FIT Investment

What FIT Investment does

F.I.T Group (Công ty Cổ phần Tập đoàn F.I.T) is a publicly-listed Vietnamese diversified holding company founded on March 8, 2007, and listed on the Ho Chi Minh Stock Exchange (HOSE) under ticker FIT since August 19, 2015. The group operates across four primary sectors: Pharmaceuticals & Medical (anchored by DCL Holdings, Benovas Medical Devices, and Benovas Capsule), FMCG (Vikoda mineral water, Today Cosmetics, and FIT Cosmetics), Real Estate (F.I.T Land), and Agriculture (WestFood food processing and TSC agricultural materials). It employs over 3,000 people across 16 subsidiaries and reported consolidated total assets of 8,026.7+ billion VND as of the 2025 financial report, with equity capital of 6,037+ billion VND and charter capital of 3,399+ billion VND.

Revenue is generated through physical product sales across each business line: pharmaceutical distribution via hospital tenders (ETC channel at nearly 1,000 hospitals, clinics and medical centers) and OTC retail through pharmacy chains (Pharmacity, Long Châu, An Khang); bottled mineral water and cosmetics through retail distribution; real estate development targeting mid and high-end segments; and processed food for domestic and export markets. The pharmaceutical subsidiary DCL Holdings operates with 158 approved product registrations, EU-GMP certified manufacturing capacity, 9 branches nationwide, and 55+ distributors, while the FMCG and agriculture subsidiaries carry decades-old brand equity (Vikoda since 1990, WestFood since 1992, DCL since 1976). Reported revenue in 2025 was 78,828 billion VND across the consolidated entity.

F.I.T Group has executed its multi-industry diversification primarily through serial acquisitions between 2012 and 2017 (Today Cosmetics 2012, TSC/WestFood 2013, DCL 2015, Vikoda 2016, Benovas 2017), with recent capital deployment shifting toward in-house manufacturing scale: 666+ billion VND for the WestFood Hau Giang factory, 800 billion VND for Benovas Capsule, and a high-tech EU-GMP production zone at Tay Ninh. In 2023 the group undertook a full brand strategy transformation, and 2025 saw the commissioning of two new production facilities. Recent governance activity includes a CEO change in April 2025, a Deputy CEO appointment in February 2026, ongoing subsidiary capital increases, an internal restructuring including termination of the Ho Chi Minh City branch, and disclosed tax administrative sanctions in 2023 and 2025.

Name

FIT Investment

Legal name

Công ty Cổ phần Tập đoàn F.I.T

Website

https://fitgroup.com.vn

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

F.I.T Group is a publicly-listed Vietnamese diversified holding company operating across pharmaceuticals, FMCG, real estate, and agriculture through 16 subsidiaries, serving consumers, hospitals, and retail chains with 3,000+ employees.

Ownership category

akta.pro rank

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Pharmaceuticals & Medical: Revenue from pharmaceutical products through DCL Holdings including prescription drugs, OTC medications, hospital tenders, and medical devices (Benovas). Distribution through hospital bidding (ETC), pharmacy chains (OTC), and export channels.
2. FMCG (Mineral Water & Cosmetics): Revenue from bottled mineral water (Vikoda) and cosmetics (Today Cosmetics, FIT Cosmetics) through retail distribution channels.
3. Real Estate: Revenue from real estate development targeting mid and high-end segments.
4. Agriculture & Food Processing: Revenue from agricultural production, food processing (WestFood) and agricultural materials (TSC). WestFood Hau Giang facility has 30,000 tons/year production capacity.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels8 records

Core offering

F.I.T Group is a diversified multi-industry holding company that manufactures and distributes pharmaceutical products (through DCL Holdings), empty capsules and medical devices (Benovas), bottled mineral water (Vikoda), cosmetics and personal care products (Today Cosmetics, FIT Cosmetics), processed food for export (WestFood), and agricultural inputs (TSC); it also develops mid- and high-end real estate (F.I.T Land). The group operates 16 subsidiaries with 3,000+ employees and consolidates revenues across four sectors: Pharmaceuticals-Medical, FMCG, Real Estate, and Agriculture.

Product overview

F.I.T Group operates as a diversified multi-industry holding company with four main business segments: Pharmaceuticals & Medical, FMCG (mineral water and cosmetics), Real Estate, and Agriculture. The company manages a portfolio of subsidiary companies including Dược phẩm Cửu Long (DCL) for pharmaceuticals with products like Cefixim 200, Benovas for medical devices and capsule manufacturing, Vikoda for mineral water, Today Cosmetics and FIT Cosmetics for personal care products, WestFood for food processing and exports, TSC for agricultural materials, and F.I.T Land for real estate development. The group was established on March 8, 2007, listed on HCMC Stock Exchange (ticker: FIT), with total assets of over 8,026.7 billion VND as of 2025.

Differentiator

Problem solved

Functional benefit

Brands

• DCL (Dược Cửu Long): Công ty cổ phần dược phẩm hàng đầu Việt Nam, hoạt động trong lĩnh vực dược phẩm, viên nang rỗng và thiết bị y tế
• Vikoda
• Today Cosmetics (TCC)
• FIT Cosmetics (FCO)
• WestFood
• TSC
• F.I.T Land

