The Evolution of F.I.T Group: A Journey of 18 Years of “Elevating Excellence, Enhancing Prestige”

F.I.T Group has come a long way in its 18-year journey, evolving into a thriving conglomerate with diverse interests. With 17 member and affiliated companies, over 3,000 employees across Vietnam, assets worth 5,941 billion VND, and a total asset value of 7,748 billion VND, the Group has made its mark in four key sectors: Pharmaceuticals, FMCG, Real Estate, and Agriculture.

In the pharmaceutical and medical supplies sector, Cuu Long Pharmaceutical Joint Stock Company (DCL) recorded a revenue of over 1,333 billion VND in 2024 across three main segments: empty capsules, pharmaceuticals, and medical equipment. DCL’s empty capsule factory boasts 20 production lines, with a maximum capacity of 8.5 billion capsules per year. Eight modern lines were added during the 2021-2023 period. In 2024, DCL inaugurated Capsule Line 5, increasing its monthly production capacity to nearly 1 billion capsules, or 11.6 billion annually.

Mr. Nguyen Van Sang, Chairman of F.I.T Group and DCL, speaking at the inauguration ceremony of the Benovas medical equipment factory.

Turning to medical equipment, the Benovas factory in Vinh Long spans 10,846.6 square meters and represents a total investment of $26 million. Phase 1 is now complete, with an investment of $16 million, and the factory can produce 21.5 million units per month or 258 million annually. Phase 2, expected to be finished by June 2026, will involve an additional $10 million investment in advanced production technology and high-tech product development.

In the pharmaceutical sector, DCL operates a 4,797-square-meter factory with an annual capacity of 1.2 billion units. This facility comprises three plants: a non-betalactam plant producing pain relievers, fever reducers, antihistamines, and more; a Cephalosporin antibiotic plant manufacturing modern Cephalosporin antibiotics; and a cream-syrup plant specializing in liquid, suspension, and cream medications. DCL is also preparing to construct a new EU-GMP-compliant pharmaceutical plant with a total investment of 1,396 billion VND. This facility will have an annual production capacity of 1.6 billion units.

Moving to the beverage industry, Khanh Hoa Mineral Water Joint Stock Company has a 35-year history. Nestled amidst a 35-hectare natural alkaline water reserve, the company’s factory directly sources the precious Dang Thanh natural alkaline water. Employing a rigorous production process compliant with 6-1:2010/Ministry of Health and Codex 108 standards, the company’s products are now available in most provinces across Vietnam and have also found their way to foreign markets. With over 1,000 distribution partners, including 173 supermarkets, 3,600 convenience stores, 50 high-end resorts, and more than 60 four and five-star hotels, as well as reputable e-commerce platforms, the company aims to supply one million bottles daily to the market.

State-of-the-art production technology at Vikoda’s natural alkaline water factory.

2024 was a landmark year for the company, marked by a successful rebranding of the Dang Thanh brand, a partnership with Nutrin Food Technology Company in Guangzhou to export Vikoda natural alkaline water to China, and a strategic collaboration with the prestigious Vietnam Nutrition Society, helping spread awareness about the health benefits of natural alkaline water across the community.

In the cosmetics sector, FIT Cosmetics and Today Cosmetics are leading the way with their eco-friendly, biologically safe product lines. Operating out of a modern 4,946-square-meter factory, these brands have invested in four advanced production lines from Europe and South Korea, meeting stringent quality standards. Notably, their adoption of 100% European multi-enzyme technology not only enhances cleaning effectiveness but also ensures the safety of their consumers. By promoting green consumption and reducing environmental impact, FIT Cosmetics and Today Cosmetics are committed to providing gentle, benign care for the entire family, fostering a healthier and more sustainable lifestyle.

FIT Cosmetics products are currently distributed at major supermarkets nationwide.

In the agricultural sector, the Western Export Food Processing Joint Stock Company (Westfood) enjoys a strategic location in the Mekong Delta, Vietnam’s largest fruit and vegetable basin. Equipped with modern production technology and facilities, Westfood has gained a strong foothold in demanding markets in the Americas, Europe, Japan, and China, among others. The upcoming Westfood Hau Giang factory, with an investment of 666 billion VND, is slated to commence operations in Q2 2025, adding a capacity of 30,000 tons per year and propelling Westfood into the top 5 vegetable and fruit exporters in Vietnam.

Headquarters of Western Export Food Processing Joint Stock Company (Westfood) in Can Tho city.

In real estate, F.I.T Group focuses on the mid-range and high-end segments, approaching this sector not merely as a business but as a mission to create sustainable values for society and the community. Each project is undertaken with certainty and meticulous planning, rather than a rush for speed or scale.

At the 18th-anniversary celebration of F.I.T Group, Mr. Nguyen Van Sang, Chairman of the Group’s Board of Directors, shared: “I am proud to see F.I.T Group overcome challenges and reach this 18-year milestone with strength and resilience. Throughout our journey, we have remained steadfast in our aspiration to serve the development of society. With our knowledge, creativity, and unwavering efforts, F.I.T Group is committed to delivering high-quality products and services to the domestic market and beyond.”

Guided by its core values of sincerity, passion for victory, perfection in execution, continuous improvement, and compliance, F.I.T Group aspires to become a prosperous, diversified conglomerate, offering premium products and services that enhance the quality of life for its customers. The Group also strives to be a talent hub, recognized and respected by society.