return icon

Vingroup pledges US$861,000 for coronavirus research in Vietnam

Nearly VNĐ20 billion (US$861,000) has been pledged by Vingroup to fund research projects on the novel coronavirus (COVID-19).



A Vingroup representative (centre) shakes hands with research groups. — Photo courtesy of Vingroup


Vingroup Innovation Foundation (VINIF) and Vingroup Big Data Institute (VINBDI) on Thursday signed a sponsorship agreement with The Company for Vaccine and Biological Production No.1 (Vabiotech), Pasteur Institute in HCM City and Institute of Preventive Medicine and Public Health to develop a vaccine, warning system and comprehensive research on the virus.

Vabiotech will get VNĐ8 billion ($345,000) for a project led by Doctor Đỗ Tuấn Đạt.

The Pasteur Institute in Ho Chi Minh City will receive a grant of nearly VNĐ7.5 billion ($323,000) for the project on the epidemiological characteristics of coronavirus, led by Associate Professor Phan Trọng Lân.

The project to develop a national early warning system for the epidemic led by Associate Professor Lê Thị Hương of the Institute of Preventive Medicine and Public Health will get VNĐ4 billion ($193,000).

All funding will be used by these organisations for research and producing test kits for disease diagnosis; researching treatment regimens; research and manufacture of vaccines; research on the epidemiological characteristics, viral characteristics and transmission ability of the virus.

Vabiotech is expected to produce 1,000 doses of novel coronavirus (COVID-19) vaccine.

Speaking at the event, Phan Thi Hà Dương, managing director of Vingroup Innovation Foundation (VINIF), Vingroup Big Data Institute (VINBDI), expressed high hopes over Việt Nam’s scientific contributions in controlling the epidemic.

“Aiming to promote scientific and technological research in Viet Nam, we look forward to empowering scientists in research on disease prevention and control which will be very effective with the cooperation of the State. Despite being urgent, the selected projects have been reviewed strictly by the National Council or the Science Council of the Foundation,” she said

This agreement makes Vingroup the first private enterprise to work with the State in controlling the virus and protecting public health. — VNS

Coronavirus: The noted victims of the virus in Wuhan

Coronavirus: The noted victims of the virus in Wuhan

A bodybuilder, a watercolour artist and a film director are amongst those who have died in Wuhan.


Vietnamese banks that 'disappear' from the market

Some banks used to be very popular, with hundreds of thousands of customers, but they gradually disappeared from the market because of many reasons.

Discovering Hanoi’s famous incense making village

The craft village with a tradition of more than 100 years impresses visitors for its space that is filled with vibrant colors such as blue, red, yellow, etc. of beautifully shaped bouquets of incense.

Vietnam to reassert its position on the world coffee map

Vietnam is the world's second largest coffee exporter, but its impact on the world coffee market is not commensurate with its position, experts say.


Coffee exports to Netherlands enjoy three-digit growth

Youngest female Vietnamese Associate Professor receives Kovalevskaia Awards 2022

Prof. Dr. Le Minh Thang on March 7, 2023 was presented the 2022 Kovalevskaia Awards 2022 by Prime Minister Pham Minh Chinh.

Third pedestrian street opens in Hue City

The Hai Ba Trung Pedestrian Street was opened on Sunday evening in Hue City, becoming the third walking street in the central province of Thua Thien-Hue.

Entertainment and cultural events of the week (March 27-April 2)

Entertainment and cultural events in Vietnam's major cities on March 27-April 2.


Vietnam wins 17 prizes at International Robothon 2023

K'Duong breaks three youth weightlifting world records

Vietnamese weightlifter K'Duong broke three youth 55kg world records during the 2023 International Weightlifting Federation (IWF) World Youth Championships on March 26 which is taking place in Albania.

Struggling hoteliers seek Government support to revive from COVID-19 crisis

Small- and medium-sized hotels in HCM City are struggling with low occupancy rates and labour shortages, and are in need of support to recover from a COVID-19-induced slump, according to the municipal Department of Tourism.

Lion Championship MMA returns, first fight in Hanoi on April 1

The second season of the Lion Championship mixed martial arts will be back with great fighters and frightening fights in April.

Driftwood space launches in Hoi An

The first ever wood recycle space – driftwood village’s studio – has been launched in the ancient’s Cam Ha Commune on the most favourite bicycle riding road connecting the Old Quarter and An Bang beach.

Hoi An to host International Choir Competition

The event has received registrations from 20 teams representing nine countries and territories, and will feature 13 events with eight grades held at the city’s theatre.

Big race for investment in e-commerce logistics

An increase in online sales has put pressure on the logistics system, thereby triggering the race to invest in Vietnam's e-commerce logistics, according to insiders.

Banks underwriting bonds should buy back bonds: VN central bank

Commercial banks that underwrite and sell corporate bonds have to buy them back if investors so demand, the central bank has said.