Enterprises amid pandemic: “From difficulty emerges wisdom” – Part 4: Supporting to combat epidemics,taking advantage of boosting production and busin

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Despite the difficulties, medical enterprises still perform their responsibilities with the community. Photo: collected

Taking advantage of opportunities

The report of Hau Giang Pharmaceutical Joint Stock Company shows that the revenue in the second quarter of 2020 reached 88.6% of the plan. The value of pharmaceutical production in the first six months of the year reached VND2,465 billion, an increase of VND82 billion (3.4%) compared to the same period in 2019 and reached 52.6% compared to the plan in 2020.

In particular, domestic goods reached 100.4% of the plan, up 101% compared to the same period in 2019.

The value of pharmaceutical production in the second quarter reached VND1,418 billion, an increase of VND227 billion (19.1%) compared to the same period in 2019.

About taking advantage of "opportunities" in production and business activities, Mr. Doan DinhDuyKhuong, General Director of DHG Pharmaceutical Joint Stock Company said that the company had closely organized the distribution and connection systemwith good customers. Focus on selling strategic and key products of the company.Besides, the company has also implemented projects to increase productivity and production efficiency to help save costs.

Another enterprise that also has a rapid breakthrough in the context of the pandemicis the Long Chau pharmaceutical retail system of FPT Digital Retail Joint Stock Company (FPT Retail-FRT). According to information from the enterprises, it is expected that the company will expand the chain to 220 stores and increase coverage nationwidethis year.

According to Mr. Hoang TrungKien, General Director of FPT Retail, the reason for the growth of the company in the context of a disease outbreak is thatthe company has focused on promoting online sales, focusing on increasing sales of the store system by introducing new products to improve sales efficiency.

Besides, FRT also optimizes store operating costs by increasing labor productivity and applying new technologies. At the same time, the company organized training, improving sales skills and customer service style of all employees. It is expected that in 2020, Pharmacity's revenue will increase by more than 230% compared to 2019.

Despite the best efforts in a difficult time to keep growth momentum, the medical enterprises still do not ignore their responsibilities to the community. The story of Vingroup's decision to invest in technology and funding formanufacturingventilators for the treatment of serious patients or help theVaccine and Biological Sole Member Limited Company No1 (VABIOTECH), Ministry of Medicineresearch and produce the Covid-19 vaccine "Made in Vietnam" is the clearest evidence for the social responsibility of many enterprises when the country is struck by a pandemic.

With effort and determination, ventilator production progress of Vin group must be considered "speedy". Specifically, it took only four weeksfrom the announcement of the production plan to the delivery of products for testing.

Going to the big ocean

The Covid-19 pandemic is still complicated in the world, so the demand for medical masks, medicines and medical products is still high. Especially, the demand for importing medical masks from countries like the US, Spain, Canada, Russia is very large. Therefore, this is a "golden time" for pharmaceutical enterprises to boost production, increase sales and profits. If the products are appreciated by countries, it will be an opportunity for Vietnamese enterprises to expand their markets.

Statistics show that the US market currently needs to import about 500 million N95 masks, 200 million masks of all kinds, 1,000 ventilators, 1 billion gloves, 100 million sets of medical robes, 50 million sets of anti-epidemic gowns from Vietnam.

Through research of reporters, from mid-February to now, DANAMECO Medical Joint Stock Corporation has had to work overtime to produce medical masks. Recently, this enterprise invested in six mask production lines due to the urgent demand for medical equipment to prevent and fight the pandemic.

Recognizing the difficulties caused by the Covid-19 pandemic, Mr. Luu Hai Minh, General Director of OIC Nano Technology said that the enterprises had tried to find their own wayin the difficulties.

Specifically, OIC Nano Technology had specialized in the manufacturing and distribution stages. Accordingly, the enterprise only performed scientific and technological research tasks, produced quality products to meet strict testing requirements of State management agencies, and distribution would hire independententerprises and organization toimplement. Each enterprise cooperating with OIC would be only responsible for distributing a few key products.

“In the past, we had a lot of work, but when evaluating and seeking development directionsin the social distancing period,we have found this solution andafter a short time of implementation, the effect is quite clearwhen OIC products sold in the market increased by about 20% compared to the time before the Covid-19 pandemic,” Mr. Luu Hai Minh said.

Also according to the General Director of OIC Nano Technology, enterprises have often thought that they would import production licenses from foreign enterprises to Vietnam, but OICwas doing the opposite. This enterprise had found a way to bring its own technology and copyright to developed countries such as the US and Europe through a Singaporean intermediary. "With such goals, we expect Vietnam's technology products will gain a foothold in the most demanding markets," said Minh.

With FPT Retail, with the long-term development plan in the future, the company will develop the pharmaceutical segment in a planned and controlled manner like the operation of a company's digital product retail system.

"The company will focus on building logistics, increasing the number of pharmacies, developing a team of staff with managerial and professional qualifications to increase operational efficiency," said Mr. Kien.

For Pharmacity, in order to meet the goal of rapidly increasing retail chains to the market, Pharmacity has learned about leading supply chain partners in Vietnam since mid-March 2020 and decided to cooperate with DH Logistic Property Companyof Vietnam belongs to Daiwa House Group (DHLP).With a professional warehouse system in Loc An - Binh Son Industrial Park (IP), Long An Commune, Long Thanh District, Dong Nai, DHLP has been selected as a strategic partner of Pharmacity, in order to provide logistics facilitiesfor this pharmaceutical system.

According to Chris Blank, General Director of Pharmacity, the new Distribution Center of Pharmacity in Loc An - Binh Son Industrial Park will meet the quantity and storage conditions for medicinal products, functional foods and fastconsumption commodities of the company.