FPT Retail, Japanese partners to invest in health food factory

According to the terms of the Memorandum of Understanding, FPT Digital Retail Joint Stock Company (FPT Retail), Pharma Foods International (PFI), and Sato Connect Gate (SCGate) will collaborate to build a healthcare food factory in Huu Thanh Industrial Park in the southern province.

The first products are expected to be launced in 2024.

FPT Retail, Pharma Foods International, and Sato Connect Gate sign a MoU on on investment in health food factory in Long An province. Photo by FPT Retail

The factory will begin construction in accordance with the GMP standards of Vietnam's Ministry of Health and the World Health Organization (WHO), using 100% qualified ingredients in both Japan and Vietnam.

This GMP factory is expected to support all partners in producing high-quality health food products under Japanese standards at reasonable prices for users in Vietnam. The products will be distributed via FPT Long Chau pharmacy chain nationwide.

PFI, a world leading company in fusion of pharmaceutical and food technology founded in 1997 in Kyoto, Japan, will develop food ingredients and create products formula.

FPT Retail, an affiliate of FPT Vietnam Corporation, and SCGate, mainly operating in the field of health and beauty, import and distribution, will take care of production infrastructure and distribution of products to domestic and international markets.

Hoang Trung Kien, CEO of FPT Retail, said: "Japanese health foods are particularly well-suited to Asians in general, and Vietnamese in particular. This collaboration between us will commit to bringing world-quality items, at Vietnamese costs, to care for the wellbeing of Vietnamese."