The story
Bidiphar's predecessor ‘Nghia Binh Pharmaceutical Enterprise II’ was set up in 1979 and merged with another state-owned enterprise in 1995 to form Bidiphar.
The company suffered from the abolition of state provision in 1988. Inputs were lacking, debts were high (at VND 250m) and the equipment obsolete.
However, it was able to adjust, expanded the scale of production and diversified.
From Wikipedia’s article on Bidiphar, shared under CC BY-SA 4.0.3