Vingroup, Vietnam's largest conglomerate on Monday announced it would produce ventilators and body thermometers to serve the domestic market. The Company will also donate 5,000 non-invasive ventilators to treat COVID-19 patients in Vietnam.
Vingroup's business stretches from real estate to automotive to retail and it has also expanded into technology by offering its own smartphone brand and cybersecurity services.
Vingroup claims that it has produced body thermometers for COVID-19 at much lower cost than others available on the market
For production, Vingroup signed a license agreement with US-based Medtronic to use their design for the PB560 ventilator, and also began researching a non-invasive ventilator based on the community-shared design by MIT University.
The group said the ventilators' components will be sourced externally and internally. It is expected that the first batches of components for the non-invasive ventilator will arrive in two weeks and other batches of parts will arrive in another two weeks.
