Trung District, Hanoi, this high-profile medical institution operates under the tax code 0106050554.

In a country where public healthcare still dominates, Vinmec has emerged as a top-tier, premium alternative by delivering world-class medical services, leveraging cutting-edge technologies, and building a reputation for personalized care. As of the end of 2023, the company employed over 3,780 professionals across multiple hospital branches nationwide, including in Ho Chi Minh City, Khanh Hoa, and Phu Quoc.

From a financial standpoint, Vinmec recorded total sales of USD 189.14 million in 2023, showing modest growth of 0.59% year-on-year, but what truly sets this year apart is the hospital's dramatic turnaround in profitability. After consecutive years of losses, Vinmec posted a net profit of USD 20.09 million, a remarkable 153.94% increase compared to 2022, when it was still operating in the red.

This resurgence came amid slightly declining total assets, which stood at USD 288.95 million, down 2.42% from the prior year. However, owner’s equity surged to USD 85.91 million, up 30.52%, indicating stronger retained earnings and capital efficiency. Notably, Vinmec still faces liquidity pressures, with negative working capital of USD -160.5 million, which may reflect the capital-intensive nature of hospital operations and ongoing infrastructure investments.

Vinmec’s business license lists a broad range of registered activities beyond core hospital services — including retail of pharmaceuticals and medical supplies, medical device manufacturing, real estate construction, and environmental remediation services. However, its primary business remains hospital and healthcare station operations, with a strong focus on premium, customer-requested services.

The hospital is chaired by Mr. NGUYEN VIET QUANG, a seasoned executive within the Vingroup ecosystem, while Ms. LE THUY ANH serves as the General Director. Though shareholder details are not publicly disclosed in the company’s registration, Vingroup is confirmed to own 75% of the company’s equity and controls 100% of the voting rights, according to Vingroup’s 2024 financial disclosures.

With an unwavering commitment to excellence and strategic backing from its parent group, Vinmec is positioning itself to become not only Vietnam’s top private hospital chain but also a regional healthcare leader. As the country’s demand for high-quality, accessible healthcare rises — and as international patients look to Vietnam for affordable treatments — Vinmec's model of private, technology-driven, and premium care is gaining momentum.

In conclusion, VINMEC INTERNATIONAL GENERAL HOSPITAL JOINT STOCK COMPANY stands as a compelling success story in Vietnam’s transition toward a more modernized and diversified healthcare system. With growing profitability, increasing brand equity, and a network of world-class facilities, it represents a model for sustainable healthcare investment and delivery in emerging markets.