Vietnam's state-controlled Vinapharm aims to double stake in Sanofi Vietnam by Q2
Vietnam Pharmaceutical Corporation (Vinapharm), with the state holding a 65% stake, aims to double its stake in the Vietnamese arm of France’s pharmaceutical giant Sanofi to 30% by the second quarter of this year.
The planned increase in ownership would make Sanofi Vietnam an affiliate of Vinapharm (UPCoM: DVN), general director Han Thi Khanh Vinh announced at the 2025 AGM on Monday.
In addition to increasing its holding in Sanofi Vietnam, Vinapharm will continue to maintain or raise its stakes in high-performing businesses with strong growth potential, Vinh added.
Regarding an MoU signed with South Korea’s pharmaceutical company Celltrion last year, Vinapharm is in talks with the partner to promote the exclusive distribution of Celltrion products in Vietnam, the executive added.
Vinapharm holds its 2025 AGM on April 21, 2025. Photo courtesy of the firm.
For 2025, the company targets consolidated revenue of VND5.97 trillion ($229.75 million) and a pre-tax profit of VND465 billion ($17.9 million), based on the expectation that the Sanofi Vietnam stake increase will be completed by Q2.
According to a report by IQVIA, Vietnam’s pharmaceutical market recorded a compound annual growth rate (CAGR) of 10.5% between 2015 and 2024 and is projected to reach $10 billion by 2026.
Vietnam currently has more than 238 pharmaceutical factories meeting WHO-GMP standards and 17 factories certified under EU-GMP standards, primarily focusing on the production of generic drugs.
In addition, there are 5,144 wholesale drug establishments and 66,727 retail outlets nationwide.
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