Vingroup, Vietnam’s biggest listed firm, plans to produce ventilators to fight against the new coronavirus that has infected 249 people in Vietnam as of Saturday.
The company has entered into a licence agreement with Medtronic for its ventilator production, the company said in a statement.
The firm plans to produce up to 55,000 units a month. Vietnam News Agency reports.
The group said the ventilators’ components will be sourced externally and internally.
“Vingroup has an advantage of having both the VinFast automobile factory and VinSmart electronics factory. So, we can manufacture both large and mechanical parts as well as rare, smaller parts at the same time, Vingroup Vice Chairwoman Le Thi Thu Thuy was cited by Vietnam News Agency.