On November 22nd, 2022, Cuu Long Pharmaceutical Joint Stock Company was awarded 188bet com Decision and Investment Registration Certificate for 188bet com EU-GMP Pharmaceutical Factory Project by Long An Provincial Economic Zone Management Board. This is one of 12 typical projects in Long An province.
188bet com EU-GMP standard pharmaceutical factory project of Cuu Long Pharmaceutical, with an area of 50,000 m2 and total investment capital of VND 1,035 billion, is implemented in Lot G-1, Road N2, Huu Thanh Industrial Park, Huu Thanh Commune, Duc Hoa District, Long An Province.
188bet com factory’s production capacity of drugs and pharmaceuticals reaches 1.6 billion products/year; meanwhile, medical supplies such as needles, infusion lines, blood sample canisters, venous needles … is 360 million products/year.
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Cuu Long Pharmaceutical Joint Stock Company receives 188bet com Investment Registration Certificate for EU-GMP Standard Pharmaceutical Factory Project |
In 188bet com current trend of global integration of 188bet com pharmaceutical sector, Good Manufacturing Practices – European Union (EU – GMP) is one of 188bet com highest standards of pharmaceutical factories in 188bet com world.
This is a set of principles and standards developed and promulgated by 188bet com European Medicines Agency to control activities or problems occurring at pharmaceutical manufacturing facilities to produce high-quality and healthy medicines for consumers.
In 2019, 188bet com official enforcement of Circular 15/2019/TT-BYT issued by 188bet com Ministry of Health changed 188bet com criteria in 188bet com division of drug groups participating in 188bet com bidding.
In particular, drugs produced from 188bet com factories of Cuu Long Pharmaceutical are classified in Group 1 and Group 2. Drugs manufactured from GMP EU standard factories in Vietnam will be 188bet com first choice to replace generic drugs and imported generics.
After 188bet com EU-GMP Standard Pharmaceutical Factory project comes into operation, it will create a great step forward for Cuu Long Pharmaceutical in affirming its competitive advantage in quality and products, contributing to 188bet com development of Vietnam’s pharmaceutical industry on 188bet com world pharmaceutical map and creating more jobs for local workers.
With more than 45 years of operation in 188bet com field of pharmacy, Cuu Long Pharmaceutical has become a familiar and prestigious name to consumers, pharmacies, and large hospitals in 188bet com provinces and cities of Vietnam.
Thanks to 188bet com strong investment from 188bet com parent company, Cuu Long Pharmaceutical aims to become 188bet com leading and Vietnamese pharmaceutical company most appreciated by patients and 188bet com community through a variety of product categories to meet 188bet com needs of patients for product quality and wide distribution system to, thereby, fulfill 188bet com mission of connecting and improving 188bet com lives of 188bet com community through optimal health solutions.
As of 188bet com third quarter of 2022, Cuu Long Pharmaceutical’s total assets are more than VND 2,138 billion with a growth of 174% compared to December 31st, 2015, equity of more than VND 1,443 billion compared to December 31st, 2015, and a growth of 154% compared to 2015. Currently, Cuu Long Pharmaceutical’s business activities are still taking place in accordance with 188bet com business plan approved by 188bet com General Meeting of Shareholders
Regarding 188bet com accumulated results in 188bet com first 9 months of 2022, net revenue on 188bet com consolidated financial statements of Cuu Long Pharmaceutical recorded VND 670.71 billion, an increase of VND 161.86 billion over 188bet com same period last year, while profit after tax reached VND 69,081 billion.
Along with that, Cuu Long Pharmaceutical continues to invest to expand and upgrade factories as well as increase capacity. In particular, for 188bet com Capsule Factory, 188bet com Company continues 188bet com expansion project of Phase 5 with an investment of about VND 232.5 billion to make 188bet com total capacity of 188bet com factory increase by 2.8 billion capsules per year.
For 188bet com Medical Supplies and Equipment Factory, 188bet com Company has built a new medical materials and equipment factory with a scale of 10,846.6 m2, investment capital of about VND 350 billion, and capacity of 21.5 million products/month
Regarding 188bet com issue that Cuu Long Pharmaceutical is involved in 188bet com case of irresponsibility causing serious consequences and abusing positions of authority when performing official duties occurring at 188bet com Ministry of Health and related individuals who have been trying, Mr. Luong Trong Hai, General Director of 188bet com Company affirmed that “For 188bet com past wrongdoings of Cuu Long Pharmaceutical when it was a state-owned enterprise, we are always ready to coordinate 188bet com investigation to comply with 188bet com law and not affect 188bet com company’s business activities, thereby ensuring 188bet com interests of employees, shareholders, and related organizations as well as building a transparent business environment and creating peace of mind for investors.
Cuu Long Pharmaceutical Joint Stock Company is currently operating normally, achieving high growth, and continues to be invested to expand its scale.
In 188bet com first quarter of 2015, SCIC divested its stake in Cuu Long Pharmaceutical. Accordingly, along with 188bet com comprehensive restructuring plan, Cuu Long Pharmaceutical has been supplemented with key personnel in management, administration, production, sales … aiming to develop production and business activities and well control 188bet com management of 188bet com company.
188bet com case relates to 188bet com Oseltamivir production contract between 188bet com Ministry of Health and Cuu Long Pharmaceutical, concerning 188bet com use of USD 3,848,000 unpaid to suppliers after accounting for 188bet com reduction of 188bet com cost of purchasing Oseltamivir raw materials and recording profits in 2006, 2007, and 2008.
According to 188bet com representative of Cuu Long Pharmaceutical, 188bet com Company has actively coordinated so that 188bet com case can be concluded soon. 188bet com violations in 188bet com production of Oseltamivir drugs that took place between 2006 and 2008 are not related to Cuu Long Pharmaceutical Joint Stock Company in 188bet com current period (from 2015 to 2022).
According to documents sent by Cuu Long Pharmaceutical to 188bet com authorities, in 188bet com period of 2006-2014, Cuu Long Pharmaceutical was under state management represented by SCIC. In 2015, SCIC divested through trading on 188bet com stock exchange. Therefore, 188bet com violations that took place in 188bet com period of 2006-2008 are not related to Cuu Long Pharmaceutical in 188bet com current period (2015 – 2022).
According to Indictment No. 4410/CT-VKSTC-V5 dated September 8th, 2022 of 188bet com Procuracy of 188bet com Supreme People’s Court, 188bet com accounting and use of 188bet com amount of USD 3,848,000, equivalent to VND 61,692,238,500, was decided by individuals of 188bet com Cuu Long Pharmaceutical Executive Board in 188bet com period of 2006 – 2014 to account for capital discounts, that were contrary to accounting principles. Then, they used this amount in 2006-2008 to pay dividends to shareholders, corporate income tax, remuneration to members of 188bet com Board of Directors and 188bet com Executive Board, reward, investment funds, and social welfare of 188bet com Company.
Therefore, members of 188bet com Company’s Executive Board in 188bet com period of 2006-2014 and related individuals and units are being prosecuted by 188bet com Supreme People’s Procuracy for their misconduct (if any).
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