Buymed and Sanofi Vietnam enter strategic partnership
Buymed and Sanofi Vietnam have officially signed a strategic partnership agreement aimed at jointly developing a sustainable pharmaceutical market and fostering community well-being through enhanced professional training activities.
On March 6, Buymed Co., Ltd. (thuocsi.vn) and Sanofi Vietnam JSC signed a Memorandum of Understanding to collaborate on creating a sustainable and price-stabilized market. Through this partnership, both parties aspire to enable pharmacies, drugstores, and clinics to easily access healthcare and pharmaceutical products from Sanofi via the thuocsi.vn platform, thereby contributing to the improvement of community healthcare services.
Following two years of successful commercial cooperation with remarkable results, the two companies have elevated their relationship to strategic partners as of 2024. This partnership includes the official authorized distribution of Sanofi products, notably Phosphalugel and Magne B6, to traditional pharmacies through the thuocsi.vn e-commerce platform. Key areas of collaboration include:
- Expanding the distribution of new products, such as healthcare products and over-the-counter (OTC) pharmaceuticals, with a particular focus on Sanofi’s exclusive products distributed via thuocsi.vn, including Phosphalugel and Magne B6. This will ensure that traditional pharmacies, drugstores, and clinics have convenient access to the latest and genuine pharmaceutical products from Sanofi.
Photo: Buymed
Speaking at the signing ceremony, Mr. Vuong Dinh Vu, Co-founder and Chief Commercial Officer of Buymed, expressed: “In the future, thuocsi.vn aims to further deepen its collaboration with Sanofi Vietnam and other pharmaceutical corporations, both domestic and international, to not only deliver sustainable business benefits to all parties but also to contribute to building a more transparent and sustainable pharmaceutical market. We aspire to leverage our distribution network to bring high-quality products to pharmacies and clinics, transforming traditional distribution channels and enhancing healthcare quality across all regions to maintain the standard of living.”
Sharing at the ceremony, Mr. Kevin Doak, General Manager of Consumer Healthcare at Sanofi Vietnam and Cambodia, stated: “We are delighted that both Buymed and Sanofi will continue to strengthen our collaboration towards the sustainable development of the pharmaceutical market. According to our internal data, in the first two months of 2024, Buymed and Sanofi have collectively reached a milestone of covering 11,000 to 12,000 pharmacies within the thuocsi.vn network, making it easier for consumers to access healthcare products. In 2024, I hope both sides can work even more closely to drive sustainable growth, improving the experience of pharmacies, drugstores, and clinics in accessing high-quality healthcare products, thereby enhancing the quality of consultation for consumers.”
With a range of initiatives set to be implemented in the near future, the partnership between Sanofi Vietnam and Buymed is anticipated to enhance the pharmaceutical distribution landscape in Vietnam, thereby advancing the overarching goal of promoting community health.
Thuocsi.vn, a platform owned by Buymed Co., Ltd., serves as a specialized e-commerce marketplace for pharmacies, clinics, and hospitals, connecting a network of over 1,000 esteemed pharmaceutical distributors and suppliers across the country. This strategic alliance aims to provide a robust and high-quality supply chain for more than 35,000 pharmacies in Vietnam.
In addition to implementing rigorous quality management protocols to ensure the delivery of safe and effective pharmaceutical products, thuocsi.vn is committed to continuously updating drug information and adhering to regulatory standards. This enables pharmacists to easily access vital information, enhancing operational efficiency within their establishments. The platform is dedicated to offering a seamless and trustworthy solution, assuring pharmacies of genuine products complete with proper invoicing, all under the guiding principle: “Quality Medicines, Competitive Prices, Every Product Available.”
In 2024, thuocsi.vn aims to achieve the milestone of connecting 45,000 pharmacies and drugstores while expanding its operations into Southeast Asian markets, including Cambodia, Thailand, and other countries in the region.
