Thai Nguyen International Hospital

What Thai Nguyen International Hospital does

Thai Nguyen International Hospital (TNH Hospital Group, HOSE: TNH) is a publicly traded Vietnamese private hospital operator headquartered in Thái Nguyên, building a multi-facility healthcare network across Northern Vietnam. Founded in 2014 and listed on the Vietnam Stock Exchange in 2021, the group operates four facilities — the flagship Bệnh viện Quốc tế Thái Nguyên, TNH Phổ Yên, TNH Việt Yên (Bắc Ninh), and TNH Lạng Sơn — with 1,000+ beds, 200+ doctors and specialists, and 1.8M+ cumulative patients served. Its stated ambition is to reach 10 facilities and 3,000 beds by 2030, backed by Mekong Enterprise Fund IV (entered March 2025).

The group's clinical footprint spans 14+ specialties (internal medicine, surgery, pediatrics, obstetrics-gynecology, ophthalmology, ENT, dermatology, traditional medicine, rehabilitation, among others) and combines routine acute care with differentiated procedural lines: Phaco cataract surgery, hip replacement, anesthetized GI endoscopy, hemorrhoid laser surgery, mechanical (Protaper Gold/Next) endodontics, REZUM water vapor therapy for BPH (first-in-Vietnam deployment), and IVF delivered via a January 2024 partnership with Bệnh viện Mỹ Đức and its RTAC-certified IVF system. The in-house laboratory holds ILAC-MRA-recognized ISO certification, and the diagnostic stack includes MRI, CT, ultrasound, X-ray, and functional exploration systems.

TNH generates revenue predominantly through fee-for-service clinical activity across six streams: medical consultation/treatment, diagnostics, inpatient care, surgical procedures, health checkup packages (including corporate contracts for industrial-zone employers), and BHYT-covered services. Distribution is a hybrid of consumer-direct channels (walk-in, website/app booking, 1900 8035 hotline, Facebook/YouTube/TikTok) and enterprise accounts (corporate health programs), with pricing set by hospital fee schedules rather than disclosed publicly. The 2025 financials — a sharp revenue contraction and a net loss — versus continued facility expansion indicate an operationally aggressive growth phase whose economics are still being validated.

Name

Thai Nguyen International Hospital

Legal name

Công ty Cổ phần Tập đoàn Bệnh viện TNH

Website

https://tnh.com.vn

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

TNH Hospital Group (HOSE: TNH) is a Vietnamese publicly listed private hospital operator running a four-facility, 1,000+ bed network across Northern Vietnam (Thái Nguyên, Bắc Ninh, Lạng Sơn), serving over 1.8 million patients with 200+ specialists across 14+ clinical specialties, targeting 10 facilities and 3,000 beds by 2030.

Ownership category

akta.pro rank

Product category

Hospital Healthcare Services

NAICS

General Medical and Surgical Hospitals (622110)

SIC

Services-Hospitals (8060), Services-General Medical & Surgical Hospitals, Nec (8062)

akta.pro primary industry

Community & Regional General Hospitals (HLAFAAAB)

akta.pro secondary industry

Ophthalmic Specialty Hospitals (HLAFAHAJ)

Keywords

• Private hospital services
• Healthcare diagnostics
• Surgical procedures
• Inpatient care
• Medical examinations

