DOMESCO Medical Import Export Joint Stock Company | APEA - Asia Pacific Enterprise Awards

CORPORATE EXCELLENCE CATEGORY

DOMESCO Medical Import Export Joint Stock Company

Company Introduction
DOMESCO Medical Import Export Joint Stock Company, a public listed company, was established on May 19, 1989. The majority shareholders are ABBOTT Corporation and SCIC State Capital Investment Corporation. DOMESCO operates in the pharmaceutical industry, specializing in research, development, production, distribution and trading pharmaceuticals products and medical equipment.

The company’s production system comprises five factories with GMP-WHO, GLP-WHO standards, ISO 9001:2015, ISO 14001:2015, ISO/ IEC 17025:2017 and ISO 13485:2016. DOMESCO’s head office, production and quality facilities are located at Dong Thap, Vietnam. Its Representative Office is located at Ho Chi Minh City with 11 branches across the country. The company currently exports to 12 countries in Asia, Europe and Latin America.

Corporate Culture
DOMESCO’s corporate culture values responsibility, solidarity, fairness, creativity, respectability and innovative. The company follows this corporate culture, ethical practices. DOMESCO adopts flexible labour policies to protect employees’ rights and ensure balanced benefits for shareholders and employees.

People are the most important resource of DOMESCO. DOMESCO supports and motivates employees to develop and contribute to the company. Social welfare policies include annual health examination, providing healthcare and accident insurance for employees, additional premium healthcare for managers, life insurance for senior managers and loyal employees. To strengthen team inspiration, DOMESCO organizes programmes such as summer vacations, festive celebrations for employees and their children. DOMESCO also creates the fund for the building of gratitude houses, providing medical treatment and scholarship grants.

DOMESCO social responsibility initiatives include Saving Account, Social Houses, free medical examinations, free medicine supplies, free health insurance cards for disable people. Social activities include blood donation, start-up projects for Young Entrepreneur in Dong Thap, Joining Hands campaign for environmental protection and sponsoring health, cultural and sports activities of the province..
Achievements and Impact
DOMESCO was awarded one of the Top 50 listed firms in Vietnam in 2019 and 2020 (Forbes Vietnam), The Best Company to Work for in Asia in 2019 (HR Asia) and National Quality Gold Awards in 2019 (from the Prime Minister). DOMESCO was also in the Top 500 Best Profitable Businesses in Vietnam 2019 (Profit 500), Top 100 Sustainable Enterprises in Vietnam 2019 (VCCI), High Quality Vietnamese Goods in 21 consecutive years (Vietnamese Consumer Association), Certificate of Merit for Good Implementation of Tax Declaration and Payment in 2019 (Dong Thap province People’s Committee.

Future Direction
Going forward, DOMESCO will target sustainable growth in terms of revenue and profits, upgrade production system and quality to meet international standards, expand business network in Vietnam and overseas and focus on research & development of new products to meet changing market trends. DOMESCO will continue with human resource development programmes by improving on training and maintaining talents, assure environmental protection by implementing safety - green - clean work environment, energy saving practices and encourage environment-friendly materials.

CORPORATE EXCELLENCE CATEGORY

DOMESCO Medical Import Export Joint Stock Company

Company Introduction
DOMESCO Medical Import Export Joint Stock Company, a public listed company, was established on May 19, 1989. The majority shareholders are ABBOTT Corporation and SCIC State Capital Investment Corporation. DOMESCO operates in the pharmaceutical industry, specializing in research, development, production, distribution and trading pharmaceuticals products and medical equipment.

The company’s production system comprises five factories with GMP-WHO, GLP-WHO standards, ISO 9001:2015, ISO 14001:2015, ISO/ IEC 17025:2017 and ISO 13485:2016. DOMESCO’s head office, production and quality facilities are located at Dong Thap, Vietnam. Its Representative Office is located at Ho Chi Minh City with 11 branches across the country. The company currently exports to 12 countries in Asia, Europe and Latin America.

Corporate Culture
DOMESCO’s corporate culture values responsibility, solidarity, fairness, creativity, respectability and innovative. The company follows this corporate culture, ethical practices. DOMESCO adopts flexible labour policies to protect employees’ rights and ensure balanced benefits for shareholders and employees.

People are the most important resource of DOMESCO. DOMESCO supports and motivates employees to develop and contribute to the company. Social welfare policies include annual health examination, providing healthcare and accident insurance for employees, additional premium healthcare for managers, life insurance for senior managers and loyal employees. To strengthen team inspiration, DOMESCO organizes programmes such as summer vacations, festive celebrations for employees and their children. DOMESCO also creates the fund for the building of gratitude houses, providing medical treatment and scholarship grants.

DOMESCO social responsibility initiatives include Saving Account, Social Houses, free medical examinations, free medicine supplies, free health insurance cards for disable people. Social activities include blood donation, start-up projects for Young Entrepreneur in Dong Thap, Joining Hands campaign for environmental protection and sponsoring health, cultural and sports activities of the province..

Achievements and Impact
DOMESCO was awarded one of the Top 50 listed firms in Vietnam in 2019 and 2020 (Forbes Vietnam), The Best Company to Work for in Asia in 2019 (HR Asia) and National Quality Gold Awards in 2019 (from the Prime Minister). DOMESCO was also in the Top 500 Best Profitable Businesses in Vietnam 2019 (Profit 500), Top 100 Sustainable Enterprises in Vietnam 2019 (VCCI), High Quality Vietnamese Goods in 21 consecutive years (Vietnamese Consumer Association), Certificate of Merit for Good Implementation of Tax Declaration and Payment in 2019 (Dong Thap province People’s Committee.
Future Direction
Going forward, DOMESCO will target sustainable growth in terms of revenue and profits, upgrade production system and quality to meet international standards, expand business network in Vietnam and overseas and focus on research & development of new products to meet changing market trends. DOMESCO will continue with human resource development programmes by improving on training and maintaining talents, assure environmental protection by implementing safety - green - clean work environment, energy saving practices and encourage environment-friendly materials.