Best 40 Pharmaceutical companies in Vietnam

The Pharmaceutical companies in Vietnam are among the fastest growing industries in Asia and is expected to be worth ~10 billion in 2020.

Demand for high-quality medicines has been catalyzed by high economic growth, rising per capita income, and an aging population.

While the Vietnamese government encourages the domestic pharmaceutical industry, its options are limited to generics, further constrained by Vietnam’s accession to the World Trade Organization (joined in 2007), recognition and enforcement of international patent law, and a lack of research and innovation capacity.

With the current global economic disruptions caused by COVID19 and ongoing trade uncertainties with China, emerging economies such as Vietnam offer a viable option to diversify and hedge operations while providing opportunities for long-term sustainable growth for foreign multinational corporations (MNCs).

Vietnam is a fast-growing economy in Asia with a very large population. Although the Vietnamese population is still expanding (about 1.1% on average over the period 2000-2015), the Vietnamese population is expected to enter the aging phase at a very high rate.

The rapid expansion of the urban middle class and the proportion of older people have dramatically increased the demand for health goods, especially pharmaceuticals.

Since the early 1990s, the government has addressed the needs of the growing demand for healthcare. Formulation of a set of measures to promote the development of the pharmaceutical industry.

However, the implementation of this policy does not appear to have been entirely efficient as the country still has to import up to 90% of its pharmaceutical consumption.

This document aims to examine the development of the pharmaceutical industry in the years 1990-to 2015 and to identify several weaknesses in government support for the industry.

Future developments on how the Vietnamese pharmaceutical industry could increase its stake in the industry will also be discussed.

Vietnam’s Pharmaceutical market

Despite the rapid growth, Vietnam’s manufacturing capacity can only meet 53% of domestic pharmaceutical demand.

In 2018, Vietnam spent nearly $2.8 billion on importing medicines. In 2019, this expense increased by 10%. Vietnam is also heavily dependent on imported pharmaceutical materials, mainly from China with more than 60% of the demand.

According to the Vietnam Medicines Administration, as of May 2019, there were about 180 pharmaceutical manufacturing companies and 224 domestic manufacturing sites in Vietnam that adhered to Good Manufacturing Practice (GMP) standards.

National companies mainly produce simple dosage forms, functional foods, and generics (drugs whose exclusive protection has expired).

Market research firm IBM said the size of Vietnam’s pharmaceutical industry could reach $7.7 billion in 2021 and $16.1 billion in 2026. Market research firm IMS Health also predicts that per capita spending on medicines in Vietnam will rise to US$50 per person in 2020.

In addition, many large pharmaceutical manufacturing companies such as Hau Giang Pharmaceutical, Bidiphar, Imexpharm, and Pymepharco have invested in factory modernization, which they promise to make progress in the development of new national pharmaceutical products and improve competitiveness against imported products.

The General Statistical Office predicts that the number of Vietnamese aged 65 and over will reach 7.4 million in 2020, accounting for nearly 7.9% of the country’s total population and  18.1% in 2049.

According to a report by the Vietnam Social Insurance Agency,  only 60% of Vietnam’s population had health insurance in 2010, while this figure was 90% in 2019.

Another driving force for the pharmaceutical industry is rapid urbanization. The urbanized population of Vietnam will reach 36.2 million by the end of 2020, up from 33.6% in 2015 to 36.8%.

Pharmaceutical Companies in Vietnam

Find below a list of some of the pharmaceutical companies operating in Vietnam:

  • AGIMEXPHARM PHARMACEUTICAL JOINT-STOCK COMPANY

Address: 27 Nguyen Thai Hoc, My Binh Ward, Long Xuyen, An Giang Vietnam

Phone: +84-2963856960

Website: visit here

Year Started: 2004 Incorporated: 2004

  • AN PHAT HOLDINGS JOINT-STOCK COMPANY

Address: Lot CN11+CN12, An Dong Industrial Zone, Nam Sach Town, Hai Duong Vietnam

Phone: +84-2432061199

Website: click here

Year Started: 2017 Incorporated: 2017

  • APPE JV VIETNAM JOINT STOCK COMPANY

Address: Km 50, National Highway 1A, Tien Tan Ward, Phu Ly, Ha Nam Vietnam

Phone: +84-2263595202

Website: visit

Year Started: 2003 Incorporated: 2003

  • BAYER VIETNAM LIMITED

Address: Lot 118/4, Modern Long Binh Industrial Zone (Amata), Long Binh Ward, Bien Hoa, Dong Nai Vietnam

