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Biotech companies in Vietnam

Biotech companies in Vietnam

Friday 23, 04 2021
There are currently more than 500 biotech companies in Vietnam. Moreover, many corporations and companies in other fields have started implementing investment projects related to this industry.

Vietnam’s biotech industry

Biotechnology is a combination of modern technology and biology (microorganisms, plant and animal cells), which helps produce and create high-quality biological products.

In agriculture, biotechnology is studied for the application of microbiological technology to improve the digestive system of animals and their productivity; or to develop genetically modified organism, and increase the plant's resistance to pests and weeds. This contributes to providing access to a rich, nutritious food source and higher income for people as well as protecting the soil and water environment by reducing the use of pesticides and chemicals.

In pharmacology, researching and producing vaccines that help strengthen human immunity against dangerous pathogens such as SARS, avian influenza, or hepatitis virus is the achievements of biotechnology in this field. The most prominent are pharmaceuticals derived from natural herbs such as celery seed extract in support of gout treatment, or black garlic with the use of reducing cholesterol and blood fat.

In addition, biotechnology is also applied in the field of medicine to assist in the diagnosis and treatment of pathologies, such as research and development of genomic testing techniques in the human body which helps in early diagnosis and counseling on prenatal hereditary diseases, or stem cell technology research and applications in pharmacology to support cancer treatment, cost reduction and life prolongation for patients.

According to Global Market Insights, world biotechnology industry is forecast to experience a relatively high growth rate by 2025, in which the Asia-Pacific region will see the highest growth rate of 9%.

There are currently more than 500 biotech companies in Vietnam. Moreover, many corporations and companies in other fields (VinGroup, FPT, ...) have started implementing investment projects related to this industry.

Top biotech companies in Vietnam

1. Anova Biotech

Anova Biotech Joint Stock Company is a member company of Anova Group - a corporation established in the early 90s and leading in the field of manufacturing and distributing veterinary medicine nationwide. Anova Biotech Joint Stock Company was established and started operations in May 2014.

Anova Biotech Joint Stock Company imports and distributes high-quality vaccines, veterinary drugs and herbs from reputable manufacturers in the world.

ANOVA BIOTECH

As for its parent company, Anova Corp was established in 1992, formerly known as Thanh Nhon Trading Company Limited. Since then, Anova Corp has played a leading role in providing comprehensive and optimal solutions for farmers.

2. Biotech Que Lam

Biotech Que Lam is a subsidiary of Que Lam Group Joint Stock Company (Que Lam Group), which was established in 2001, formerly known as Que Lam Private Company.

The company specializes in manufacturing fertilizers and organic agricultural products. Its products are high-quality fertilizer products, especially micro-organic fertilizers, bio-organic fertilizers, and mineral-organic fertilizers with high nutritional content suitable for many different types of plants and soil.

Biotech Que Lam

All fertilizer production lines at Que Lam Biotech factory are automated from the processing of input materials to the production of bagging and packaging, with high technology originated from Europe.

3. Biotech Vet

Biotechnology Veterinary Joint Stock Company (BiotechVET) was established in March 2005 by a group of leading scientists in the field of animal husbandry in Vietnam. The company was born in the context of the lack of synchronous development in Vietnam's livestock industry. During this time, the rate of livestock dying of disease was from 90 to 99%, causing many economic losses and greatly affecting the environment and public health. BiotechVET has researched and produced bio-products, helping to prevent and cure diseases of livestock, poultry, and aquatic animals to protect ecological environment.

Over the past 16 years of development, BiotechVET has become the leading manufacturer of highly effective veterinary bio-products in Vietnam with 88 products of all kinds.

Biotech Vet

Its products include:

- Antibody

- Antibiotics

- Nutrition

- Probiotics

- Environment treatment

Compiled by VietnamCredit

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