What OPC Pharmaceutical does

OPC Pharmaceutical Joint Stock Company (HOSE: OPC) is a Vietnamese herbal pharmaceutical manufacturer founded on October 24, 1977 through the merger of eight private pharmaceutical institutes in Saigon under Ministry of Health decision. Headquartered in Ho Chi Minh City, the company controls a vertically integrated value chain spanning 12 GACP-WHO certified medicinal herb cultivation regions across Vietnam, standardized extraction operations at its OPC Bắc Giang subsidiary, GMP-WHO certified manufacturing, and direct distribution through nine regional branches covering all Vietnamese provinces. Its product portfolio spans therapeutic categories including respiratory (HoAstex-S, Cao Sao Vàng), urinary/kidney (Kim Tiền Thảo), nervous system (Mimosa), digestive/liver (Liverbil, Inberco, LIVER D-TOX), musculoskeletal, cardiovascular, and endocrine treatments, alongside health supplements (Sanolin 20, Ngọc Linh Ginseng products) and a growing functional beverage line (GEN Z Kombucha, Gen V).

The company generates revenue primarily through one-time sales of pharmaceutical products, functional foods, herbal extracts, refined ethanol (via OPC Bình Dương subsidiary), and ancillary real estate/transportation operations. Distribution combines direct sales through 9 regional branches with sales representatives (trình dược viên) covering all provinces, pharmacy and hospital partnerships, supermarket chains, three owned retail stores in Ho Chi Minh City, an e-commerce platform (shop.opcpharma.com) serving all 63 provinces, and export channels to traditional markets (Nigeria, Laos, Cambodia, Philippines, Russia, Moldova) plus emerging markets (Canada, South Korea, Thailand, Myanmar). 2025 consolidated revenue reached 1,124.55 billion VND (approximately $45M USD), up 16% year-over-year, crossing the 1,000 billion VND threshold first achieved in 2021. The company is publicly listed on HOSE since 2008, with charter capital exceeding 640 billion VND and market capitalization exceeding 1,500 billion VND as of 2022.

The customer base is diversified across mass-market Vietnamese consumers seeking herbal-based medicines and supplements, B2B healthcare institutions (hospitals, clinics, pharmacies), and international export partners. Recent strategic emphasis has shifted toward functional beverages and supplements targeting younger demographics (GEN Z Kombucha, Gen V), deeper international market penetration via Korean and Canadian partnerships, and technology infrastructure modernization including 2024 SAP-ERP implementation and R&D Center inauguration. The company holds multiple industry awards including National Brand recognition (2008-2024), Vietnamese Medicine Star (2014-2024), High Quality Vietnamese Goods (1998-2025), and National Quality Award Gold (2023).

Name

OPC Pharmaceutical

Legal name

Công ty Cổ phần Dược phẩm OPC

Website

https://opcpharma.com

Company type

Public

Founded year

1977

Operating status

Operating

Headcount range

501–1,000 employees

Short description

OPC Pharmaceutical is a Vietnamese herbal pharmaceutical manufacturer (HOSE: OPC) founded 1977, controlling 12 GACP-WHO certified cultivation regions and GMP-WHO manufacturing to produce traditional medicines, health supplements, and functional beverages for mass-market Vietnamese consumers, healthcare institutions, and export markets across 10+ countries.

Ownership category

akta.pro rank

Product category

Herbal Pharmaceutical Manufacturing

NAICS

Medicinal and Botanical Manufacturing (325411), Pharmaceutical Preparation Manufacturing (325412), Pharmaceutical and Medicine Manufacturing (3254), Drugs and Druggists' Sundries Merchant Wholesalers (424210)

SIC

Medicinal Chemicals & Botanical Products (2833), Pharmaceutical Preparations (2834), Wholesale-Drugs, Proprietaries & Druggists' Sundries (5122)

akta.pro primary industry

Herbal & Botanical Supplements (CRADAGAD)

akta.pro secondary industry

Cold, Flu, Cough & Allergy Remedies (Decongestants, Antihistamines, Cough Syrups, Lozenges) (CRADAMAD)

