In its financial report to bondholders, Hoan My Medical Joint Stock Company recorded a post-tax profit exceeding 679 billion dong in 2025, a nearly 23% increase from the previous year. This marks the highest figure since the company began publicly disclosing financial data in 2021.
On average, this private healthcare enterprise earned nearly 1.9 billion dong daily. Cumulative profit at the end of the reporting period surpassed 1,000 billion dong.
As of the end of 2025, owner's equity increased by 30% to nearly 2,884 billion dong. This is also the highest figure since Hoan My Medical publicly disclosed its information. Owner's investment accounted for nearly half of this amount.
The company's liabilities totaled over 4,046 billion dong, a decrease of more than 4% compared to the end of 2024. Of this, nearly 2,415 billion dong comprised bank loans, which saw a 2.9-fold increase year-on-year.
A significant achievement was the company clearing its bond debt in 2025, having paid off 1,400 billion dong in principal and nearly 95 billion dong in interest to bondholders.
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Knee replacement surgery without tendon-muscle cutting at Hoan My Da Nang Hospital. Photo: Hoan My Medical
Hoan My Medical Joint Stock Company was established in 2007 and operates Hoan My Saigon Hospital, the first private hospital in Vietnam. The company currently owns a chain of 16 hospitals and clinics under the brands Hoan My, Hoan My Gold, Hanh Phuc, and Thuan My. They report a team of over 5,000 doctors serving 2,900 beds, handling more than 6 million patient visits annually.
Hoan My was initially founded by Doctor Nguyen Huu Tung in 1997. After significant investment in six hospitals, relying heavily on borrowed capital, the private hospital system faced bankruptcy. At that time, Tung sought investors, leading to VinaCapital and Deutsche Bank's Duxton Asset Management joining in 2009. These two funds invested 20 million USD and acquired a 44% stake.
Two years later, conflicts arose between the parties, leading to the decision to sell Hoan My to Fortis Healthcare (India) for 64 million USD, acquiring a 65% stake. However, after another two years, Fortis Healthcare decided to cede its 65% stake in Hoan My to Clermont Group, a Singapore-based investment group, making a profit of 16 million USD.
Tat Dat
