Merap and Lion announce strategic partnership

The agreement marked a significant turning point of Merap since its establishment with the vision of becoming a leading healthcare company in Vietnam. The signing ceremony also took place around the 50^th anniversary of Japan and Vietnam’s diplomatic relations.

Merap Group and Lion Corporation sign Master Investment Agreement. Dao Xuan Dinh, co-founder and chairman of Merap and Itsuo Hama, chairman of Lion Corporation

Specialising in research and development and consumer understanding, Merap Group has an advantage in manufacturing innovative products that are technologically advanced in Vietnam.

Meanwhile, Lion Corporation, Merap’s strategic partner from Japan, possesses significant strengths in research and development (R&D), global/Japanese standard technologies, high-quality product portfolio with various international brands, global corporate network and a worldwide distribution platform.

Under the strategic partnership, Merap Group and Lion Corporation will strategically exchange expertise while embracing the cultures and values of each other.

The strategic partnership with Lion is expected to help Merap enhance its quality to the standard of J-GMP (equivalent to EU-GMP quality standard), maximising the efficiency and competitiveness of Merap's healthcare products. The Japanese-quality products of Lion will be gradually reach Vietnamese consumers, leveraging the extensive coverage of Merap's distribution channel.

The signing ceremony was witnessed by Merap and Lion’s representatives

Dinh Xuan Dao, chairman of Merap said, "The strategic partnership with Lion Corporation (Japan) via M&A is a demonstration of Merap's relentless efforts to become a leader in Vietnam’s healthcare sector. This marks the transformation of our business model, which changes from a traditional pharmaceutical company into a healthcare company. We are confident that Lion Corporation will elevate Merap's brand position in domestic and international markets."

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