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Vingroup to produce Covid-19 vaccine

Property developer Vingroup has just established a company to produce a Covid-19 vaccine.

Property developer Vingroup has just established a company to produce a Covid-19 vaccine.

According to the National Business Registration Portal, the Vinbiocare Bio-Technology Joint Stock Company was established on June 3, 2021 with charter capital of VND200 billion (USD8.7 million) of which 69 per cent coming from Vingroup.

Vingroup Deputy CEO, Mai Huong Noi, is chair-woman of Vinbiocare.

Based at Techno Park Building, Vinhomes Ocean Park, in Hanoi's Gia Lam District, Vinbiocare focuses on medicine production including vaccines.

Earlier in February 2021, Vingroup Innovation Foundation funded three coronavirus research projects by The Company for Vaccine and Biological Production 1, Pasteur Institute in Ho Chi Minh City and Institute of Preventive Medicine and Public Health.
Source: dtinews.vn
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