T&T Group and Ramky Group Partner to Develop Pharmaceutical Park in Vietnam

On August 1, 2024, T&T Group and Ramky Group, a leading multinational corporation from India, signed a Memorandum of Understanding (MoU) to invest in the development of a pharmaceutical park in Vietnam. This project will focus on research and development of a high-tech, modern, and integrated pharmaceutical industrial park that meets international standards. The project will adopt a green economy model, circular economy, clean production, and efficient use of resources and energy in Vietnam.

T&T Group and Ramky Group Partner to Develop Pharmaceutical Park in Vietnam

Cooperation Details

T&T Group and Ramky will jointly research and develop the pharmaceutical industrial park in Vietnam.
This project is expected to form a complete production chain for pharmaceutical products from raw materials to finished products.
The pharmaceutical industrial park will help reduce investment costs, increase production efficiency and effectiveness, and help Vietnam reduce its dependence on importing essential drugs and medical equipment.
Pharmaceutical parks also diversify the production chain, attract foreign direct investment (FDI), and promote technology transfer in Vietnam’s pharmaceutical industry.

Importance of the Project

The pharmaceutical park project not only meets domestic demand but also aims for regional exports. Vietnam can become a leading research, development, and manufacturing center for pharmaceuticals in Southeast Asia and the world. This will ensure a self-sufficient supply of pharmaceuticals and develop the country’s healthcare needs.

T&T Group and Ramky have demonstrated their commitment to realizing this project, and it is hoped that the pharmaceutical park will become a destination for many of the world’s leading pharmaceutical companies.

About T&T Group and Ramky Group

T&T Group is a large economic group in Vietnam, with over 60 subsidiaries, joint ventures, and associated companies operating in multiple sectors and industries. The Group’s charter capital currently reaches VND 22,000 billion, with a system of over 200 member units, 80,000 employees operating domestically and internationally, hundreds of thousands of shareholders, and millions of customers. The Group is famous for owning one of the leading football clubs in Vietnam today (Hanoi FC) and becoming a major shareholder of Saigon- Hanoi Bank (SHB). T&T Group’s goal is to maintain its position in the top 10 largest multi-industry private economic groups in Vietnam and the top 50 influential groups in Asia and the region.
Ramky Group is a professional multi-industry group with a revenue of over INR 4,500 billion (approximately USD 53.6 billion). The Group focuses on civil infrastructure, environment, and waste management, especially Public-Private Partnership (PPP) projects. In addition to being present at 55 locations across India, Ramky Group also has representative offices in the UAE and Singapore. Ramky’s typical projects include the construction of highways, industrial parks, and wastewater treatment systems.

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