Vingroup Builds Vaccine Plant amid Covid-19 Infection Surge

Vingroup's Covid-19 vaccine plant has a designed capacity of 100-200 million doses each year.
July 30, 2021 | 08:20
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Vingroup Builds Vaccine Plant Amidst Covid-19 Infection Surge
The vaccine produced by Vingroup is expected to enter clinical trials next month. Illustrative image: cafef.vn

Vingroup, a leading Vietnamese multi-sectoral conglomerate, is building a Covid-19 vaccine plant in Hanoi, with a designed capacity of 100-200 million doses each year.

The group has negotiated with US-based Arcturus Therapeutics, a leading clinical-stage messenger RNA medicines company, on the transfer of Covid-19 vaccine production technology.

Arcturus focuses on the discovery, development and commercialisation of medicines for rare diseases, and vaccines. It has developed a vaccine called Arcturus Covid-19, using the same mRNA technology as the vaccines of Pfizer and Moderna.

The vaccine produced by Vingroup is expected to enter clinical trials next month.

Located at the Hoa Lac Hi-Tech Park in Hanoi’s outskirts district of Thach That, the plant is among the five key projects allowed to proceed during social distancing in the city.

Municipal authorities have asked the project investor and contractor to observe Covid-19 prevention and control regulations, and draw up a scenario for infections at the construction site.

Vingroup Builds Vaccine Plant Amidst Covid-19 Infection Surge
Vietnam is stepping up vaccinations. Over 5.3 million shots have been given so far, with nearly 500,000 people having been fully vaccinated. Photo: VOV

Earlier Vingroup established pharmaceutical company Vinbiocare with a charter capital of VND200 billion ($8.6 million), focusing on medicines and vaccines.

Vingroup owns 69% of Vinbiocare Biotechnology JSC, which is headquartered in Hanoi, while Phan Quoc Viet, CEO of tech firm Viet A Technology Corporation, owns 30%. The remaining 1% is held by an individual investor, Phan Thu Huong.

According to Vingroup’s Chairman Pham Nhat Vuong, vaccine production is a non-profit business that aims to meet domestic demand.

In the first half of the year, Vietnam has received about 9.3 million Covid-19 vaccine doses by AstraZeneca either through contracts, the global vaccine access mechanism Covax or foreign aid.

AstraZeneca doses account for around 62 percent of all vaccine doses available to Vietnam at the moment.

The country has now received a total of over 14.8 million Covid-19 vaccine doses. Over 5.3 million shots have been given so far, with nearly 500,000 people having been fully vaccinated.

Vingroup Builds Vaccine Plant Amidst Covid-19 Infection Surge
A police officer stands guard at a barrier to isolate an infected area in downtown Hanoi, July 2021. Photo: VnExpress

Vietnam's ongoing outbreak continues to grow as 4,987 new domestic Covid-19 cases were reported on the morning of July 30 in 20 localities, including 2,740 in Ho Chi Minh City.

Since the fourth wave of the pandemic sprung up in Vietnam in late April, the country has recorded 129,571 domestic cases in 62 of its 63 cities and provinces, with the northern mountainous province of Cao Bang the only one where infections have yet to be found.

Ho Chi Minh City and the southern province of Binh Duong account for most infections, with 84,521 and 11,968 cases, respectively.

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