SPM Corp /VN/

What SPM Corp /VN/ does

Công ty Cổ phần SPM (SPM Corp) is a Vietnamese pharmaceutical manufacturer and distributor headquartered in Ho Chi Minh City. Founded in 1993, the company has evolved from a pharmaceutical distributor into one of Vietnam's domestic producers of prescription drugs, OTC medications, health supplements, herbal/traditional medicines, and medical supplies (including antibacterial face masks). Operations are anchored by GMP-WHO and ISO 9001:2015 certified manufacturing facilities in the Tân Tạo industrial zone, with a nationwide Vietnamese distribution network reaching pharmacies and medical stores, and exports to six international markets (USA, Myanmar, Malaysia, Laos, Singapore, Cambodia). The company operates two consumer-facing sub-brands, MyVita (vitamins, minerals, joint, immune, beauty, and elderly-wellness supplements) and Icare (bone health and prenatal nutrition, with selected SKUs imported from the USA), alongside a portfolio of branded prescription pharmaceuticals across pain/fever, respiratory, antibiotics, antihistamines, cardiovascular, dermatological, and digestive categories.

The business model is a hybrid of wholesale pharmaceutical distribution to pharmacies (the primary revenue channel), direct-to-consumer sales via the spm.com.vn e-commerce site, and export distribution through local partners in six countries. Pricing is unit-based retail with pay-as-you-go billing, no disclosed enterprise contracts, and free shipping above 500,000 VND. Revenue is concentrated in pharmaceutical product sales; no subscription, licensing, or SaaS revenue model is in use. The customer base is highly fragmented across general consumers, SMB pharmacies, school and community health programs, and international distributors. Recent product cadence (ICare FLEX, ICare MOM, MyVita Royal, MyVita Nice in 2023) and the late-2023 deployment of the Base Platform enterprise management system indicate ongoing portfolio and operational investment, although disclosed financials show a multi-year contraction in revenue, EBITDA, and net income from 2021 through 2025, with the latest year showing a small net loss.

Name

SPM Corp /VN/

Legal name

Công ty Cổ phần SPM

Website

https://spm.com.vn

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Công ty Cổ phần SPM is a Vietnamese GMP-WHO-certified pharmaceutical manufacturer and distributor selling prescription drugs, OTCs, supplements, and medical supplies through the MyVita and Icare sub-brands to pharmacies, consumers, and six export markets.

Ownership category

akta.pro rank

Product category

Pharmaceutical Manufacturing

NAICS

Pharmaceutical and Medicine Manufacturing (32541), Health and Personal Care Retailers (456)

SIC

Pharmaceutical Preparations (2834)

akta.pro primary industry

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

akta.pro secondary industry

Protective Disposable Wear (Masks, Gloves, Shoe Covers, Hairnets) (CRADALAJ)

Keywords

• Pharmaceutical manufacturing
• Prescription drugs
• Health supplements
• OTC medications
• Vitamin supplements

Headquarters

HQ city

Ho Chi Minh City

HQ country

Vietnam

HQ region

Asia

Offices3 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Pharmaceutical Product Sales: Revenue from manufacturing and distributing pharmaceutical products including prescription drugs, OTC medications, vitamins, supplements, and health products through pharmacies and direct sales channels

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

SPM Corp (Công ty Cổ phần SPM) manufactures and distributes a portfolio of pharmaceutical products, health supplements, and medical supplies in Vietnam. The company produces prescription drugs, OTC medications, vitamins, mineral supplements, herbal medicines, and antibacterial medical face masks across brands including MyVita, Icare, and SPM. Products are manufactured at GMP-WHO certified facilities in Ho Chi Minh City and sold through a nationwide pharmacy network and the company's own e-commerce site.

Product overview

SPM Corp (Công ty Cổ phần SPM) is a Vietnamese pharmaceutical manufacturer and distributor offering a diverse portfolio of pharmaceutical products, health supplements, and medical supplies. The company operates two main sub-brands: MyVita (covering vitamins, minerals, bone/joint health, immunity, and beauty products) and Icare (focused on bone health and prenatal nutrition). The product portfolio includes prescription pharmaceuticals across categories such as pain/fever relief, respiratory medications, antibiotics, cardiovascular drugs, dermatological products, and herbal/traditional medicines. Notable product lines include Mypara Flu (cold/flu treatment), Levofloxacin antibiotics, Medisolone corticosteroids, Loratadine antihistamines, and Medsolone 16mg. The company also produces health supplements under brands like Eugintol for respiratory health and medical supplies including antibacterial face masks. Products are manufactured at GMP-WHO certified facilities.

