Regarding Technology, Personnel as Foundation for Sustainable Development

During four decades of constant development and innovation, Imexpharm Corporation has affirmed its brand and become one of the leading brands of the Vietnamese pharmaceutical industry. Since its inception, all the staff has built up a hall of fame with many impressive achievements. Imexpharm has not only rapidly developed its business plans, spacious facilities and modern advanced machinery, but also attached great importance to taking care of the material and spiritual life of employees.

Innovation makes the name

Imexpharm always takes the lead in new technology investment and synchronous modern equipment upgrading. In 2013, Imexpharm applied SAP to its governance system and applied over eight modules, then DMS to its distribution system and most recently BASE to office work. Imexpharm's product quality complies with the strict requirements of the British Pharmacopoeia (BP), the European Pharmacopoeia (EP) and the United States Pharmacopoeia (USP), made by modern production lines and inputs imported from Europe, the United States, Japan, South Korea and others.

Imexpharm has greatly improved its stature and position in the Vietnamese pharmaceutical industry. Since its inception, with the complete consensus and effort of all the staff, Imexpharm has undergone fundamental operational changes to weather the storm to catch up with national economic development trends. Overcoming all challenges, Imexpharm's leaders have always persistently pursued the mission of providing the market with the safest, best pharmaceutical products and delivering satisfaction to the community and the whole society.

It is easy to see that all Imexpharm products, with high responsibility to the community, have enabled the development of the Vietnamese pharmaceutical industry in general and the sustainable development of the company in the future. More importantly, Imexpharm has built a sustainable production and supply chain that makes products of outstanding quality. Imexpharm has heavily invested in technology and production processes that are up to date with international standards and environmentally friendly. Therefore, Imexpharm deserved to be chosen by the Dong Thap Provincial People’s Committee as a potential actor for sustainable development. With strict compliance with all hygiene and safety principles for customers’ interests and health, Imexpharm's products have been voted "High-Quality Vietnamese Goods" by customers for many years.

2021 is forecast to be another tough year as the economy is still affected by the COVID-19 pandemic on a global scale. However, with much growth potential, the Imexpharm leadership has targeted the revenue of over VND1,530 billion, up by 10.7% from a year earlier, and the profit before tax and the Science and Technology Development Fund are expected to reach VND290 billion, up 13.7%. To achieve the targets set for 2021, Imexpharm will focus on solutions on market, input, production, cost management and human resources. As for production, the corporation will adopt Industry 4.0 to advance products and distribution systems to minimize environmental impacts.

Corporate culture as the foundation

In addition to focusing on business development, Imexpharm attaches great importance to building and developing corporate culture and considers it a golden factor for the success of the company. Along with market and economic development, building corporate culture is an essential but challenging task. Imexpharm has determined that this work is critical because the leadership and the staff are deeply devoted to embodying the Imexpharm culture.

Without a doubt, its current success comes from how Imexpharm promotes its personnel strengths. Being aware that human resources are a precious property, and the core of success and sustainable development for the corporation, Imexpharm pays great attention to creating favorable conditions for each individual to develop and maximize their capacity. In particular, the firm always seriously improves the material and spiritual life of its employees, ensuring that all of them can live and work in the best environment where they can apply their capabilities to the fullest. Each employee is encouraged, motivated, and facilitated to improve their qualifications, expertise and skills. Imexpharm has promoted scientific research movements and technical innovation initiatives, making an important contribution to technical improvement, technology application and product design diversification. From these efforts, Imexpharm has so far built a harmonious working environment and a close bond between the leadership and the staff.

The core of Imexpharm's success stems from its people. If a company is like a tree, its employees are the root system, the source that nourishes the tree to grow. If the roots are strong, the tree will grow well, bloom and bear fruits. This is the case for Imexpharm. To survive and develop, we must rely on human resources, which are seen as the driving force for growth.

To enhance governance and strengthen sustainability of Vietnam's pharmaceutical manufacturing industry, in the coming time, Imexpharm will build solutions with a focus on branding development and good relationships with traditional managers and customers, adopting appropriate business strategies and researching disease developments and treatment needs to make the best products. The corporation will concentrate on researching target customer groups to identify their specific requirements and current requirements and future needs for products in order to better meet their needs. Imexpharm has seriously improved product quality, applied solutions to reduce costs, and make products at reasonable prices and competitive prices. Besides, it has developed high-quality human resources to meet current and future business requirements.

Elite human resources, advanced technology and modern governance lay a solid foundation for Imexpharm to successfully utilize Industrial Revolution 4.0, maintain its leadership in the Vietnamese pharmaceutical industry and greatly contribute to national integration and development.

Van Luong (Vietnam Business Forum)