Year Started: 1997 Incorporated: 1997

  • B.BRAUN VIETNAM CO.LTD

Address: Thanh Oai Industrial Clusters, Bich Hoa Ward, Ha Noi, Ha Noi Vietnam

Phone: +84-2433571616

Website: visit

Year Started: 2007 Incorporated: 2007

  • BENTRE PHARMACEUTICAL JOINT-STOCK COMPANY

Address: 6A3, National Road 60, Phu Tan Ward, Ben Tre, Ben Tre Vietnam

Phone: +84-2753900058

Website: visit here

Year Started: 1976 Incorporated: 2004

  • BIO-PHARMACHEMIE JOINT VENTURE COMPANY

Address: 2/3 Quarter 4, Tang Nhon Phu Street, Phuoc Long B Ward, Thu Duc, Ho Chi Minh Vietnam

Phone: +84-2837313489

Website: visit

Year Started: 2008 Incorporated: 2008

  • CTCBIO VIETNAM JOINT-STOCK COMPANY

Address: Lot I5-3A, 3B High Technology Park, Tang Nhon Phu A Ward, Thu Duc, Ho Chi Minh Vietnam

Phone: +84-2837361333

Website: click here

Year Started: 2007 Incorporated: 2007

  • CUU LONG PHARMACEUTICAL JOINT STOCK COMPANY

Address: 150 Street 14 Thang 9, Ward 5, Vinh Long, Vinh Long Vietnam

Phone: +84-2703822533

Website: click here

Revenue: $28.86 million

Year Started: 1976 Incorporated: 2004

  • DANAMECO MEDICAL JOINT STOCK CORPORATION

Address: 12 Trinh Cong Son, Hoa Cuong Nam Ward, Da Nang, Da Nang Vietnam

Phone: +84-2363817137

Website: visit

Revenue: $30.13 million

Year Started: 2005 Incorporated: 2005

  • DHG PHARMACEUTICAL JOINT-STOCK COMPANY

Address: 288 Bis Nguyen Van Cu Street, An Hoa Ward, Can Tho, Can Tho Vietnam

Phone: +84-2923891433

Website: click here

Revenue: $161.49 million

Year Started: 1974

Incorporated: 2004

  • DONG A PHARMACEUTICAL TRADING COMPANY LIMITED c

Address: Lot A2 – Cn3, Tu Liem Industrial Clusters, Minh Khai Ward, Ha Noi, Ha Noi Vietnam

Phone: +84-984740826

Website: click here

Year Started: 1996 Incorporated: 1996

  • DSM NUTRITIONAL PRODUCTS VIET NAM LTD

Address: 9 Vsip Ii-A Street No 14, Viet Nam – Singapore Ii-A Industrial Zone, Vinh Tan Ward, Tan Uyen Township, Binh Duong Vietnam

Phone: +84-2742221301

Website: visit here

Year Started: 2008

Incorporated: 2008

  • HAI DUONG PHARMACEUTICAL MEDICAL MATERIALS JOINT-STOCK COMPANY

Address: 102 Chi Lang Street, Nguyen Trai Ward, Hai Duong, Hai Duong Vietnam

Phone: +84-2203853848

Year Started: 2003 Incorporated: 2003

  • HA NOI CPC1 PHARMACEUTICAL JOINT-STOCK COMPANY

Address: Ha Binh Phuong Industrial Clusters, Van Binh Ward, Ha Noi, Ha Noi Vietnam

Phone: +84-2433765503

Website: click here

Year Started: 2009 Incorporated: 2009

  • HA SAN – DERMAPHARM CO. LTD

Address: Street 2, Dong An Industrial Zone, Binh Hoa Ward, Thuan An, Binh Duong Vietnam

Phone: +84-2743768107

Year Started: 2004 Incorporated: 2004

  • HATAY PHARMACEUTICAL JOINT STOCK COMPANY

Address: 10A Quang Trung Street, Quang Trung Ward, Ha Noi, Ha Noi Vietnam

Phone: +84-1900886834

Website: Click Here

Revenue: $83.78 million

Year Started: 2001 Incorporated: 2001

  • HISAMITSU VIETNAM PHARMACEUTICAL CO., LTD

Address: 14 – 15 Street 2A, Bien Hoa 2 Industrial Zone, An Binh Ward, Bien Hoa, Dong Nai Vietnam

