Bidiphar (also BIDIPHAR, vi, Công ty dược Trang Thiết Bị Y Tế Bình Định) is a

pharmaceutical company The pharmaceutical industry discovers, develops, produces, and markets drugs or pharmaceutical drugs for use as medications to be administered to patients (or self-administered), with the aim to cure them, vaccinate them, or alleviate sympt ...

headquartered in

Quy Nhon Quy Nhon ( vi, Quy Nhơn ) is a coastal city in Bình Định province in central Vietnam. It is composed of 16 wards and five communes with a total of . Quy Nhon is the capital of Bình Định province. As of 2019 its population was 457,400. Hi ...

Vietnam Vietnam or Viet Nam ( vi, Việt Nam, ), officially the Socialist Republic of Vietnam,., group="n" is a country in Southeast Asia, at the eastern edge of mainland Southeast Asia, with an area of and population of 96 million, making it ...

. 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.People's Committee of Binh Dinh Province(2007): Yearbook of Information on Enterprises in Binh Dinh Province 2007. Hanoi: Labour Publishing House The company suffered from the abolition of state provision in 1988. Inputs were lacking, debts were high (at VND 250m) and the equipment obsolete.Kim Tuyến (2010): Công ty Dược - Trang thiết bị Y tế Bình Định, 20 năm một chặng đường phấn đấu Tạp chí Công nghiệp (Journal of Industry) However, it was able to adjust, expanded the scale of production and diversified.

Business outside Vietnam

Bidiphar was the first company from Binh Dinh Province to cooperate and invest in southern Laos - its first

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

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 Rubber, also called India rubber, latex, Amazonian rubber, ''caucho'', or ''caoutchouc'', as initially produced, consists of polymers of the organic compound isoprene, with minor impurities of other organic compounds. Thailand, Malaysia, a ...

coffee Coffee is a drink prepared from roasted coffee beans. Darkly colored, bitter, and slightly acidic, coffee has a stimulating effect on humans, primarily due to its caffeine content. It is the most popular hot drink in the world. Seeds of ...

, and

Oolong tea Oolong (, ; (''wūlóngchá'', "dark dragon" tea)) is a traditional semi-oxidized Chinese tea ('' Camellia sinensis)'' produced through a process including withering the plant under strong sun and oxidation before curling and twisting.Zhonggu ...

. 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 nationwide) it also exports to six other countries (with 70 of its products meeting export standards. It has been relatively successful in Laos and

Cambodia Cambodia (; also Kampuchea ; km, កម្ពុជា, UNGEGN: ), officially the Kingdom of Cambodia, is a country located in the southern portion of the Indochinese Peninsula in Southeast Asia, spanning an area of , bordered by Thailan ...

and has also been exploring opportunities in

Myanmar Myanmar, ; UK pronunciations: US pronunciations incl. . Note: Wikipedia's IPA conventions require indicating /r/ even in British English although only some British English speakers pronounce r at the end of syllables. As John Wells explai ...

.Bao Binh Dinh (2003-11-25): Bidiphar trên đôi hài bảy dặm
/ref>

Joint Ventures

Bidiphar set up a joint venture with

Fresenius Kabi Fresenius SE & Co. KGaA is a health care company based in Bad Homburg vor der Höhe, Germany. It provides products and services for dialysis, in hospitals and inpatient and outpatient medical care. It is involved in hospital management and in ...

(Fresenius Kabi Bidiphar, FKB) in December 2008. It is managed by Fresenius Kabi and headquartered in

Ho Chi Minh City , population_density_km2 = 4,292 , population_density_metro_km2 = 697.2 , population_demonym = Saigonese , blank_name = GRP (Nominal) , blank_info = 2019 , blank1_name = – Total , blank1_ ...

, while production is based in

. Products include infusion therapy, clinical nutrition and generic I.V. drugs.European Chamber of Commerce: Corporate Profile
/ref> Bidiphar has also set up Biotan, a joint venture with a foreign company that exploits mineral resources in Binh Dinh, including gold.

References

{{reflist

External links

official website
Pharmaceutical companies of Vietnam Economy of Bình Định Province Vietnamese brands Medical technology companies of Vietnam Pharmaceutical companies established in 1979 Vietnamese companies established in 1979