Headquarters

HQ city

Thái Nguyên

HQ country

Vietnam

HQ region

Asia

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Medical Consultation and Treatment Services: Revenue from medical consultations, examinations, and treatments across multiple specialties including internal medicine, surgery, pediatrics, obstetrics, ophthalmology, and more.
2. Diagnostic Services: Revenue from diagnostic imaging (MRI, CT, X-ray, ultrasound), laboratory tests, and functional exploration procedures.
3. Inpatient Care: Revenue from hospital admissions, room fees (including VIP rooms), and inpatient treatment services.
4. Surgical Procedures: Revenue from various surgical procedures including Phaco cataract surgery, laparoscopic surgery, hip replacement, and specialized surgeries.
5. Health Checkup Packages: Revenue from comprehensive health examination packages for individuals and corporate clients.
6. Health Insurance (BHYT) Services: Revenue from health insurance-covered services, accepted across all facilities for eligible patients.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Thai Nguyen International Hospital (TNH Hospital Group) operates a network of four hospitals in Northern Vietnam providing comprehensive medical services including general health examinations, anesthetized gastrointestinal endoscopy, Phaco cataract surgery, maternity and childbirth packages, hip replacement surgery, IVF fertility support, REZUM water vapor therapy for BPH, and laser hemorrhoid surgery. The system serves over 1.8 million patients with 200+ medical specialists across 14+ clinical departments covering internal medicine, surgery, pediatrics, obstetrics-gynecology, ophthalmology, ENT, dermatology, and traditional medicine.

Product overview

TNH Hospital Group (Công ty Cổ phần Tập đoàn Bệnh viện TNH) operates a multi-facility hospital system across four locations in northern Vietnam: Bệnh viện Quốc tế Thái Nguyên, Bệnh viện TNH Phổ Yên, Bệnh viện TNH Việt Yên, and Bệnh viện TNH Lạng Sơn. The hospital network provides comprehensive medical services including general health checkups (Khám sức khỏe tổng quát), anesthetized endoscopy of the digestive tract (Nội soi gây mê đường tiêu hoá), Phaco cataract surgery (Phẫu thuật mắt Phaco), maternity and childbirth packages (Thai sản và sinh con trọn gói), artificial hip replacement (Thay khớp háng nhân tạo), IVF fertility support, Rezum water vapor therapy for BPH, laser hemorrhoid surgery, and mechanical root canal treatment. The system serves over 1.8 million patients with 200+ medical specialists across 14+ clinical departments including Internal Medicine, Surgery, Pediatrics, Obstetrics-Gynecology, Ophthalmology, ENT, Dermatology, and Traditional Medicine.

Differentiator

Problem solved

Functional benefit

Products and services

• Comprehensive General Health Examination (Khám sức khỏe tổng quát) Comprehensive general health examination service including physical examination, blood tests, urinalysis, X-rays, ECG, and abdominal ultrasound for early disease detection. Targeted at individuals and corporate clients seeking preventive health screening.
• Anesthetized Gastrointestinal Endoscopy (Nội soi gây mê đường tiêu hoá) Anesthetized endoscopy service for the digestive tract, providing painless and comfortable examination with professional care and reasonable costs. Aimed at patients requiring upper/lower GI tract diagnostic evaluation.
• Phaco Cataract Surgery (Phẫu thuật mắt Phaco) Modern cataract surgery using ultrasound to emulsify and aspirate the cloudy lens, replacing it with an artificial intraocular lens. Features fast surgery time, small incision, painless procedure, and quick visual recovery. For patients with cataracts seeking vision restoration.
• Maternity and Childbirth Package (Thai sản và sinh con trọn gói) Comprehensive maternity and childbirth package with experienced obstetrics and gynecology specialists providing complete prenatal and postnatal care for mother and baby. Targeted at expectant mothers and families.
• Artificial Hip Replacement Surgery (Thay khớp háng nhân tạo) Hip replacement surgery that helps patients achieve complete pain relief, rapid mobility recovery, and return to normal daily activities. For patients with severe hip joint conditions requiring surgical intervention.
• IVF Fertility Support (Hỗ trợ sinh sản - IVF) In vitro fertilization (IVF) and fertility support services through partnership with My Duc Hospital's IVF system (RTAC-certified since 2016), bringing advanced reproductive technology to the midland and northern mountainous regions. For couples facing fertility challenges.
• REZUM Water Vapor Therapy for BPH (Liệu pháp hơi nước Rezum) Minimally invasive water vapor therapy for treating benign prostatic hyperplasia (BPH), FDA-approved technology. TNH is the first hospital system in Vietnam to invest in and deploy this next-generation treatment. For male patients with BPH seeking non-surgical alternatives.
• Laser Hemorrhoid Surgery (Phẫu thuật Laser điều trị trĩ) Laser surgery for hemorrhoid treatment offering minimal pain and rapid recovery, applicable for grade 2-3 hemorrhoids. For patients with hemorrhoids requiring minimally invasive surgical intervention.
• Mechanical Root Canal Treatment (Điều trị tủy bằng file máy) Root canal treatment using mechanical filing systems with Protaper Gold and Protaper Next technology at TNH Phổ Yên, providing precise, safe, and gentle treatment compared to traditional methods. For dental patients requiring endodontic therapy.
• Corporate Health Checkup Programs Comprehensive periodic health examination packages for businesses and industrial zone employees, including on-site services for corporate clients. For HR and operations managers seeking occupational health and wellness services.

