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)

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.

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.

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./.

Source: VNA