On November 22, 2022, Cuu Long Pharmaceutical Joint Stock Company was issued 188bet link Decision and Investment Registration Certificate for 188bet link Project of EU-GMP standard Pharmaceutical Factory by 188bet link Long An Economic Zone Authority.
This is one of 12 typical projects of Long An province.
188bet link project of EU-GMP standard pharmaceutical factory of Cuu Long Pharmaceutical Joint Stock Company has a scale of 50,000 m2, total investment capital of VND 1,035 billion, built at Lot G-1, N2 road, Huu Thanh Industrial Park, Huu Thanh commune, Duc Hoa district, Long An province.
188bet link factory achieves production capacity of drugs and pharmaceuticals of 1.6 billion products/year, medical supplies such as syringes, needles, infusion lines, blood collection tubes, intravenous catheters, etc of 360 million production units/year.
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Cuu Long Pharmaceutical Joint Stock Company received 188bet link Investment Registration Certificate for 188bet link Project of EU-GMP standard Pharmaceutical Factory. |
This is a set of principles and standards developed and issued by 188bet link European Medicines Agency, to control activities or problems occurring at pharmaceutical manufacturing facilities, produce drugs of high quality, thereby ensuring 188bet link consumer health.
Circular 15/2019/TT-BYT issued by 188bet link Ministry of Health officially took effect in 2019, which changes 188bet link criteria for classification of drug groups included in 188bet link bid.
According to such classification criteria, drugs produced from 188bet link factories of Cuu Long Pharmaceutical Joint Stock Company are classified into groups 1 and 2. 188bet link drugs produced from EU GMP factories in Vietnam will be 188bet link first choice to replace other types of proprietary drugs and generic drugs imported.
That 188bet link project of EU-GMP standard pharmaceutical factory of Cuu Long Pharmaceutical Joint Stock Company comes into operation will create a major step for Cuu Long Pharmaceutical Joint Stock Company in affirming its competitive advantage in product quality, contributing to 188bet link development of Vietnam’s pharmaceutical industry on 188bet link world’s pharmaceutical map, and creating more jobs for local workers.
With more than 45 years of pharmaceutical operation, Cuu Long Pharmaceutical Joint Stock Company becomes a familiar and prestigious name to consumers, pharmacies and major hospitals in Vietnam’s provinces and cities.
Thanks to robust investment from 188bet link parent company, Cuu Long Pharmaceutical Joint Stock Company aims to become Vietnam’s leading prestigious pharmaceutical company which is highly appreciated by patients and 188bet link community through 188bet link diversity of product categories, satisfaction with patients’ needs for product quality, broad distribution system, thereby fulfilling 188bet link mission of connection and improvement of community life through optimal health solutions.
As of 188bet link third quarter of 2022, Cuu Long Pharmaceutical Joint Stock Company reached total assets of over VND 2,138 billion, an increase of 174% against December 31, 2015, equity of over VND 1,443 billion against December 31, 2015, an increase of 154% against 2015. 188bet link business of Cuu Long Pharmaceutical Joint Stock Company is still following 188bet link business plan approved by 188bet link General Meeting of Shareholders.
As recognized in its consolidated financial statements, for 9 months of 2022, Cuu Long Pharmaceutical Joint Stock Company achieved 188bet link accumulated net revenue of VND 670.71 billion, an increase of VND 161.86 billion against 188bet link same period last year and 188bet link after-tax profit of VND 69,081 billion.
In addition, Cuu Long Pharmaceutical Joint Stock Company continues to invest in expansion and upgrading of 188bet link factory and capacity improvement. Particularly, Cuu Long Pharmaceutical Joint Stock Company continues to implement 188bet link Capsule Factory expansion project, phase 5 with an investment of about VND 232.5 billion, thereby increasing 188bet link total capacity of 188bet link factory by 2.8 billion capsules/year.
188bet link Company also implements new construction of a medical equipment factory, with a scale of 10,846.6 m2, investment capital of about VND 350 billion, capacity of 21.5 million products/month.
Regarding 188bet link information that Cuu Long Pharmaceutical Joint Stock Company is involved in 188bet link case of lack of responsibility, causing serious consequence; Taking advantage of positions and powers while performing official duties at 188bet link Ministry of Health and related individuals and units under 188bet link judgement according to 188bet link authority, Mr. Luong Trong Hai, General Director of 188bet link Company affirmed that: “Regarding 188bet link past violations of Cuu Long Pharmaceutical Joint Stock Company when it was still a State-owned enterprise, we are always ready to cooperate with 188bet link investigation authority to comply with 188bet link law and not to affect our business activities, thereby ensuring 188bet link interests of employees, shareholders and related organizations as well as building a transparent business environment, creating 188bet link trust for investors.
Cuu Long Pharmaceutical Joint Stock Company currently operates in a normal way, achieves high growth and continues to be invested to expand its scale.
SCIC has divested from Cuu Long Pharmaceutical Joint Stock Company since 188bet link first quarter of 2015. Accordingly, along with 188bet link comprehensive restructuring plan, Cuu Long Pharmaceutical Joint Stock Company has been additionally provided with key human resources in management, operation, production, sales, etc in order to develop production and business activities and good control over 188bet link management of 188bet link company.
188bet link case occurred related to 188bet link Oseltamivir production contract between 188bet link Ministry of Health and Cuu Long Pharmaceutical Joint Stock Company), including 188bet link content of using 188bet link amount of USD 3,848,000 unpaid to 188bet link supplier after accounting for 188bet link reduction in 188bet link cost of raw materials purchased and recognition of profits in 2006, 2007, 2008.
According to a representative of Cuu Long Pharmaceutical Joint Stock Company, 188bet link Company actively coordinated so that 188bet link conclusion was soon made for 188bet link case. 188bet link violations in 188bet link Oseltamivir production case which occurred in 188bet link 2006 – 2008 period are not related to Cuu Long Pharmaceutical Joint Stock Company in 188bet link current period (188bet link 2015 – 2022 period).
According to documents submitted by Cuu Long Pharmaceutical Joint Stock Company to 188bet link authorities, Cuu Long Pharmaceutical Joint Stock Company is managed by 188bet link State and represented by SCIC in 188bet link 2006-2014 period. SCIC divested capital through trading on 188bet link stock exchange in 2015. Therefore, 188bet link violations which occurred in 188bet link 2006-2008 period are not related to Cuu Long Pharmaceutical Joint Stock Company in 188bet link current period (2015-2022).
According to 188bet link Indictment No. 4410/CT-VKSTC-V5 dated September 8, 2022 of 188bet link Supreme People’s Procuracy of Vietnam, 188bet link accounting and utilization of 188bet link amount of USD 3,848,000, equivalent to VND 61,692,238,500 were improperly performed by 188bet link individuals of 188bet link Board of Management of Cuu Long Pharmaceutical Joint Stock Company in 188bet link 2006 – 2014 period, specifically, they accounted for a decrease in cost of capital in violation of accounting principles, thereby, using such amount in 188bet link 2006 – 2014 period to pay 188bet link following items: dividends to shareholders, corporate income tax, remuneration to members of 188bet link Board of Directors, Board of Supervisors, bonus and provisions for investment funds and social welfare of 188bet link Company.
Therefore, 188bet link members of 188bet link Management Board of 188bet link Company in 188bet link 2006-2014 period and related individuals and units are being prosecuted by 188bet link Supreme People’s Procuracy of Vietnam for their violations (if any).
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