Viettel has an advantage over other competitors thanks to its nationwide retail store system Viettel has an advantage over other competitors thanks to its nationwide retail store system Thus, Viettel is the third technology retailer to Kenya Phone Number List participate in the drug distribution market after The Gioi Di Dong and FPT. According to The Mobile World, the size of the entire pharmaceutical retail market is about 8.2 billion USD. In which, most of the revenue is in hospital pharmacies, the remaining about 2.2 billion USD is for external pharmacies - this is not a large number, but it is still an opportunity and there is a gap for retailers. Tech retailers jumped in. See also: Viettel's SWOT matrix Drug retail market enters a new race FPT - Viettel's major competitor in the market in the future is continuing to expand the Long Chau drug distribution chain, applying a competitive price strategy, especially in localities.
Accordingly, Long Chau does not apply a uniform price policy throughout the system but will sell at a cheaper price in provinces and cities where people have low average income. This reduces profit margins in the beginning, but will increase efficiency and advantages of scale for the pharmacy chain. “Currently, Long Chau has more than 700 stores in 63 provinces and cities and becomes the pharmacy with the largest coverage so far. We focus on the strategy to have the most competitive price and start to be profitable,” said a representative of Long Chau chain. FPT is continuing to expand the distribution chain of Long Chau drugs FPT is continuing to expand the distribution chain of Long Chau drugs Before that, in 2017, The Gioi Di Dong bought Phuc An Khang pharmacy, changed its name to An Khang and focused on development when it realized the post-Covid-19 opportunity. Pharmacies are constantly being replicated, ranked in the top growth and gradually shortening the gap with competitors such as Long Chau, Pharmacity.