Bidiphar
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| Binh Dinh Pharmaceutical & Medical Equipment Joint Stock Company | |
Native name | Công ty Cổ phần Dược - Trang thiết bị Y tế Bình Định |
| Company type | Public |
| Industry | Pharmaceutical Manufacturing |
| Owner | Binh Dinh People Committee |
Bidiphar (also BIDIPHAR, Vietnamese: Công ty dược Trang Thiết Bị Y Tế Bình Định) is a pharmaceutical company headquartered in Quy Nhon, Vietnam. 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).[1]
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.[2] The company suffered from the abolition of state provision in 1988. Inputs were lacking, debts were high (at VND 250m) and the equipment obsolete.[3] However, it was able to adjust, expanded the scale of production and diversified.[3]
Business outside Vietnam
Bidiphar was the first company from Binh Dinh Province to cooperate and invest in southern Laos - its first joint venture was set up in 1994 in Champasak Province with an investment of US$2m, of which Bidiphar contributed 80%.[4] By 2007, Bidiphar also owned a total of 8000ha of plantations in Laos, growing rubber, coffee, and Oolong tea.[2] As of 2010, it has a second joint venture in Laos.[3]
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.[3] It has been relatively successful in Laos and Cambodia and has also been exploring opportunities in Myanmar.[1]