Keywords

• Herbal pharmaceuticals
• Pharmaceutical manufacturing
• Traditional medicine
• Health supplements
• Medicinal herbs

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices13 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Pharmaceutical Products: OPC manufactures and sells pharmaceutical products including traditional medicine, Eastern medicine, and natural-origin drugs. Product categories span cardiovascular, respiratory, urinary, musculoskeletal, digestive/liver, endocrine, pain relief/inflammation, vitamins/minerals, and external use medicines.
2. Functional Foods and Health Supplements: Production and sale of functional foods, health supplements, and wellness beverages including Gen Z Kombucha, Gen V herbal drinks, SANOLIN 20 ginseng extract, bird's nest products, and various tonics.
3. Herbal Extracts and Raw Materials: OPC controls the entire herbal value chain from cultivation to extraction, producing standardized herbal extracts (cao dược liệu chuẩn hóa) for internal use and potential supply to other pharmaceutical manufacturers.
4. Refined Ethanol: OPC Bình Dương subsidiary produces refined ethanol 96% (VD-23996-15) meeting Vietnamese Pharmacopoeia V standards, along with Ethanol 99.5%, 70%, 90%, 76% variants for pharmaceutical, food, cosmetics, and medical industries.
5. Real Estate and Other Operations: OPC also engages in real estate business, transportation, electricity, and production/sale of alcoholic beverages and carbonated drinks.

Pricing tiers

Go-to-market motion2 records

Distribution channels6 records

Marketing channels6 records

Core offering

OPC Pharmaceutical manufactures and markets a diverse portfolio of herbal-based pharmaceutical products including traditional medicines, Eastern medicines, and natural-origin drugs covering cardiovascular, respiratory, urinary, musculoskeletal, digestive/liver, endocrine, pain relief, and external use categories. The company also produces functional foods, health supplements, and refined ethanol at GMP-WHO certified facilities, controlling the entire value chain from GACP-WHO certified medicinal herb cultivation through standardized extraction to finished products.

Product overview

OPC Pharmaceutical is a Vietnamese pharmaceutical company with nearly 50 years of history offering a diverse portfolio of herbal-based medicines, health supplements, and wellness products. The company operates as a single unified brand with multiple product lines across therapeutic categories including respiratory (HoAstex-S, cough medicines), urinary (Kim Tiền Thảo for kidney stones), digestive (Liverbil, Inberco, Cholapan), cardiovascular, musculoskeletal, endocrine, and nervous system treatments. The product portfolio includes both prescription medicines and health supplements, featuring signature products like Cao Sao Vàng balm, Mimosa sedative tablets, and Sanolin 20 with Ngọc Linh Ginseng. Recent innovations include fermented herbal beverages (GEN Z Kombucha, Gen V) targeting younger consumers and functional beverages like Atiso and Liver D-TOX. The company controls the entire value chain from GACP-WHO certified herbal cultivation through GMP-WHO certified manufacturing to final products.

Differentiator

Problem solved

Functional benefit

Brands

• HoAstex: Cough syrup product line for respiratory health
• Mimosa
• Cao Sao Vàng
• Kim Tiền Thảo
• GEN Z Kombucha
• Gen V

