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Health Care

Vietnam's biggest pharmacy to double stores to 1,000 by 2021

Pharmacity founder reveals aggressive plan to fend off rivals Vingroup and FPT

Pharmacity has approximately 500 drugstores, making the company the biggest of its kind in Vietnam. (Photo by Lien Hoang)

HO CHI MINH CITY -- Convening at a Vietnam beach resort in 2018, Pharmacity founder Chris Blank and his colleagues hatched a plan to mark the company's upcoming 10-year anniversary: Open their 1,000th drugstore in the country. 

If it reaches that marker in 2021, Pharmacity, the country's largest pharmacy chain, will have roughly doubled the number of stores it now has. After that, the goal is for 90% of Vietnamese to be within a 10-minute motorbike drive of a Pharmacity, Blank told Nikkei Asia, setting his sights on the fastest-growing health care market in Asia. 

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