After setting foot in the automobile manufacturing industry, Vingroup, the leading real estate group in the country, shows ambitions to jump into the $5.3 billion pharmaceutical sector. Vingroup invests $96.5 million in pharmacy Vingroup has just published on its website that it established Vinfa JSC and will spend VND2.2 trillion ($96.5 million) to develop a pharmaceutical manufacturing and research centre in the northern province of Bac Ninh’s Gia Binh district. Accordingly, the first priority of the centre is studying and manufacturing oriental medicine remedies of Vietnamese origins to serve the domestic market and exports. Besides, Vinfa will manufacture healthy food, vaccines, and medical equipment meeting international standards. In 2016, Vietnam spent $2.5 billion importing pharmaceuticals, $200 million of which were used to import brand-name drugs from French, Germany and the US. In addition, it will co-operate with partners from the US, Europe, and … [Read more...] about Vingroup invests $96.5 million to break into pharmacy segment
Vingroup
Vingroup enters pharmaceutical industry with Vinfa
Conglomerate Vingroup has announced its entry into the pharmaceutical industry with its Vinfa brand. Along with pharmaceutical research, manufacturing, trading and export-import tasks, Vinfa will focus on the preservation, research and development of traditional Oriental medicines with origins in Vietnamese herbs. Following the success of the Vinmec Medical System and realising the expansion plan in the healthcare sector, Vingroup has established Vinfa Joint Stock Company in the pharmaceutical business, along with an investment to build Vinfa Drug Research and Production Centre in Gia Binh District, Bac Ninh Province. With a total investment of VND2.2 trillion (US$97.7 million), the project’s first phase will be built in an area of nearly 10ha following international standards, including research, production, logistics and support works, according to Phan Thu Huong, chairman of the Vinfa’s Board of Directors. With investment from Vingroup, the entire production process at … [Read more...] about Vingroup enters pharmaceutical industry with Vinfa
Vingroup signs cooperation deal with Cornell, Penn universities
Viet Nam News HÀ NỘI — Property developer Vingroup today signed a strategic cooperation agreement with two of the top 20 leading universities in the world, US-based Cornell and Pennsylvania (Penn). The agreement, signed 28 days after the group announced its intention to join the higher education field by establishing VinUni University (VinUni), is part of efforts to create a breakthrough in higher education quality in Việt Nam. “The agreement aims to realise our commitment to building VinUni as a non-profit private Vietnamese university built on par with international standards, integrating with the elite model of higher education in the world,” said Vingroup Vice Chairman and CEO Nguyễn Việt Quang at the signing ceremony. “We wanted to create a breakthrough in the quality of higher education in Việt Nam, contributing to the country’s socio-economic development in coming years,” said Quang. Under the framework … [Read more...] about Vingroup signs cooperation deal with Cornell, Penn universities
Vingroup signs cooperation deal with Cornell, Pennsylvania universities
Viet Nam News HÀ NỘI — Property developer Vingroup today signed a strategic cooperation agreement with two of the top 20 leading universities in the world, US-based Cornell and Pennsylvania State. The agreement, signed 28 days after the group announced its intention to join the higher education field by establishing VinUni University (VinUni), is part of efforts to create a breakthrough in higher education quality in Việt Nam. “The agreement aims to realise our commitment to building VinUni as a non-profit private Vietnamese university built on par with international standards, integrating with the elite model of higher education in the world,” said Vingroup Vice Chairman and CEO Nguyễn Việt Quang at the signing ceremony. “We wanted to create a breakthrough in the quality of higher education in Việt Nam, contributing to the country’s socio-economic development in coming years,” said Quang. Under the framework … [Read more...] about Vingroup signs cooperation deal with Cornell, Pennsylvania universities
Vingroup launches promotional programme for VinID cardholders
Viet Nam News HÀ NỘI — Property developer Vingroup has launched a“365 Happy Days” programme worth up to VNĐ100 billion (US$4.4 million) for VinID cardholders. Each month, VinID will spend over VNĐ4 billion directly on the promotion of products and services and another VNĐ4 billion on lucky draws with thousands of prizes. By shopping and using the points service throughout the Vingroup system,VinID cardholders will be able to participate in the super promotions every day and have the opportunity to win thousands of valuable prizes. “365 Happy Days” is a special promotion programme for April, with one promotional theme every week: Vinpearl (Week 1), VinPro (Week 2), Vinschool and Vinmec (Week 3) and VinMart supermarkets and VinMart + convenience stores (Week 4). The special prize for the first week is a three-days and two-nights’stay at the Presidential Suite Villa in Vinpearl Phú Quốc Resort, … [Read more...] about Vingroup launches promotional programme for VinID cardholders