Products and services

• HoAstex-S Cough syrup for children and adults, relieving cough in sore throat, bronchitis, and respiratory tract inflammation. Contains natural herbal ingredients including Plectranthi amboinici and Oroxylum extract.
• GEN Z Kombucha - Fermented Herbal Beverage Fermented herbal beverage targeting Gen Z consumers, combining traditional herbs with modern fermentation technology for wellness support.
• Gen V Herbal Beverage Herbal beverage product line for daily wellness consumption.
• Kim Tiền Thảo OPC (Film-coated Tablets) Kidney stone treatment medication using Desmodium styracifolium extract. Indicated for urinary tract stones and kidney stones, suitable for diabetic patients.
• Cao Sao Vàng (Golden Star Balm) Topical balm for cold symptoms, headache, nasal congestion, nausea, motion sickness, muscle aches, and insect bites. Contains camphor, menthol, and essential oils.
• Mimosa Sedative Tablets Sedative tablets for insomnia, nervous exhaustion, and sleep disorders. Contains Mimosa pudica, Nelumbini nucifera, and Passiflora foetida extracts.
• Sanolin 20 Health supplement with Vietnamese Ngọc Linh Ginseng extract (Panax vietnamensis), supporting energy, fatigue reduction, and immune enhancement.
• Sâm Ngọc Linh Yến Sào OPC Premium health tonic combining Ngọc Linh Ginseng (over 6 years old) and bird's nest for immune support, fatigue reduction, and skin improvement.
• Ruton Herbal Tea Bags Herbal tea bags for urinary health, bowel regulation, varicose veins, hemorrhoids, constipation, and blood pressure support. Contains Houttuynia cordata and Sophora japonica extracts.
• OPC Pediatric Cough Syrup Pediatric cough syrup for respiratory infections, productive cough, and sore throat. Contains traditional herbal ingredients including Eriobotrya japonica and Platycodon grandiflorus.
• OPC Adult Cough Syrup Adult cough syrup for respiratory tract infections with menthol and cineol for soothing effect.
• Cao Ích Mẫu Liquid extract for irregular menstruation, menstrual pain, and menopausal symptoms. Contains Leonurus japonicus, Cyperus rotundus, and Artemisia vulgaris.
• Eucalyptus Essential Oil OPC Eucalyptus essential oil for topical use, providing warming effect and respiratory support.
• Massage Liniment Alcohol Topical massage alcohol for muscle pain relief and blood circulation improvement.
• Liverbil Liver and digestive health supplement.
• Inberco Digestive Tract Tablets Digestive tract health supplement.
• Cholapan OPC Gastric Tablets Gastric health supplement.
• Vitamin C 500mg / 1000mg Vitamin C supplements in effervescent and tablet forms for immune support.
• Eucalyptus Oil OPC "Mother and Baby" Eucalyptus oil product line for mother and baby, providing gentle respiratory support.
• Herbal Inhaler OPC Herbal inhaler for respiratory relief and nasal congestion.
• OPC Bird's Nest - Steamed with Rock Sugar Steamed bird's nest with rock sugar for nutrition and beauty support.
• OPC Bird's Nest - Children's Nutritional (Kiddi) Children's nutritional bird's nest product for kids' health development.
• Liver D-TOX Liver detoxification health supplement.
• OPC Artichoke Beverage Artichoke (Atiso) beverage for liver and digestive health support.
• Rhinassin Nasal/Sinus Tablets Nasal and sinus health tablets.
• Tussiday Cough Tablets Cough treatment tablets.
• PURINASE Health supplement for musculoskeletal health support.
• Refined Ethanol (96%, 99.5%, 70%, 90%, 76%) OPC Bình Dương subsidiary produces refined ethanol meeting Vietnamese Pharmacopoeia V standards for pharmaceutical, food, cosmetics, and medical industries. GMP-WHO certified.
• Combo Vạn Phúc Wellness Bundle Wellness product bundle combining multiple health products.
• Combo Travel Pack Wellness bundle designed for health support during travel.

