AsemconnectVietnam - Long Chau plans to expand its network of pharmacies and vaccination centers by up to 25% by 2026 and may list on the stock market within the next 3-5 years.

According to Nikkei Asia, Mr. Pham Duy Hoang Nam, Chief Financial Officer of FPT Digital Retail Joint Stock Company (FPT Retail, ticker FRT - HOSE), said he expects Long Chau's revenue in 2025 to increase by at least 34% compared to 2024, due to the continued strong growth in demand for prescription drugs. In 2026, vaccines and pharmaceuticals will be the main growth drivers for Long Chau.
Long Chau is a subsidiary of FPT Retail, part of the FPT Group - one of the largest technology companies in Vietnam. The online retail platform of the pharmacy serves 33 million people, accounting for one-third of Vietnam's population.
As a technology-oriented enterprise, Long Chau is applying artificial intelligence (AI) and big data analytics to forecast demand by region and product group. These technologies also help optimize inventory levels at each pharmacy to ensure fast delivery to customers, while personalizing marketing strategies for partners.
"Applying AI technology in practice helps Long Chau improve operational efficiency, while ensuring people always have timely, safe, and transparent access to medicines and medical services," Mr. Nam said.
Long Chau was established in 2007, but its business truly boomed in 2020 during the Covid-19 pandemic when many people sought to shop online.
Long Chau was founded in 2007, but its business only truly boomed in 2020 during the Covid-19 pandemic when many people turned to online shopping. "We expect revenue in 2025 to exceed our target by more than 5%... In 2026, Long Chau plans to open an additional 400 to 500 pharmacies and vaccination centers, from approximately 2,500 pharmacies and vaccination centers by 2025," Mr. Nam said.
As of 2024, Long Chau had 126 vaccination centers and 1,943 pharmacies across Vietnam.
Mr. Nam's estimate suggests that Long Chau's revenue will more than double in just two years, reaching VND33,800 billion by 2025, thanks to the expansion of its extensive pharmacy network and online presence. The number of Long Chau pharmacies and vaccination centers has increased from 200 in 2020 to 2,500 in 2025.
Long Chau accounted for nearly 70% of its parent company FPT Retail's revenue in the first nine months of 2025, significantly surpassing FPT Shop.
Mr. Nam stated that Long Chau could be listed on the stock market within the next 3-5 years. In 2025, the company sold 13% of its shares to the Malaysian fund Creador.
N.Nga
Source: VITIC/Tinnhanhchungkhoan