On April 10 Vingroup said in its website that it had established Vinfa JSC and would spend VND2.2 trillion ($96.5 million) to set up a 10 hectare drug manufacturing and research centre in Gia Binh District in the northern province of Bac Ninh. — Photo Vingroup After making an entry into the automobile manufacturing industry, Vingroup, the country’s leading property company, has set its sights on the US$5.3 billion pharmaceutical sector. On April 10 Vingroup said in its website that it had established Vinfa JSC and would spend VND2.2 trillion ($96.5 million) to set up a 10 hectare drug manufacturing and research centre in Gia Binh District in the northern province of Bac Ninh. The first phase is scheduled to be launched in the third quarter of this year with research, production, logistics, and support facilities. The first priority of the centre is research into and production of traditional medicines of Vietnamese origin for both the domestic and export markets. Besides, Vinfa will make functional food, vaccines, and medical equipment of international standards. It will collaborate with partners from the US, Europe and Australia to acquire know-hows and technologies and import drugs to distribute in Viet Nam. The Vinfa plant… Read full this story
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