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Vietnam's Richest Man Plans Ventilator Exports for Covid-19 Cases


Vuong believes his company, Vingroup JSC, can do it faster and for less money. Using an open-source design from device maker Medtronic Plc, Vingroup submitted a working ventilator for regulator approval in mid-April. While the company waits for Vietnam’s regulators to give the go-ahead, ventilators are rolling off the assembly line. Vingroup’s ventilators cost around $7,000 in Vietnam, 30% less than Medtronic’s own model. The company also says it could produce as many as 55,000 a month as soon as the government approves them and plans to export them wherever there’s demand. Vingroup says it’ll donate several thousand to Ukraine and Russia, where Vuong has long-standing business ties.

Bloomberg - June 8, 2020

View the full story here: https://www.bloomberg.com/news/features/2020-06-08/vietnam-s-richest-man-plans-ventilator-exports-for-covid-19-cases