Quantifiable outcome

• 1.8M+ patients served across the hospital system
• +2 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Bệnh viện Mỹ Đức (My Duc Hospital)coreStrategic or Co-development Partner · 19 January 2024TNH Hospital signed a cooperation agreement with Bệnh viện Mỹ Đức for technology transfer in assisted reproduction (IVF). Bệnh viện Mỹ Đức owns the My Duc IVF System which achieved RTAC (Reproductive Technology Accreditation Council) international quality certification since 2016.

Scale indicators6 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Vinmec Healthcare System: Vietnam's largest private hospital chain operated by Vingroup, operating multiple full-service hospitals across major cities including Hanoi and HCMC. Directly comparable as a multi-facility Vietnamese private hospital network offering similar general and specialty services.
• Hoan My Medical Corporation: One of Vietnam's largest private hospital networks with facilities across the country, providing general and specialty inpatient care. Directly comparable in business model (multi-facility private hospital operator) and Vietnamese market focus, though with broader geographic coverage.
• FV Hospital: JCI-accredited international-standard private hospital in Ho Chi Minh City offering multi-specialty inpatient and outpatient care. Comparable as a private Vietnamese hospital emphasizing international quality standards and advanced technology, though based in a major metro rather than a regional market.
• City International Hospital: Private multi-specialty hospital in Ho Chi Minh City operated by City International Hospital Group, offering general and specialty care with international standards. Comparable as a Vietnamese private hospital targeting quality-conscious patients, though focused on HCMC.
• An Sinh Hospital: Private general hospital in Ho Chi Minh City offering multi-specialty inpatient and outpatient services with modern equipment. Comparable to TNH as a Vietnamese private hospital operator with similar service mix including maternity, surgery, and diagnostics.

Regional players

• Phuong Chau International Hospital: Private hospital group with facilities in the Mekong Delta region of Vietnam, focusing on obstetrics, gynecology, and general healthcare. Comparable as a regional Vietnamese private hospital operator, though serving a different geographic area (Southern Vietnam).
• Bumrungrad International Hospital: Leading international multi-specialty hospital in Bangkok, Thailand, serving both domestic and medical tourism patients. Comparable as a Southeast Asian private hospital operator emphasizing international standards and specialty services, though much larger and focused on medical tourism.
• Raffles Medical Group: Integrated private healthcare provider in Singapore and broader Asia, operating hospitals and clinics with international quality standards. Comparable as a regional Southeast Asian private hospital operator, though more diversified across geographies and service lines.

Broad incumbents

• Bangkok Dusit Medical Services (BDMS): Thailand's largest private hospital network operating multiple brands across Bangkok and other cities. Comparable as a multi-facility Southeast Asian private hospital operator with specialty services, though at much larger scale and primarily focused on Thailand.
• IHH Healthcare Berhad: One of the world's largest healthcare groups operating hospitals across Malaysia, Singapore, Turkey, and India. Comparable as a publicly-listed multi-country private hospital operator, though at vastly larger scale and with international footprint beyond Vietnam.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@tnh-hospital-group
• Facebookfacebook.com/benhvienquoctethainguyen
• TikToktiktok.com/@tnh.hospital.group

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Thai Nguyen International Hospital