FPT Retail and Japanese partners collaborate in health food factory

According to the terms of the MoU, FPT Retail, PFI, and SCGate will be collaborating to build a health food factory in Huu Thanh Industrial Park in Long An province’s Duc Hoa district.

Employing advanced production lines, the GMP factory will support all partners in producing high-quality, effective health food products under Japanese standards at reasonable prices for end users in Vietnam. The products will then be distributed on FPT Long Chau pharmacy chain nationwide.

A world-leading company in the effective fusion of pharmaceutical and food technology, PFI develops food ingredients with unique health benefits. Meanwhile, FPT Retail and SCGate are crucial in terms of production infrastructure and product distribution to domestic and international markets.

The project is dedicated to providing Vietnamese customers with top-quality health food products at Japanese standards with affordable prices.

Noriko Horie, managing director of Pharma Foods International, Hoang Trung Kien, CEO of FPT Retail, and Doan Duc Tien, director of SCGate, attended the signing ceremony.

The factory will begin construction following the GMP standards of the Ministry of Health of Vietnam and the World Health Organization (WHO), using qualified ingredients from both Japan and Vietnam. The first batch of products is slated for launch in 2024.

“Wishing to accompany the community on its journey to fulfil the mission of serving the health of the Vietnamese people, FPT Retail affirms its commitment to invest strongly in the pharmaceutical sector,” said Hoang Trung Kien, CEO FPT Retail.

“We have accelerated the nationwide expansion of the FPT Long Chau pharmacy chain to provide customers with convenience, and this project is part of that effort.”

“We started working together to invest in a high-quality factory to bring international products at reasonable prices. Japanese health foods are particularly well-suited to Asians and Vietnamese in particular. This collaboration between us commits to bringing worldwide quality items at Vietnamese cost, for the mission of caring for the wellbeing of the Vietnamese."

Pharma Foods International (PFI) was founded in 1997 in Kyoto, Japan, with the mission of ‘Sharing the Japanese experience of healthy living with the whole world.’

A member of VTM Group, Sato Connect Gate operates mainly in the field of health and beauty, imports and distribution with the mission of ‘Serving Vietnamese people with the best products and services.’

FPT Digital Retail JSC is an affiliate of local tech giant FPT Corporation, operating major retail chains in Vietnam, such as FPTShop, a retail chain of technology products including smartphones, laptops and the like. It also runs FStudio by FPT, authorised the Apple store chain, and FPT Long Chau, a major pharmacy chain with more than 1,000 outlets nationwide.

FPT Retail posted higher revenue for pharmacy and laptop retail businesses FPT Retail witnessed improving revenue for its pharmacy and laptop segments due to rising demand for drugs and laptops amidst the spike in COVID-19 infections and social distancing policies.