Vietnam, Russia sign cooperation agreement on vaccine production

NDO/NA - Vietnamese pharmaceutical company VABIOTECH and Sovico Group signed a cooperation agreement with Russian Direct Investment Fund (RDIF) on the supply and production of Sputnik V COVID-19 vaccine in Vietnam in Moscow on December 2 with the witness of President Nguyen Xuan Phuc.

VABIOTECH and Sovico Group sign a cooperation agreement with Russian Direct Investment Fund (RDIF) on the supply and production of Sputnik V COVID-19 vaccine in Vietnam (Photo: VNA)
VABIOTECH and Sovico Group sign a cooperation agreement with Russian Direct Investment Fund (RDIF) on the supply and production of Sputnik V COVID-19 vaccine in Vietnam (Photo: VNA)

The deal also covers the expansion of Sputnik V vaccine supply sources in Vietnam as well as nearby countries and territories, and the collaboration in technology transfer and quality check.

The T&T Group of Vietnam signed a memorandum of understanding with the RDIF and Binnopharm Group on the transfer of production technology and the formation of a research centre and a facility with full process of Sputnik V COVID-19 vaccine production in Vietnam.

Accordingly, the RDIF will transfer necessary vaccine production technologies and give comprehensive support to selected Vietnamese partners to ensure that the Vietnamese-produced vaccine meets the standards of Russian-made vaccines.

In Vietnam, Sputnik V vaccine was licensed by the Ministry of Health on March 23, 2021 for urgent use. On July 21, VABIOTECH announced that it successfully manufactured the vaccine in Vietnam.

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The same day, with the witness of President Nguyen Xuan Phuc, Vietnamese and Russian businesses also signed many cooperation deals in many areas, including transport vehicle manufacturing, cybersecurity in finance-banking sector, culture, music, energy, and sports.