Health and healing from Vietnam.
Traphaco sets the bar for pharmaceutical sustainability.
Established in 1972, Traphaco Joint Stock Company (TJSC) is a Vietnam-based company involved in the manufacturing and trading of pharmaceutical products, chemicals, functional food, cosmetic products and other medical equipment and supplies. It is also involved in the cultivation and processing of drug materials, medical technology transfer, as well as the provision of consulting services in the pharmaceutical industry.
With close to 50 years of operations in the Vietnamese market, Traphaco currently owns a chain of four pharmaceutical factories that meet GMP-WHO standards. Having more than 130 products that are actively distributed nationwide over 28 of their branches, they serve more than 28,000 pharmacy customers throughout Vietnam. In addition to domestic production and distribution, Traphaco also distributes imported products and engages in technology transfer of products from Daewoong Group, the third largest pharmaceutical corporation in Korea.
Traphaco’s corporate vision is to become the number one enterprise in Vietnam’s pharmaceutical industry, in terms of revenue and profit, with the mission to pioneer manufacturing of green products that protect human health.
As a leading example of sustainable development in Vietnam, Traphaco aims to develop a green economy encompassing three goals, which are economic efficiency associated with social responsibility, and environmental protection. These three pillars are realized by their Green Value Chain process where input materials are standardized according to international standards, employing smart pharmaceutical production technology, coupled with a strong distribution system, and resulting in effective, good quality, and safe products.
Traphaco is the only pharmaceutical enterprise in the list of Top 10 sustainable enterprises in Vietnam, holding the position for three consecutive years from 2016 to 2018. They were subsequently honored for this award again in 2021. With their vision of pioneering in all fields, Traphaco’s Sustainability Report is the first report within Vietnam’s pharmaceutical industry to be recognized as the industry standard, according to the Global Reporting Initiative (GRI) Standard (2019).
In line with the United Nations’ Sustainable Development Goals (SDGs), Traphaco has since adopted six of those goals, and are committed to steering the organization in that direction, setting a target of the year 2025 to achieve them.
In their quest to fulfill goals one and three of the SDGs, Traphaco has put much focus on their contribution to the general development of society. One such effort implemented is the development of a medicinal herbs growing area, dubbed the Greenplan Project.
Through this project, Traphaco cooperates with more than 675 households to grow and collect medicinal herbs, meeting the World Health Organization’s guidelines on good agricultural and collection practices (GACP) for medicinal plants. With this, thousands of individuals subscribing to the project enjoy a stable income, resulting in employees and plant growers of this Green Value chain being guaranteed sustainable jobs.
Traphaco has also been active in public health consultations over the last 20 years, with an average of 500 health consultation conferences organized in a year. Some activities include free health care consultation, and distribution of medicine and their Healthy Living magazine to millions of members nationwide, ranging from the Elderly Association, Women’s Association, Red Cross, Veteran’s Association and many others. They are particularly active in the rural, remote and isolated areas of Vietnam, an area they feel is underserved.
Their commitment to the community was demonstrated best during the Covid-19 pandemic in Vietnam, when Traphaco was involved in numerous efforts such as the sponsoring of Covid-19 vaccines for the community, and the distribution of a Safe Medicine Bag Program, in conjunction with the Ho Chi Minh City Department of Health. They were also instrumental in designing and deploying Covid-19 mobile testing chambers to hotspots across Vietnam, alleviating the challenges faced by front line healthcare workers.
“Traphaco has considered every aspect of its business model in relation to both sustainability and national prosperity. Its Greenplan Project allows ordinary Vietnamese households to become growers and collectors of medicinal herbs which meet the World Health Organization’s guidelines on good agricultural and collection practices (GACP) for medicinal plants, thus ensuring a constant supply chain of good-quality raw materials, as well as a livelihood for partnering households.”
Shanggari Balakrishnan, Chief Executive Officer, MORS Group