Vimedimex pharmaceutical firm releases background

Saturday, May 17, 2008
Developed from Viet Nam National Medical Products Import Export Co II (Vimedimex II), which was established in 1984, HCM City-headquartered Vimedimex made its equtisation in December 2005 with a chartered capital of 25 billion dong. So far, Vimedimex has launched five branches in Hanoi, Can Tho, Tay Ninh, Binh Duong and Da Lat.

The company that specialises in pharmaceutical materials production, export, import and distribution and real estate sector reached 2.982 trillion dong in revenue, up 18% on 2006, 18.6 billion dong from after tax profit, rising 173% against 2006 and dividend of 16% last year.

This year, the company plans to bring the figures to 2.751 trillion dong in net revenue, 24.4 billion dong in profit and 20% dividend. At the same time, Vimedimex expected to hike its chartered capital to 81.41 billion dong.

Vimedimex is carrying out four realty projects capitalised at over 620 billion dong including office buildings and medicine supermarket.

The company plans to set up medicine and pharmacy service production business development and finance investment company with a chartered capital of 200 billion dong, of which Vimedimex invests 20%.

This upcoming company together with Vimedimex will jointly carry out four investment projects above in 2008-2010 and other projects in medicine and pharmacy sectors.