Traphaco Joint Stock Company

What Traphaco Joint Stock Company does

Traphaco Joint Stock Company (Công ty cổ phần Traphaco) is a Vietnam-based, publicly listed pharmaceutical manufacturer founded in the 1970s with more than 50 years of operating history. The company produces herbal and modern pharmaceutical products organized across roughly ten therapeutic categories — digestive/liver (notably the Boganic line), nervous system (Cebraton, Hoạt huyết dưỡng não), musculoskeletal (Seacan, Lubrex Gold, Didicera), respiratory (Methorphan, Trathiol, Xuyên tâm liên), dermatological (Evita, Trapanthen), ophthalmic (Samaca), antipyretic (Koolfever, distributed from Japan), and general wellness supplements — totaling over 40 products in the disclosed catalog. Its core technology combines traditional Vietnamese herbal medicine with GMP-WHO certified pharmaceutical manufacturing and upstream GACP-WHO certified herbal cultivation across five farming areas in Lao Cai, Phu Tho, and Hoa Binh, with over 90% of ingredients sourced domestically.

Traphaco distributes through a multi-tiered model that includes a nationwide pharmacy network covering all 63 Vietnamese provinces, five internal distribution subsidiaries, a proprietary e-commerce storefront at traphacoshop.com, and marketplace listings on Shopee and TikTok Shop, supported by a toll-free customer hotline (1800 6612). The company targets mass-market Vietnamese consumers seeking affordable OTC and herbal health products, organized under its "Con đường Sức khỏe Xanh" (Green Health Pathway) strategy.

Revenue derives from wholesale distribution to pharmacy networks and direct-to-consumer online sales, with both prescription medicines and over-the-counter health supplements. The ownership structure includes SCIC (Vietnam's State Capital Investment Corporation) at 35.67%, Magbi Fund Limited at 24.99%, and Super Delta Pte.Ltd at 15.12%, with the remainder held by public shareholders; the company is listed on the Ho Chi Minh Stock Exchange under ticker TRA. Recent operating signals include ongoing premium SKU introductions, expansion of DTC e-commerce channels, and continued regulatory certifications, though no revenue figure is disclosed in the available source material.

Name

Traphaco Joint Stock Company

Legal name

Traphaco Joint Stock Company (Công ty cổ phần Traphaco)

Website

https://traphaco.com.vn

Company type

Public

Founded year

1970

Operating status

Operating

Short description

Traphaco Joint Stock Company is a Vietnam-listed pharmaceutical manufacturer with 50+ years of history, producing traditional herbal and modern OTC medicines across liver, nervous system, respiratory, and bone/joint categories for mass Vietnamese consumers via a 63-province pharmacy network and DTC e-commerce channels.

Ownership category

akta.pro rank

Product category

Pharmaceutical Manufacturing

NAICS

Drugs and Druggists' Sundries Merchant Wholesalers (424210), Drugs and Druggists' Sundries Merchant Wholesalers (4242), Drugs and Druggists' Sundries Merchant Wholesalers (42421)

SIC

Pharmaceutical Preparations (2834), Medicinal Chemicals & Botanical Products (2833)

akta.pro primary industry

Herbal & Botanical Supplements (CRADAGAD)

akta.pro secondary industries

Digestive Health OTC (Antacids, Laxatives, Anti-diarrheals, Probiotics OTC) (CRADAMAE), Probiotics & Digestive Health Supplements (CRADAGAF), Cold, Flu, Cough & Allergy Remedies (Decongestants, Antihistamines, Cough Syrups, Lozenges) (CRADAMAD)

Keywords

• Pharmaceutical manufacturing
• Herbal medicine products
• Health supplements
• Traditional Vietnamese medicine
• OTC pharmaceuticals

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices4 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Pharmaceutical and health product sales: Traphaco generates revenue through the manufacture and sale of pharmaceutical products and health supplements across therapeutic categories including digestive/liver, neurological, musculoskeletal, respiratory, ophthalmological, dermatological, and general health categories. Products include both prescription medicines and over-the-counter health supplements (thực phẩm bảo vệ sức khỏe). Revenue is derived from wholesale distribution to pharmacy networks and retail sales through owned e-commerce channels.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Traphaco manufactures and sells pharmaceutical products and health supplements derived from traditional Vietnamese herbal ingredients and modern pharmaceutical science. Its portfolio covers digestive/liver health, neurological, musculoskeletal, respiratory, ophthalmic, dermatological, antipyretic, and general wellness categories, sold under legacy brands such as Boganic, Cebraton, Hoạt huyết dưỡng não, Seacan, Methorphan, Evita, Samaca, and Tottri, alongside distributed imports like Koolfever.