Quantifiable outcome

• Revenue exceeded 1,000 billion VND in 2021
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Aribio (Hàn Quốc/Korea)coreStrategic or Co-development Partner · 1 January 2023OPC signed Memorandum of Understanding with Aribio (Korea) to leverage resources and advantages of both parties. Key focus is technology transfer and AI application in the formulation and production of health protection foods and medicines from Vietnamese medicinal herbs.
• Canadian Vita (Canada)coreStrategic or Co-development Partner · 1 January 2023OPC signed MoU with Canadian Vita to explore cooperation opportunities. Partnership aims at technology exchange and market development for health products derived from Vietnamese medicinal herbs in Canadian market.
• Samjin (Hàn Quốc/Korea)minorStrategic or Co-development Partner · 1 January 2023OPC signed MoU with Samjin (Korea) pharmaceutical company for joint research and product development cooperation in health products and medicines from Vietnamese medicinal herbs.
• Gatt Intertrade ThailandminorStrategic or Co-development Partner · 1 January 2023OPC signed MoU with Gatt Intertrade Thailand for cooperation in trading and distribution of pharmaceutical and health products in Thai market.
• Uphace (Trung ương 25)coreOthers · 1 September 2016In September 2016, OPC officially became the parent company of Trung ương 25 Pharmaceutical Joint Stock Company (Uphace), expanding its pharmaceutical portfolio and market presence.
• Khoa Dược – Trường Đại học Y Dược TP Hồ Chí MinhcoreStrategic or Co-development PartnerOPC collaborates with Faculty of Pharmacy, University of Medicine and Pharmacy HCMC on botanical identification, standard technical documentation for medicinal herbs, and extraction process research for standard substances from medicinal herbs.
• Viện Kiểm nghiệm thuốc TP Hồ Chí MinhcoreStrategic or Co-development PartnerOPC partners with HCMC Drug Testing Institute for quality control, standard testing, and research collaboration on Vietnamese medicinal herbs.
• Hợp tác xã trồng, thu mua và chế biến dược liệu Xã Tân Mỹ – Tỉnh Bắc GiangminorOthersOPC partners with agricultural cooperative in Tân Mỹ commune, Bắc Giang province for cultivation and procurement of medicinal herbs according to standard processes.

Scale indicators8 records

Recent moves10 records

Expansion highlights6 records

Direct peers

• Imexpharm Pharmaceutical JSC: Mid-sized Vietnamese pharmaceutical manufacturer focused on Western-style pharmaceutical production with national distribution. Comparable to OPC given similar HOSE listing, traditional pharma business model, and Vietnamese consumer market focus.
• Himalaya Wellness Company: Global herbal/Ayurvedic pharmaceutical and personal care company with vertically integrated herbal sourcing and branded consumer health products. Comparable to OPC through parallel herbal value chain, branded product strategy, and growing international footprint.
• DHG Pharma (Hau Giang Pharmaceutical JSC): One of Vietnam's largest pharmaceutical manufacturers with diversified pharma, supplement, and consumer health product portfolio. Comparable to OPC given shared Vietnamese market focus and broad OTC/prescription offering across therapeutic categories.
• Dabur India Limited: Leading Ayurvedic/herbal FMCG and pharmaceutical company in South Asia with consumer health products including honey, juices, and OTC remedies. Comparable to OPC through botanical ingredient control, branded herbal portfolio, and consumer health market positioning.
• Traphaco (Traphaco Joint Stock Company): Leading Vietnamese herbal pharmaceutical company with similar focus on traditional medicine manufacturing, GACP cultivation, and domestic distribution. Most directly comparable to OPC given parallel herbal value chain model and Vietnamese market focus.
• Pymepharco (Pymepharco Joint Stock Company): Vietnamese pharmaceutical company with both branded generic and traditional medicine focus, listed on Vietnamese exchanges. Comparable to OPC through similar domestic pharma market positioning and product diversification strategy.

Regional players

• Mega Lifesciences: Thailand-based pharmaceutical and consumer health company with Southeast Asian distribution across nutraceuticals, herbal medicines, and OTC products. Comparable to OPC through regional Southeast Asian market exposure and parallel herbal/nutraceutical product offerings.

Broad incumbents

• Sanofi (Vietnam operations): Global pharmaceutical multinational operating in Vietnam with broad prescription and consumer health portfolio. Comparable to OPC through competition for Vietnamese pharma market share and OTC distribution channels, though at much larger scale.
• Taisho Pharmaceutical (Vietnam): Japanese pharmaceutical company with consumer health (Lipovitan) and OTC products across Asia including Vietnam. Comparable to OPC through consumer health category overlap and Vietnamese market presence, though operating from a much larger corporate base.
• Bayer Vietnam: Global pharmaceutical and consumer health company with major Vietnamese operations across prescription, OTC, and consumer wellness. Comparable to OPC through competition in consumer health categories like vitamins, digestive health, and pain relief where both companies operate.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/CongtyduocphamOPC
• LinkedInlinkedin.com/company/opc-pharmaceutical-joint-stock-company-opc-

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OPC Pharmaceutical