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Vietnam’s Vingroup to donate 2,400 domestically produced ventilators to Russia, Ukraine

Friday, May 08, 2020, 08:45 GMT+7
Vietnam’s Vingroup to donate 2,400 domestically produced ventilators to Russia, Ukraine
A VFS-510 ventilator prototype manufactured by Vietnamese conglomerate Vingroup

The embassies of Russia and Ukraine in Vietnam have signed memoranda of agreement on Wednesday with Vietnam's biggest listed firm Vingroup for the future transfer of 2,400 invasive ventilators manufactured by the firm.

Two models of ventilators produced by Vingroup — the VFS-410 and the VFS-510 — will be donated to the countries.

Russia will receive 1,000 VFS-410 ventilators and 500 VFS-510 ventilators, while Ukraine will get 600 VFS-410 ventilators and 300 VFS-510 ventilators, according to the consensus.

Delivery will be made between May 15 and August 30.

The two made-in-Vietnam ventilator models are manufactured completely within the Vingroup ecosystem, boasting a localization rate of up to 70 percent.

The VFS-410 and VFS-510 have been assessed by quality management and health bodies in Vietnam to ensure strict compliance with relevant standards for use in Vietnam.

The two models of ventilators are expected to not only meet the current domestic demand for novel coronavirus disease (COVID-19) treatment equipment but also prove useful for local intensive care units in the future with long-term value and efficacy, said Nguyen Nhat Quang, vice-chairman and CEO of Vingroup.

Quang revealed that the company is working to accelerate the delivery and support Russia and Ukraine in conducting quality control procedures to adhere to the respective countries' criteria.

The firm looks forward to the shipment of the products after requisite certificates of quality are obtained.

“This shows Vingroup's gratitude to the two countries for their close connection with the startup phase of the group as well as their strong bonds with Vietnam and its people,” Quang said.

Vingroup was founded in Ukraine in 1993 as a dried foods producer by Pham Nhat Vuong, who is currently the group's chairman.

The company started operations in Vietnam in the early 2000s and sold its Ukraine business to Nestlé in 2009, according to the Vietnam Investment Review, a news site run by the Ministry of Planning and Investment.

The group said last month it would start producing ventilators for the Southeast Asian country's fight against the new coronavirus and would be able to produce up to 55,000 units a month at its existing automobile and smartphone factories.

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