More than 20 years ago, when domestic cosmetic products were still completely “inferior” to imported products, Sao Thai Duong Joint Stock Company chose a different path, which was to develop products from Vietnamese herbs based on scientific research and benefits for community health. Although there was no support from the State, nor other incentives, the company was still determined to build a purely Vietnamese brand, from research to commercialization.
That choice has so far proven to be correct. The company's inventions, such as products supporting the treatment of Covid-19, or a series of herbal health care products, have affirmed their position not only domestically, but also internationally.,
When transforming into a company and equitizing, Traphaco Joint Stock Company started from almost zero: no capital, no modern technology, no professional research team. From a "small" state-owned unit, the company had to fend for itself in the context of a fiercely competitive pharmaceutical market and a flood of imported products.
When transforming into a company and equitizing, Traphaco Joint Stock Company started from almost zero: no capital, no modern technology, no professional research team. From a "small" state-owned unit, the company had to fend for itself in the context of a fiercely competitive pharmaceutical market and a flood of imported products.
Typical products developed based on indigenous medicinal herbs have demonstrated this correct direction. Traphaco Company not only masters production technology, but also lays the foundation for a scientific and technological enterprise model in the Vietnamese pharmaceutical industry. |