Products and services

• Dược phẩm Cửu Long (DCL) — Pharmaceutical Products Pharmaceutical manufacturing subsidiary (DCL Holdings) operating since 1976, with 1,000+ employees across three focus areas: pharmaceuticals, empty capsules, and medical devices. DCL Holdings distributes through hospital tenders, pharmacy chains (Pharmacity, Long Châu, An Khang), and export markets including Southeast Asia and Africa, holding 158 approved product registrations across multiple therapeutic categories (analgesics, nervous system, vitamins/minerals, digestive, respiratory, antihistamines).
• Benovas Capsule — Empty Hard Capsule Manufacturing Empty hard capsule manufacturing facility with a total area of 16,132 m2 and initial investment of approximately 800 billion VND, supplying pharmaceutical manufacturers.
• Benovas Medical Devices Medical device manufacturing facility located in Vinh Long province, Vietnam, operational since 2025, producing medical devices for healthcare providers.
• Vikoda — Bottled Mineral Water Alkaline mineral water producer established in 1990, producing and distributing bottled mineral water products in Vietnam through retail channels.
• Today Cosmetics (TCC) Cosmetics company established in 2009, manufacturing beauty and personal care products for retail consumers in Vietnam.
• FIT Cosmetics (FCO) Personal care products distribution company established in 2009, supplying and distributing personal care products through retail channels.
• WestFood — Processed Food for Export Food processing and export company established in 1992, producing processed agricultural food products for domestic consumption and export markets, with the new Hau Giang factory operational in 2025 at 30,000 tons/year capacity.
• TSC — Agricultural Materials and Equipment Agricultural materials and equipment company serving thousands of domestic and international agents and customers with agricultural inputs and technical services.
• F.I.T Land — Real Estate Development Real estate development subsidiary targeting mid-range and high-end market segments, with a focus on practicality and long-term value for residential and commercial buyers.
• Cefixim 200 — Pharmaceutical Product Pharmaceutical product manufactured by Dược Cửu Long (DCL) recognized as one of the Top 10 Products Good for Consumer Rights 2026, distributed through hospital and pharmacy channels.

Quantifiable outcome

• 50 years of pharmaceutical experience in Vietnam market
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered key, core and supporting.

• Scientific Conference on Otorhinolaryngology, Audiology, Regenerative Medicine & Aesthetic MedicinekeyGTM or Marketing Partner · 28 June 2026Vikoda serves as official sponsor of scientific conference promoting sustainable healthy living values, demonstrating commitment to health and medical community engagement.
• PharmacitykeyChannel Partner/ Reseller/ DistributorMajor pharmacy chain partnership for OTC pharmaceutical distribution. DCL Holdings products are distributed through Pharmacity's nationwide pharmacy network ensuring wide market reach to retail consumers.
• Long ChâukeyChannel Partner/ Reseller/ DistributorMajor pharmacy chain partnership for OTC pharmaceutical distribution. Products available through Long Châu's retail pharmacy outlets across Vietnam.
• An KhangkeyChannel Partner/ Reseller/ DistributorMajor pharmacy chain partnership for OTC pharmaceutical distribution. DCL Holdings maintains product availability through An Khang pharmacy network.
• 10+ Major Pharmaceutical Distribution CompaniescoreChannel Partner/ Reseller/ DistributorStrategic partnership channel with over 10 major pharmaceutical distribution companies in Vietnam to extend reach into partner distribution networks and serve smaller customers beyond direct coverage.
• Bảo Việt Insurance GroupsupportingStrategic or Co-development PartnerPartnership with Bảo Việt (Baoviet) Insurance Group to build and implement health insurance programs for employees. Group provides supplementary health insurance packages with coverage at many medical facilities and major hospitals.
• Thu Cúc Hospital, Hồng Ngọc HospitalsupportingStrategic or Co-development PartnerAnnual health check-ups for all employees are organized at reputable hospitals including Thu Cúc Hospital and Hồng Ngọc Hospital, known for high-quality medical services.

Scale indicators15 records

Recent moves11 records

Expansion highlights4 records

Direct peers

• Kido Group Corporation: Vietnamese diversified FMCG and food company with branded consumer products, comparable to F.I.T Group's FMCG and food processing segments (Vikoda, WestFood, cosmetics).
• Imexpharm Pharmaceutical JSC: Listed Vietnamese pharmaceutical manufacturer with focus on generic and branded drugs, overlapping in therapeutic categories and the ETC hospital tender channel with DCL Holdings.
• DHG Pharma (Hau Giang Pharmaceutical JSC): One of Vietnam's largest publicly listed pharmaceutical manufacturers, comparable to DCL Holdings in therapeutic categories, distribution to hospitals and pharmacies, and listed equity status. Both target Vietnam's prescription and OTC market.
• Pymepharco JSC: Vietnamese pharma manufacturer with EU-GMP facilities and international certifications, directly comparable to DCL's EU-GMP ambitions and export-channel strategy.
• Vinh Hoan Corporation: Vietnamese food processing and export company with seafood focus, comparable to WestFood in being a Vietnam-based food processing exporter operating in agricultural commodities.
• Traphaco JSC: Vietnamese pharmaceutical company with branded OTC and traditional medicine products, comparable to DCL in its hospital and pharmacy distribution model and product portfolio breadth in Vietnam.

Regional players

• Ben Tre Aquaproduct Import-Export JSC (ABEV): Vietnamese food and beverage exporter with operations in domestic and international markets, comparable to WestFood's food processing and export segment within F.I.T Group.

Broad incumbents

• Hau Giang Investment Group: Vietnamese holding company with pharmaceutical and consumer product investments, comparable in structure to F.I.T Group as a diversified group with pharma and consumer exposure.
• Masan Group Corporation: Vietnam's largest listed diversified conglomerate with consumer products, retail, and FMCG. Comparable as a multi-sector holding company on HOSE, though materially larger and more consumer-focused than F.I.T Group.

Emerging players

• Nafoods Group JSC: Vietnamese agricultural and food processing company with export orientation, partially overlapping with F.I.T Group's WestFood and TSC agricultural subsidiaries.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@f.i.tgroup4800
• Facebookfacebook.com/fitgroup.com.vn
• LinkedInlinkedin.com/in/fit-group-9864793ab

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries9 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 FIT Investment