AstraZeneca to fulfill Vietnam's 30 million vaccine doses order in November


  • Vietnam
  • Wednesday, 03 Nov 2021

Chinh (centre) and his delegation meeting with AstraZeneca executives during his trip to the United Kingdom. - Vietnam News/Asia News Network

HANOI (Vietnam News/Asia News Network): Vietnamese Prime Minister Phạm Minh Chinh on Tuesday (Nov 2) witnessed the signing of various cooperation agreements with AstraZeneca, as part of his trip to the United Kingdom to attend the United Nations Climate Change Conference.

The British-Swedish multinational pharmaceutical and biotechnology company and Vietnamese partners have reached deals on promoting the biopharmaceutical industry in Vietnam and assisting Vietnam's Covid-19 response.

AstraZeneca is set to invest about two trillion dong (US$90mil) to support Vietnam’s pharmaceutical capacity, giving patients better access to high-quality drugs that are manufactured in Vietnam.

It is expected that over the next ten years there would be three major drugs manufactured in Vietnam that would be available.

Under the guidance of the Health Ministry, AstraZeneca will choose a partner in Vietnam to transfer production technology and provide the necessary expertise and technical processes to ensure the AstraZeneca’s therapeutic products for non-communicable diseases produced in the country will meet the group's global standards.

This new investment announcement follows AstraZeneca's five trillion dong (US$220mil) investment in Vietnam for the period 2020-24 announced in 2019.

In addition, AstraZeneca and Vietnam Vaccine Joint Stock Company (VNVC) signed an agreement to supply an additional 25 million doses of AstraZeneca Covid-19 vaccine, on top of the current 30 million dose deal, and AstraZeneca’s long-acting monoclonal antibody treatment that could provide protection from Covid19 for six to 12 months.

When the health ministry approves this treatment, Vietnam would be one of the first countries to have access to this product.

Speaking at a meeting with the company’s leaders, Chinh said he highly appreciates the position, role and importance of AstraZeneca in the prevention of the global Covid-19 pandemic, and thanked AstraZeneca for being the first company to supply Covid-19 vaccines to Vietnam during the pandemic.

To date, Vietnam has received about 22 million doses of the AstraZeneca vaccine under the contract signed with the company, and has also received about 30 million doses through the Covax mechanism and donation/transference from other countries with the consent of AstraZeneca.

He stressed that vaccines have helped Vietnam overcome the severe fourth wave of infections and enabled the country to transition to a "safe, flexible adaptation, and effective control of disease."

Chinh suggested AstraZeneca soon hand over the remaining vaccines committed to Vietnam on schedule.

“In the past months, we have been buying the speed of vaccine delivery, not just the vaccines themselves,” he noted.

He said he wishes to see AstraZeneca expand its long-term investment and contribute to Vietnam’s health security and public health efforts, and pledged to create favourable conditions, including expedited procedures, for the group to do this.

Chinh highlighted the advantages for AstraZeneca when operating in Vietnam such as a potential domestic market that enjoys incentives by 60 countries around the world with which Vietnam has signed free trade agreements.

Vietnam also boasts the most open economy in South-East Asia, he added.

“I hope that what we achieved today marks just the beginning of a long journey of strategic cooperation between Vietnam and AstraZeneca," said Chinh.

"The beginning could be difficult, but that needs to happen, and this would be the basis for the hope that this relationship will soon bear the best fruits.”

AstraZeneca CEO Pascal Soriot said his company will work to fulfill the 30 million order within November, and start delivery of the new order in December.

He expressed his hope for vaccine production in Vietnam while vowing to allocate resources to support the country in digital and smart health solutions to help reduce CO2 emissions, contributing to environmental protection.

Article type: free
User access status:
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Vietnam , AstraZeneca , Covid-19 vaccine

   

Next In Aseanplus News

Bangkok polls may tip in favour of the opposition
Cracks showing after historic win
S’pore hopes for full connectivity with M’sia in months
Focus on medical tourism
Over 1,000 Laotians find jobs in S. Korea
RCEP, CCFTA inject new impetus into bilateral trade
NK’s suspected virus caseload nears two million
Crash probe info ‘not leaked’
Trapped ferry with over 800 on board freed
Biometric verification for travellers in the works

Others Also Read