Thursday,  May 13, 2021,22:37 (GMT+7) 0 0
FPT Retail to open Long Chau pharmacies nationwide
By Minh Chi
Wednesday,  Mar 27, 2019,18:43 (GMT+7)

FPT Retail to open Long Chau pharmacies nationwide

By Minh Chi

A Long Chau pharmacy in HCMC’s District 7 - PHOTO: LONG CHAU

HCMC - FPT Digital Retail JSC (FPT Retail) has announced an ambitious plan to open 50 new Long Chau pharmacies this year and then some 100-200 additional ones in each of the next few years to popularize the brand nationwide.

At the company’s annual shareholder meeting held today, March 27, in HCMC, FPT Retail Chairwoman and CEO Nguyen Bach Diep announced the firm’s business plans for this year, including the target to increase the number of Long Chau pharmacies by 2022 and enhance pharmaceutical sales.

Specifically, the company expected to have 72 Long Chau pharmacies this year, and the number was projected to surge to hundreds by 2022.

As the pharmaceutical sector is promising, FPT Retail will invest heavily in the business this year, particularly in logistics services and human resources.

Pharmaceutical products are distributed through hospitals, clinics and drug stores. FPT Retail has set a target to distribute 30% of pharmaceutical products through drug stores within the next three to four years.

Also, Long Chau pharmacies are expected to generate revenue of some VND10 trillion (US$431.2 million), making up 40% of FPT Retail’s revenue.

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