Bidiphar
Encyclopedia
Bidiphar is a pharmaceutical company headquartered in Quy Nhon, Vietnam
. Apart from pharmaceutical products, it also produces medical equipment.
As of 2003, Bidiphar accounted for one third of Vietnam’s exports in pharmaceuticals (US$2m for the whole industry).
The company suffered from the abolition of state provision in 1988. Inputs were lacking, debts were high (at VND 250m) and the equipment obsolete.
However, it was able to adjust, expanded the scale of production and diversified.
to cooperate and invest in southern Laos - its first joint venture
was set up in 1994 in Champasak Province with an investment of US$ 2m, of which Bidiphar contributed 80%.
By 2007, Bidiphar also owned a total of 8000ha of plantations in Laos
, growing rubber
, coffee
, and Oolong tea.
As of 2010, it has a second joint venture in Laos.
While Bidiphar serves mostly Vietnam’s domestic market (with 285 products authorized to be distributed nation-wide) it also exports to six other countries (with 70 of its products meeting export standards.
It has been relatively successful in Laos
and Cambodia
and has also been exploring opportunities in Myanmar
.
, while production is based in Quy Nhon. Products include infusion therapy, clinical nutrition and generic I.V. drugs.
Bidiphar has also set up Biotan, a joint venture with a foreign company that exploits mineral resources in Binh Dinh
, including gold.
Vietnam
Vietnam – sometimes spelled Viet Nam , officially the Socialist Republic of Vietnam – is the easternmost country on the Indochina Peninsula in Southeast Asia. It is bordered by China to the north, Laos to the northwest, Cambodia to the southwest, and the South China Sea –...
. Apart from pharmaceutical products, it also produces medical equipment.
As of 2003, Bidiphar accounted for one third of Vietnam’s exports in pharmaceuticals (US$2m for the whole industry).
History
Bidiphar's predecessor ‘Nghia Binh Pharmaceutical Enterprise II’ was set up in 1979 and merged with another state-owned enterprise in 1995 to form Bidiphar.The company suffered from the abolition of state provision in 1988. Inputs were lacking, debts were high (at VND 250m) and the equipment obsolete.
However, it was able to adjust, expanded the scale of production and diversified.
Business outside Vietnam
Bidiphar was the first company from Binh Dinh ProvinceBinh Dinh Province
Bình Định is a province of Vietnam. It is located in Vietnam's South Central Coast region.-Administration:Binh Dinh is divided into one city and 10 districts:*An Lão*An Nhơn*Hoài Ân*Hoài Nhơn*Phù Cát*Phù Mỹ*Tuy Phước*Tây Sơn*Vân Canh...
to cooperate and invest in southern Laos - its first joint venture
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
was set up in 1994 in Champasak Province with an investment of US$ 2m, of which Bidiphar contributed 80%.
By 2007, Bidiphar also owned a total of 8000ha of plantations in Laos
Laos
Laos Lao: ສາທາລະນະລັດ ປະຊາທິປະໄຕ ປະຊາຊົນລາວ Sathalanalat Paxathipatai Paxaxon Lao, officially the Lao People's Democratic Republic, is a landlocked country in Southeast Asia, bordered by Burma and China to the northwest, Vietnam to the east, Cambodia to the south and Thailand to the west...
, growing rubber
Rubber
Natural rubber, also called India rubber or caoutchouc, is an elastomer that was originally derived from latex, a milky colloid produced by some plants. The plants would be ‘tapped’, that is, an incision made into the bark of the tree and the sticky, milk colored latex sap collected and refined...
, coffee
Coffee
Coffee is a brewed beverage with a dark,init brooo acidic flavor prepared from the roasted seeds of the coffee plant, colloquially called coffee beans. The beans are found in coffee cherries, which grow on trees cultivated in over 70 countries, primarily in equatorial Latin America, Southeast Asia,...
, and Oolong tea.
As of 2010, it has a second joint venture in Laos.
While Bidiphar serves mostly Vietnam’s domestic market (with 285 products authorized to be distributed nation-wide) it also exports to six other countries (with 70 of its products meeting export standards.
It has been relatively successful in Laos
Laos
Laos Lao: ສາທາລະນະລັດ ປະຊາທິປະໄຕ ປະຊາຊົນລາວ Sathalanalat Paxathipatai Paxaxon Lao, officially the Lao People's Democratic Republic, is a landlocked country in Southeast Asia, bordered by Burma and China to the northwest, Vietnam to the east, Cambodia to the south and Thailand to the west...
and Cambodia
Cambodia
Cambodia , officially known as the Kingdom of Cambodia, is a country located in the southern portion of the Indochina Peninsula in Southeast Asia...
and has also been exploring opportunities in Myanmar
Myanmar
Burma , officially the Republic of the Union of Myanmar , is a country in Southeast Asia. Burma is bordered by China on the northeast, Laos on the east, Thailand on the southeast, Bangladesh on the west, India on the northwest, the Bay of Bengal to the southwest, and the Andaman Sea on the south....
.
Joint Ventures
Bidiphar set up a joint venture with Fresenius Kabi (Fresenius Kabi Bidiphar, FKB) in December 2008. It is managed by Fresenius Kabi and head-quartered in Ho Chi Minh CityHo Chi Minh City
Ho Chi Minh City , formerly named Saigon is the largest city in Vietnam...
, while production is based in Quy Nhon. Products include infusion therapy, clinical nutrition and generic I.V. drugs.
Bidiphar has also set up Biotan, a joint venture with a foreign company that exploits mineral resources in Binh Dinh
Binh Dinh Province
Bình Định is a province of Vietnam. It is located in Vietnam's South Central Coast region.-Administration:Binh Dinh is divided into one city and 10 districts:*An Lão*An Nhơn*Hoài Ân*Hoài Nhơn*Phù Cát*Phù Mỹ*Tuy Phước*Tây Sơn*Vân Canh...
, including gold.