Phone: +84-2513836379

Year Started: 1994

Incorporated: 1994

  • IMEXPHARM CORPORATION

Address: 4 Street 30/4 Ward 1 Cao Lanh, Dong Thap Vietnam

Phone: +84-2773854958

Revenue: $58.89 million

Year Started: 2001

Incorporated: 2001

  • KHANH HOA SALANGANES NEST COMPANY

Address: 248 Thong Nhat, Phuong Son Ward, Nha Trang, Khanh Hoa Vietnam

Phone: +84-2583822472

Website: click here

Year Started: 2009 Incorporated: 2009

  • LONG SHENG INTERNATIONAL CO., LTD

Address: A1 – A2 Lot, Suoi Dau Industrial Zone, Suoi Tan Ward, Nha Trang, Khanh Hoa Vietnam

Phone: +84-2583743253

Year Started: 1999 Incorporated: 1999

  • MEDIPLANTEX NATIONAL PHARMACEUTICAL JOINT STOCK COMPANY

Address: 358 Giai Phong Street, Phuong Liet Ward, Ha Noi, Ha Noi Vietnam

Phone: +84-2438643368

Website: visit here

Year Started: 1958 Incorporated: 2005

  • MEKOPHAR CHEMICAL PHARMACEUTICAL JOINT-STOCK COMPANY

Address: 297/5 Ly Thuong Kiet, Ward 15, Ho Chi Minh, Ho Chi Minh Vietnam

Phone: +84-2838650363

Year Started: 2002 Incorporated: 2002

  • NAM HA PHARMACEUTICAL JOINT STOCK COMPANY

Address: 415 Han Thuyen Street, Vi Xuyen Ward, Nam Dinh, Nam Dinh Vietnam

Phone: +84-2283649408

Website: visit here

Year Started: 2000 Incorporated: 2000

  • NAVETCO NATIONAL VETERINARY JOINT STOCK COMPANY

Address: 29A Nguyen Dinh Chieu, Da Kao Ward, Ho Chi Minh, Ho Chi Minh Vietnam

Phone: +84-2838225063

Year Started: 1955

Incorporated: 2011

  • OLMIX ASIALAND VIETNAM COMPANY LIMITED

Address: 24, Street 26, Song Than 2 Industrial Zone, Di An Ward, Binh Duong, Binh Duong Vietnam

Phone: +84-2743728628

Year Started: 2004

Incorporated: 2004

  • OPC PHARMACEUTICAL JOINT-STOCK COMPANY

Address: 1017 Hong Bang, Ward 12, Ho Chi Minh, Ho Chi Minh Vietnam

Phone: +84-2837517111

Website: visit here

Revenue: $32.15 million

Year Started: 2002

Incorporated: 2002

  • PHARBACO CENTRAL PHARMACEUTICAL JOINT-STOCK COMPANY NO1

Address: No 160, Ton Duc Thang Street, Hang Bot Ward, Ha Noi, Ha Noi Vietnam

Phone: +84-2438454561

Website: visit here

Year Started: 1954

Incorporated: 2007

  • PHARMACEUTICAL AND VETERINARY MATERIAL JOINT-STOCK COMPANY

Address: 88 Truong Chinh Street, Phuong Mai Ward, Ha Noi, Ha Noi Vietnam

Phone: +84-913506328

Website: click here

Year Started: 1999

Incorporated: 1999

  • PYMEPHARCO JOINT-STOCK COMPANY

Address: 166 – 170 Nguyen Hue Street, Ward 7, Tuy Hoa, Phu Yen Vietnam

Phone: +84-2573829165

Website: visit here

Year Started: 2006 Incorporated: 1989

  • ROHTO-MENTHOLATUM (VIETNAM) CO., LTD

Address: 16 Vsip Street No 5, Viet Nam – Singapore Industrial Zone, Binh Hoa Ward, Thuan An, Binh Duong Vietnam

Phone: +84-2743743355

Website:visit here

Year Started: 1998

Incorporated: 1998

  • SAIGON PHARMACEUTICAL COMPANY LIMITED

Address: 18-20 Nguyen Truong To Street, Ward 13, Ho Chi Minh, Ho Chi Minh Vietnam

