Mekong Enterprise Fund IV has become a shareholder of TNH Hospital Group Joint Stock Company to increase access to high-quality yet affordable healthcare across Vietnam.

Ho Chi Minh City, Vietnam (10 March 2025) – Mekong Capital is pleased to announce that the Mekong Enterprise Fund IV (MEF IV) has officially become a shareholder of TNH Hospital Group Joint Stock Company, one of the pioneering private hospital systems in healthcare, delivering high-quality medical services at affordable costs.

TNH Hospital Group Joint Stock Company (TNH), formerly known as Thai Nguyen International Hospital Joint Stock Company, was established in 2012 and officially changed its name in July 2024. TNH’s senior leadership team includes Doctor Hoang Tuyen, Chairman of the Board of Directors, and People’s Doctor – Senior Doctor Le Xuan Tan, Vice Chairman of the Board of Directors and General Director.

With its headquarters in Thai Nguyen City – the economic and medical center of the Northern midlands and mountains region, TNH has expanded significantly with a modern hospital system across multiple locations after more than 10 years of development, including 700 licensed hospital beds, over 800 staff members, of which more than 600 doctors, nurses, midwives, and technicians with high professional qualifications at 3 facilities:

• Thai Nguyen International Hospital (400 hospital beds) – A pioneering unit in the system, offering premium service.
• Yen Binh Thai Nguyen General Hospital with a project scale of 300 hospital beds (Phase I approved for 150 beds) – Meeting healthcare needs for the area with numerous industrial parks in Pho Yen City, Thai Nguyen.
• TNH Viet Yen Hospital (Bac Giang) with a project scale of 300 hospital beds (Phase I approved for 150 beds) – Providing comprehensive healthcare, meeting the needs of major industrial parks and all citizens.

With a long-term development strategy, TNH aims to become a comprehensive healthcare ecosystem, including medical examination and treatment services, proactive healthcare, preventive medicine, rehabilitation, and training of high-quality medical personnel.

By 2030, TNH’s vision is to build an international standard hospital system with smart hospital models, optimizing customer experience and increasing community service value. The company’s target is to expand to 10 general and specialized hospitals nationwide with 3,000 hospital beds, serving 1.6 million visits/year. The rate of personnel meeting professional and management standards (according to Ministry of Health evaluation criteria) reaches 4.6/5 standard and performance standards increase by 5%/year.

Sharing about the strategic partnership between TNH and Mekong Capital, Dr. Hoang Tuyen – Chairman of the Board of Directors of TNH stated:

“The partnership with Mekong Capital marks an important milestone in TNH’s development strategy. With extensive experience in finance and investment, Mekong Capital will accompany TNH in expanding business, optimizing operations, and improving healthcare service quality. We believe that the combination of TNH’s medical expertise and Mekong Capital’s strong resources will create practical value for the community and contribute to raising healthcare standards in Vietnam.”

Chris Freund, Founder and Partner at Mekong Capital, also emphasized:

 “We have spent more than 10 years looking at potential hospital investments and couldn’t find the right one – until now. The senior leadership of TNH, led by the Chairman Dr. Tuyen, and CEO Dr. Tan, have created a bold vision for the future of TNH, which Mekong Capital is really excited to be part of. We look forward to working with them for TNH to become a nationwide chain, increasing people’s access to affordable yet high-quality health care throughout Vietnam.”