JavaScript is off. Please enable to view full site.

​​Vietnam’s Vingroup to tap pharmaceutical industry with Vinfa brand

​​Vietnam’s Vingroup to tap pharmaceutical industry with Vinfa brand

Friday, May 04, 2018, 17:28 GMT+7

The company aims to produce traditional Vietnamese medicine of export quality

Multifaceted Vietnamese conglomerate Vingroup has announced it would soon extend its reach to the pharmaceutical market with its own brand Vinfa.

Vingroup, which has interests in real estate, e-commerce, healthcare, education, agriculture and automobiles among others, said in a statement on Sunday it had launched the development of a pharmaceutical research and production center in the northern province of Bac Ninh.

The first phase of the US$96.8 million project is expected to enter into operation in Q3 2018 with capabilities in research, production and logistics. Vingroup’s vision is for the center to produce both western and oriental medicine for domestic sales as well as export.

It would make in-depth investments into the research, development and conservation of traditional Vietnamese medicine, making use of medicinal herbs endemic to Vietnam, Vingroup said in its statement.

In the future, Vinfa could be the door for traditional Vietnamese medicine to be exported to foreign markets, the company claimed.

Phan Thu Huong, deputy chairwoman of Vinfa’s board of directors, said the company’s operations adhered to global standards with core values in product quality, human skills and a science-based approach to medicine.

Vingroup is Vietnam’s largest private enterprise by revenue, according to a 2017 list of the largest companies in the Southeast Asian country compiled by Vietnam Report.

It already runs Vinmec, a brand providing medical services with a network of seven international hospitals and clinics across Vietnam. 



Read more




Vietnam’s Mekong Delta celebrates spring with ‘hat boi’ performances

The art form is so popular that it attracts people from all ages in the Mekong Delta

Vietnamese youngster travels back in time with clay miniatures

Each work is a scene caught by Dung and kept in his memories through his journeys across Vietnam

Experience summer sand-boarding in Mui Ne

Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes

Latest news