Phone: +84-2839400388

Year Started: 1977

Incorporated: 2010

  • SANOFI-AVENTIS VIETNAM COMPANY LIMITED

Address: No 10 Ham Nghi Street, Ben Nghe Ward, Ho Chi Minh, Ho Chi Minh Vietnam

Phone: +84-2838298526

Year Started: 1994

Incorporated: 2008

  • SAVI PHARMACEUTICAL JOINT STOCK COMPANY

Address: Z01-02-03A Lot, Trong Industrial Zones, Tan Thuan Export Processing Zone, Tan Thuan Dong Ward, Ho Chi Minh, Ho Chi Minh Vietnam

Phone: +84-2837700144

Year Started: 2005

Incorporated: 2005

  • TENAMYD PHARMACEUTICAL CORPORATION

Address: Lot Y.01 – 02A, Tan Thuan Street, Tan Thuan Export Processing Zone, Tan Thuan Dong Ward, Ho Chi Minh, Ho Chi Minh Vietnam

Phone: +84-918205696

Website: click here

Year Started: 2007

Incorporated: 2007

  • THANH HOA MEDICAL MATERIALS PHARMACEUTICAL JOINT STOCK COMPANY

Address: 232 Tran Phu, Lam Son Ward, Thanh Hoa, Thanh Hoa Vietnam

Phone: +84-2373737888

Website: click here

Year Started: 2002

Incorporated: 2002

  • TV.PHARM PHARMACEUTICAL JOINT STOCK COMPANY

Address: 27 Nguyen Chi Thanh, Group 2, Ward 9, Tra Vinh, Tra Vinh Vietnam

Phone: +84-2943855372

Website: click here

Year Started: 2003

Incorporated: 2003

  • UNITED INTERNATIONAL PHARMA CO., LTD

Address: No.16 Street No.7, Viet Nam – Singapore II Industrial Zone, Hoa Phu Ward, Thu Dau Mot, Binh Duong Vietnam

Phone: +84-2743865369

Website: click here

Year Started: 2008

Incorporated: 2008

  • VINHPHUC PHARMACEUTICAL JOINT STOCK COMPANY

Address: 777 Me Linh Street, Khai Quang Ward, Vinh Yen, Vinh Phuc Vietnam

Phone: +84-2113861233

Website: click here

Year Started: 1959

Incorporated: 2004

  • ZOETIS VIETNAM LIMITED LIABILITY COMPANY

Address: 285 Cach Mang Thang Tam Street, A Tower, Viettel Building, Room 25.04, Floor 25, Ho Chi Minh, Ho Chi Minh Vietnam

Phone: +84-2838122461

Website: visit here

Year Started: 2013

Incorporated: 2013

Frequently Asked Questions about the pharmaceutical companies in Vietnam

  •  How many pharmaceutical companies are there in Vietnam?

According to the Vietnam Medicines Administration, as of May 2019, there were about 180 pharmaceutical manufacturing companies and 224 domestic manufacturing plants in Vietnam that conformed to Good Manufacturing Practices (GMP) standards.

  • What are the Pharmaceutical demands like in Vietnam?

No less than 80% of the Vietnamese buy medicines in private and over-the-counter pharmacies. People tend to buy their medicines without a prescription.

Most of them use some information from friends and family to make decisions about which drug to buy.

  • What are the Health Issues in Vietnam?

Vietnamese people care about their health, especially those who live in cities. It has developed positively over the past three decades.

This can be seen in the significantly lower maternal mortality rates. under five are the same. In other words, this phenomenon indicates that some diseases that cause deaths have disappeared. But at the same time, Vietnam’s health problems are constantly facing some problems.

The most important thing, which is still the main concern of the solution is the existence of non-communicable diseases, such as cancer, diabetes, and cardiovascular.

  • How big and promising is Vietnam’s pharmaceutical market?

The pharmaceutical market has grown significantly and offers opportunities for new suppliers to achieve profits on the pharmaceutical market in Vietnam.

Conclusion

Currently, the drug is mainly distributed through the ETC channel, which represents 70. There are about 57,000 pharmacies across the country.

The development of the ETC channel stems from the government’s health insurance policy, which makes health insurance compulsory.

In addition, the burgeoning of private hospitals and increased health awareness has led to more people coming to the hospitals, increasing the demand for medicines.

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