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news.Vietnam Chemical Pharmaceutical Joint Stock Company (VCP) has inaugurated a chemical pharmaceutical factory, compliant with WHO standards, to extract materials for pharmaceuticals, in the northern province of Bac Ninh on July 20.
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The chemical pharmaceutical factory with latest technologies is said to have good manufacturing practice (GMP), good storage practice (GSP) and good laboratory practice (GLP).
VCP is set to invest approximately $10m, including $6m in the first phase. The chemical pharmaceutical factory is designed to have three extraction lines with a combined capacity of nearly 500 tonnes of products per annum, of which the first 120-tonne extraction line has been installed in the first year of operation.
According to Ngo Chi Dung, chiarman of VCP, the chemical pharmaceutical factory will help limit material imports, provide jobs for domestic workers and ensure stable outputs for medicinal plant growing areas.