| 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 (alsoBIDIPHAR,Vietnamese:Công ty dược Trang Thiết Bị Y Tế Bình Định) is apharmaceutical company headquartered inQuy 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 (atVND 250m) and the equipment obsolete.[3]However, it was able to adjust, expanded the scale of production and diversified.[3]
Bidiphar was the first company fromBinh Dinh Province to cooperate and invest in southern Laos - its firstjoint venture was set up in 1994 inChampasak Province with an investment of US$2m, of which Bidiphar contributed 80%.[4]By 2007, Bidiphar also owned a total of 8000ha of plantations inLaos, growingrubber,coffee, andOolong 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 inLaos andCambodia and has also been exploring opportunities inMyanmar.[1]
Bidiphar set up a joint venture withFresenius Kabi (Fresenius Kabi Bidiphar, FKB) in December 2008. It is managed by Fresenius Kabi and headquartered inHo Chi Minh City, while production is based inQuy Nhon. Products include infusion therapy, clinical nutrition and generic I.V. drugs.[5]
Bidiphar has also set upBiotan, a joint venture with a foreign company that exploits mineral resources inBinh Dinh, including gold.[citation needed]