HCM CITY — The global healthcare company Abbott has acquired 3A Nutrition, its longstanding distribution partner of nutrition products in Viet Nam.
The acquisition, which was approved by government authorities, will expand Abbott's presence in the country.
The two companies have leading positions in both pediatric and adult nutrition-product categories.
Under the agreement, Abbott will have a sales force of 2,100 in 64 provinces. 3A Nutrition will retain its name and will continue to work with the same management team.
According to the Viet Nam Competition Administration Department, the nutrition market in Viet Nam is expected to have strong growth, driven by rising personal incomes and an increased awareness of the importance of nutrition. — VNS