Differentiator

Problem solved

Functional benefit

Brands

• MyVita: Health supplement brand including vitamins, minerals, and wellness products such as MyVita Joint, MyVita C 1000mg, MyVita Protect, MyVita Calcium 500, MyVita Nice, MyVita Royal, MyVita Strong Max, MyVita Black Garlic.
• Icare

Products and services

• MyVita Protect Health food supplement under the MyVita brand that supports reducing symptoms of increased phlegm, excessive coughing, and sore throat. Pack size: 30 tablets/box. For general consumers seeking respiratory health support.
• ICare FLEX Imported from the USA, this is a bone and joint health supplement containing Glucosamine sulfate and active ingredients necessary for cartilage development. Supports joint lubrication, cartilage tissue regeneration, and reduces joint dryness and pain. For consumers with joint and bone health concerns.
• ICare MOM Imported from the USA, this is a prenatal nutrition supplement containing vitamins, minerals, and herbal extracts formulated for women before, during, and after pregnancy. For expectant and new mothers.
• MyVita Royal Health supplement for middle-aged and elderly consumers combining Cordyceps sinensis, ginseng, Sâm cau, and royal jelly with essential amino acids to support overall health improvement. For mature consumers seeking vitality support.
• MyVita Nice Health food supplement with antioxidant properties containing hydrolyzed collagen from fish skin imported from France, combined with vitamin C, E, pine extract, and aloe for skin rejuvenation. For consumers seeking beauty and skin care support.
• MyVita Strong Max Vitamin and mineral effervescent supplement with an optimal Vitamin C formula and essential vitamins and minerals to support strengthening health and immune system. For consumers seeking immune support.
• Icare Bone Bone health supplement product under the Icare brand for bone and joint support. For consumers seeking bone health maintenance.
• Icare Mom Prenatal nutrition supplement under the Icare brand formulated for pregnant and nursing women. For expectant mothers seeking nutritional support.
• MyVita Calcium 500 Calcium supplement product under the MyVita brand for bone health support. For consumers seeking calcium supplementation.
• MyVita Joint Joint health supplement under the MyVita brand for joint support. For consumers with joint health concerns.
• MyVita C 1000mg Vitamin C 1000mg effervescent tablet used for iron excretion enhancement in thalassemia treatment and idiopathic methemoglobinemia. For patients and consumers seeking high-dose vitamin C supplementation.
• Mypara Flu Daytime OTC pharmaceutical product for the treatment of cough, fever, mild pain, sore throat, headache, and nasal congestion symptoms. Drug license: VD-21969-14. For consumers with cold and flu symptoms.
• Mypara Flu Nighttime OTC nighttime pharmaceutical for temporary relief of nasal congestion, runny nose, sneezing, itchy and watery eyes, sore throat, headache, body aches, and fever due to colds or upper respiratory allergies. Drug license: VD-21970-14. For consumers needing nighttime cold/allergy relief.
• Medisolone 16 Methylprednisolone 16mg corticosteroid for treating rheumatoid arthritis, systemic lupus erythematosus, vasculitis, temporal arteritis, sarcoidosis, bronchial asthma, chronic ulcerative colitis, hemolytic anemia, and severe allergic conditions. Drug license: VD-21450-14. Prescription pharmaceutical for patients with inflammatory and autoimmune conditions.
• Loratadine SPM 10mg (ODT) Orodispersible tablet containing Loratadine 10mg for treatment of allergic rhinitis, allergic conjunctivitis, itching, and urticaria. Drug license: VD-19608-13. For consumers with allergy symptoms.
• Levofloxacin SPM 500 Antibiotic containing Levofloxacin 500mg for treatment of community-acquired pneumonia, uncomplicated skin and soft tissue infections, biliary tract infections, chronic prostatitis, anthrax exposure prophylaxis/treatment, acute exacerbation of chronic bronchitis, and acute bacterial sinusitis. Drug license: VD-29995-18. Prescription antibiotic for patients with bacterial infections.
• Bisbeta 120 Anti-obesity pharmaceutical containing Orlistat 120mg for obesity treatment in patients with BMI ≥30 kg/m² or overweight patients (BMI ≥28 kg/m²) with risk factors. Drug license: VD-32211-19. For consumers seeking weight management treatment.
• Eugintol Gold Health food supplement supporting cough reduction, throat warming, lung support, phlegm reduction, and sore throat relief. For consumers with respiratory and throat symptoms.
• Hepa Extra Herbal medicine supporting treatment of liver and gallbladder diseases: acute or chronic hepatitis, cirrhosis, fatty liver, prolonged elevated SGOP/SGPT, liver damage from drugs or alcohol. Drug license: GC-266-17. For consumers seeking liver health support.
• Khẩu Trang Y Tế Cao Cấp KHÁNG KHUẨN (Antibacterial Medical Face Mask) 4-layer antibacterial medical face mask with UV protection, waterproof, and droplet prevention properties. Standard declaration: 200001135/PCBA-HCM. For consumers seeking medical-grade protective face masks.