Product overview

Traphaco Joint Stock Company is a leading Vietnamese pharmaceutical company with over 50 years of experience, focusing on traditional medicine modernized with modern technology. The company's product portfolio spans multiple therapeutic categories: digestive/liver health (Boganic line including Boganic, Boganic Forte, Boganic Premium, Boganic Kid, Boganic Lippi, and herbal teas), nervous system health (Cebraton line with Cebraton, Cebraton Premium, and Hoạt huyết dưỡng não products), musculoskeletal health (Seacan line including Seacan, Seacan Plus, Seacan K2, and Lubrex Gold), respiratory health (Methorphan line including Methorphan Bee, Methorphan Ivy, throat sprays, plus Trathiol, Xuyên tâm liên, Slaska New), dermatological products (Evita nature, Evita new, Trapanthen, skin creams), general health supplements (Antot IQ, Antot Thymo, Formenton Premium), ophthalmic products (Samaca eye drops), antipyretic products (Koolfever), and diagnostic products (Allisa pregnancy test). Traphaco emphasizes 'green pharmaceuticals' using locally sourced Vietnamese ingredients certified to GACP-WHO standards.

Differentiator

Problem solved

Functional benefit

Brands

• Traphaco High Technology: High technology pharmaceutical manufacturing subsidiary

Products and services

• Ampelop A digestive and liver health supplement supporting the liver-biliary digestive system.
• Boganic Kid Children's liver detoxifying and heat-clearing supplement that cools the liver, generates fluids and replenishes blood.
• Boganic Premium Premium liver supplement combining Boganic GACP Extract, Glutathione and antioxidants for liver nourishment, detoxification and cell protection.
• Boganic Forte Liver supplement combining Artichoke, Glinus oppositifolius and Pharbitis nil for liver function enhancement.
• Boganic Lippi Liver supplement supporting liver function enhancement, liver cell protection, and lowering liver enzymes.
• Boganic Herbal Tea Herbal tea extracted from fresh Sapa Artichoke leaves for body cooling, purification and liver support.
• Boganic Herbal Tea (Sugar-free) Sugar-free herbal tea for clearing heat, detoxifying, and cooling the liver.
• Tabofina Laxative health supplement helping reduce constipation risk, bloating and indigestion.
• Tottri (Hard Capsules) Hard capsule hemorrhoid treatment supporting contraction of hemorrhoids and strengthening blood vessel walls.
• Boganic Core liver health supplement supporting liver detoxification, bile stimulation and diuretic function.
• Cebraton Brain health supplement for memory loss, nervous tension, cerebral circulatory deficiency and vestibular syndrome.
• Cebraton Premium Premium brain supplement combining GABA, Polyscias fruticosa, Ginkgo biloba and Citicolin to support brain activity.
• Hoạt huyết dưỡng não Brain nourishing traditional medicine for memory loss, nervous tension, headache, dizziness, vertigo and insomnia.
• Hoạt huyết dưỡng não Extra Extra strength brain circulation support with GACP-certified Polyscias fruticosa, Ginkgo biloba and Citicolin for stroke recovery.
• Didicera - Độc hoạt tang ký sinh Traditional herbal medicine for musculoskeletal support.
• Dưỡng cốt hoàn Bone health supplement for musculoskeletal support.
• Lubrex Gold Joint health supplement supporting cartilage regeneration, joint fluid secretion and mobility.
• Seacan Calcium supplement from natural red seaweed (Aquamin) for bone and teeth health.
• Seacan Plus Calcium supplement with Aquamin Soluble, magnesium and zinc for bone health and development.
• Seacan K2 Calcium supplement with Vitamin D3 and K2 from red seaweed for bone aging prevention.
• Methorphan Ivy Ivy leaf extract syrup for cough relief, expectoration and respiratory clearance.
• Methorphan Bee Honey-based cough syrup with Ivy leaf, Propolis and Marshmallow for cough, phlegm and sore throat relief.
• Slaska New Respiratory syrup with Rehmannia, Scrophularia and Ophiopogon for lung nourishment and cough relief.
• Xuyên tâm liên Andrographis paniculata supplement for cough relief, phlegm reduction and sore throat.
• Trathiol Medicine for respiratory disorders caused by increased phlegm secretion and COPD support.
• Trapanthen Skin care product for soothing chapped skin, diaper rash and insect bites with moisturizing protection.
• Evita New Skin cream for damaged skin restoration, anti-aging, wrinkle prevention and melasma reduction.
• Evita Nature Natural Vitamin E supplement for anti-oxidation, free radical fighting and skin beautification.
• Levigatus Dermatological product.
• Trapha Dermatological product.
• Samaca Sodium hyaluronate eye drops for corneal-conjunctival epithelial disorders including Sjogren's syndrome and dry eye.
• Koolfever Fever-reducing patch with cooling beads for an 8-hour cooling effect, manufactured in Japan by Kobayashi and distributed by Traphaco in Vietnam.
• Antot IQ Children's supplement with amino acids (Lysine) and Choline for brain development, concentration and memory support.
• Antot Thymo Immune support supplement with Thymomodulin, amino acids and Taurine for infection resistance.
• Formenton Premium Male health supplement with oyster powder, Goji berries, Cordyceps, Vitamin E and Zinc for kidney health and vitality.
• Ích mẫu Women's health product.
• Himom Band Premium Acne Patch Acne patch for protecting and healing acne, reducing dark scars and supporting makeup application.
• Allisa Pregnancy Test Rapid HCG pregnancy test for early pregnancy detection (7–10 days after conception).

