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DHG Pharmaceutical Joint Stock Company
DHG Pharma makes and sells medicines, health supplements, and cosmetics in Vietnam and abroad.
DHG Pharma is one of Vietnam's oldest and best-known drugmakers. It makes the everyday medicines people buy at the pharmacy — things like pain relievers, cold and flu remedies, digestive pills, and vitamins — along with health supplements and a line of cosmetics. If you walk into a Vietnamese pharmacy, its products are hard to miss.
The company is built on a simple idea: sell trusted, affordable medicine under familiar brand names. Its best-known products are sold over the counter, so customers pay for them directly without a prescription. That gives DHG steady, repeat business — people restock the same cough syrup or stomach remedy they already trust. It also makes prescription medicines that hospitals and clinics buy, and it exports some products to other countries. Being old and trusted is the company's real advantage. DHG traces its roots back to a state-owned pharmaceutical enterprise, and generations of Vietnamese families grew up with its brands. That history built a distribution network reaching pharmacies across the country. Local rivals like Imexpharm and foreign drugmakers both compete for shelf space, but few match DHG's combination of brand recognition and reach.
The big story in recent years is ownership. Japan's Taisho Pharmaceutical bought a controlling stake in DHG, making a foreign company the majority owner of a Vietnamese household name. That pairing could bring new products and know-how — but it also raises questions about how much say minority shareholders keep. For a business selling cheap, reliable pills to millions, the real question is whether that trust and reach keep growing as competition and foreign ownership reshape the market.
Saved answer · last researched 15 Nov 2026