Quantifiable outcome

• 1200+ projects completed
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered minor.

• Nhà Văn hóa Sinh viên TP.HCMminorStrategic or Co-development Partner · 7 May 2021Partnership with Student Cultural House in Ho Chi Minh City for health education programs targeting high school students during exam periods
• THPT Phú Nhuận and THPT Tân PhongminorStrategic or Co-development Partner · 7 May 2021School partnerships for health education seminars on immunity and health protection during exam season, reaching 2000+ students

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Traphaco Joint Stock Company: Leading Vietnamese pharmaceutical manufacturer specializing in traditional/herbal medicines, OTC products, and supplements. Comparable to SPM's herbal medicine segment (Hepa Extra, Gentlemax, Deston) and similar pharmacy distribution model.
• Domesco Medical Import Export JSC: Vietnamese pharmaceutical company manufacturing and distributing generic pharmaceuticals and health products through nationwide pharmacy networks. Directly comparable business model and target customers to SPM.
• Imexpharm Pharmaceutical Joint Stock Company: Vietnamese pharmaceutical manufacturer producing generic prescription drugs, OTC products, and health supplements. Comparable scale, distribution approach, and product mix to SPM in the domestic market.
• OPC Pharmaceutical Joint Stock Company: Vietnamese pharmaceutical manufacturer with focus on antibiotics, anti-inflammatory drugs, and OTC products. Direct competitor in core therapeutic categories such as respiratory and pain management where SPM also operates.
• Pymepharco Joint Stock Company: Vietnamese pharmaceutical manufacturer focused on generic prescription drugs, anti-infectives, and OTC products. Comparable GMP-certified manufacturing operations, scale, and pharmacy distribution approach.
• DHG Pharmaceutical Joint Stock Company (Hau Giang Pharma): One of Vietnam's largest generic pharmaceutical manufacturers, listed on HOSE, producing prescription drugs, OTC products, and health supplements. Directly comparable to SPM in product portfolio, pharmacy distribution model, and regulatory positioning in Vietnam.
• Phil Inter Pharma: Vietnamese pharmaceutical manufacturer producing generic drugs and health supplements for domestic distribution. Smaller in scale but directly comparable business model and customer base.

Broad incumbents

• Vinapharm (Vietnam Pharmaceutical Corporation): State-affiliated Vietnamese pharmaceutical group operating in manufacturing, distribution, and retail pharmacy. Competes in distribution channels that overlap with SPM's pharmacy network but operates at significantly larger scale and with state backing.
• Bayer (Vietnam operations): Multinational pharmaceutical and consumer health company with Vietnam presence. Competes in OTC consumer health and prescription categories where SPM operates, but with broader global portfolio and stronger brand investment.

Others

• Sanofi (Vietnam operations): Multinational pharmaceutical company with established Vietnam operations selling branded prescription and consumer health products. Overlaps SPM in therapeutic categories but brings proprietary molecules, a global brand portfolio, and deeper marketing budgets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/congtycpspm

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 SPM Corp /VN/