Quantifiable outcome

• Products available at retail pharmacy points across all 63 Vietnamese provinces
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Three partnerships are on record, tiered minor and core.

• Công ty TNHH Đức Minh GiaminorChannel Partner/ Reseller/ DistributorCông ty TNHH Đức Minh Gia serves as the exclusive distributor for Traphaco's Boganic Herbal Tea (Trà thảo dược Boganic) product, managing distribution and sales of this specific product line.
• Kobayashi (Japan)minorChannel Partner/ Reseller/ DistributorKobayashi is a Japanese pharmaceutical/healthcare company that manufactures the Koolfever fever-reducing patches distributed by Traphaco in Vietnam. Traphaco serves as the distributor for this imported product, with the product manufactured in Japan by Kobayashi.
• Vietnamese Herbal Farming Communities (Lao Cai, Phu Tho, Hoa Binh)coreStrategic or Co-development PartnerTraphaco partners with farmers in remote and mountainous areas (particularly Lao Cai, Phu Tho, Hoa Binh) to build and develop GACP-WHO certified herbal ingredient farming areas. This partnership creates hundreds of jobs annually for ethnic minorities and provides stable income for local farming communities while securing domestic herbal ingredient supply for Traphaco's green pharmaceutical production.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Domesco Medical Import Export Joint Stock Company: Vietnamese pharmaceutical manufacturer with diversified OTC and prescription portfolio. Listed on HOSE and competes with Traphaco in pharmacy distribution and consumer health categories in Vietnam.
• Pymepharco Joint Stock Company: Vietnamese pharmaceutical company producing generic medicines and health supplements, listed on HOSE. Comparable in scale and distribution model, competing in similar therapeutic categories through pharmacy retail.
• Imexpharm Pharmaceutical Joint Stock Company: Vietnamese pharma manufacturer listed on HOSE with broad therapeutic coverage including OTC and supplements. Comparable as a mid-cap public Vietnamese pharma peer with overlapping product categories.
• OPC Pharmaceutical Joint Stock Company: Vietnamese pharmaceutical manufacturer with similar heritage in traditional herbal medicine. OPC is a direct competitor in herbal liver/digestive and respiratory health products, targeting the same pharmacy network and consumer base as Traphaco.
• DHG Pharmaceutical Joint Stock Company (Hau Giang Pharma): One of Vietnam's largest pharmaceutical manufacturers, listed on HOSE with a broad OTC and prescription portfolio across similar therapeutic categories (digestive, respiratory, dermatological). Directly comparable as a Vietnamese pharma peer of similar distribution scale.
• Mekophar Chemical Pharmaceutical Joint Stock Company: Vietnamese pharmaceutical manufacturer of OTC and prescription medicines with nationwide distribution. Comparable mid-cap HOSE-listed peer operating in similar therapeutic areas.

Broad incumbents

• Mega Lifesciences (Mega WeCare Vietnam): Regional OTC pharma and supplement player with strong Vietnamese presence through Mega WeCare. Comparable as a broad incumbent competing in the same consumer health and supplement categories with established nationwide distribution.
• Sanofi Vietnam: Multinational pharmaceutical subsidiary operating in Vietnam with broad OTC and consumer health portfolio. Comparable as a broad incumbent competing in pharmacy distribution and consumer health categories across Vietnam.
• Bayer Vietnam (Consumer Health): Multinational pharma with consumer health OTC brands in Vietnam (digestive, pain relief, supplements). Comparable as a broad incumbent with multinational scale and brand recognition in similar OTC categories.

Regional players

• Eu Yan Sang International: Regional traditional Chinese medicine and herbal health supplements brand based in Hong Kong/Singapore. Comparable as a regional traditional medicine player operating in adjacent Southeast Asian markets with overlapping consumer demographics.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/TraphacoJSC
• Facebookfacebook.com/TraphacoConduongSuckhoeXanh
• TikToktiktok.com/@traphaconewgen

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

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 Traphaco Joint Stock Company