Pharmacy is poised to be the next sector to be moved in on by chain retailers in Vietnam as seen by the presence and new entries of capable players such as Pharmacity (recently backed by Mekong Capital), Long Chau (owned by FPT Retail/FRT), An Khang (owned by Mobile World/MWG) and VinFa (owned by Vingroup/VIC). In this thought piece, we look at the current landscape of Vietnam’s pharmacy sector and share our early thoughts on potential long-term winners.