ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Business

Japan's Taisho Pharma buys into Vietnamese drugmaker

TOKYO -- Taisho Pharmaceutical has acquired a 24.5% stake in Vietnam's largest drugmaker, looking to use the local company's distribution network to expand sales there.

The purchase, announced Tuesday, makes the Taisho Pharmaceutical Holdings unit the second-largest shareholder of Duoc Hau Giang Pharmaceutical, trailing only State Capital Investment Corp., the government fund that invests in Vietnamese state-owned enterprises. The Japanese company is thought to have spent around 10 billion yen ($98.4 million) on the deal.

Taisho Pharmaceutical has a plant in Vietnam that produces Lipovitan brand products, so strengthening the sales network in the country has been a priority. Vietnam's pharmaceutical market is projected to rise more than 10% annually, one of the highest growth rates in Southeast Asia, and is expected to exceed 400 billion yen in 2019.

(Nikkei)

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends June 30th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media