In late December, Pharma Foods International signed a Memorandum of Understanding (MoU) to establish a joint venture with Vietnam’s FPT Digital Retail (FRT) and Sato Connect Gate by VTM Group (SCG).
The partners have agreed to jointly invest and build a health food manufacturing factory (GMP compliant) in Huu Thanh Industrial Park near Long An Province in southern Vietnam. The new plant will manufacture health foods using raw materials based on Pharma Foods International’s technology, and products will then be sold through the ‘Long Chau Pharmacy’ chain operated by FRT in Vietnam, which now has more than 1,000 stores nationwide. SCG, a trading company that handles major health and beauty brands including those from Japan, provides product ideas and directions and handles domestic distribution in Vietnam. Pharma Foods International has an ambitious goal to build a supply chain from health food production to sales in the country.
The first products from the factory are expected to be launched in 2024. The factory will begin construction in accordance with the GMP standards of Vietnam’s Ministry of Health and the World Health Organization (WHO), using 100% certified ingredients in both Japan and Vietnam. This GMP factory is expected to produce high-quality health food products under Japanese standards at reasonable prices for consumers in Vietnam.
Pharma Foods International is a world leading company in fusion of pharmaceutical and food technology founded in 1997 in Kyoto, Japan, and it develops food ingredients and create products formula.
FPT Retail, an affiliate of FPT Vietnam Corporation, and SCG mainly operate in the field of health and beauty, import and distribution, and will be in charge of production infrastructure and distribution of products to domestic and international markets.
Hoang Trung Kien, CEO of FPT Retail said, “Japanese health foods are particularly well-suited to Asians in general, and Vietnamese in particular. This collaboration between us will commit to bringing world-quality items, at Vietnamese costs, to care for the wellbeing of Vietnamese.”
