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#TnlSalutes Vingroup, one of Asia’s biggest private conglomerates that is facilitating special services to combat the pandemic in Vietnam. By Rashima Nagpal
Focussing on real estate, development, retail, and other services ranging from healthcare to hospitality, Vingroup is one of the leading multi-sector corporations in Vietnam. But in these unprecedented times, the group has adapted and is responding to the need of the hour. In an example of hospitality responding to the crisis quickly, Vinpearl, the five-star resort and entertainment brand of Vingroup, is taking many preventive measures—from sanitizing properties to education and daily temperature checking of employees—to contain the spread of COVID-19.
Vingroup has announced that it will manufacture ventilators and body thermometers. On March 30, the leaders of the group convened an emergency meeting and ordered all the research institutes of the group to stop all daily tasks and focus on finding methods to produce breathing equipment. Soon after, Vingroup signed a license agreement with US Medtronic to use their design for PB560 ventilator and began researching a non-invasive ventilator based on a community-shared design by MIT University.
With total funding of over VND 450 billion (₹1.45 billion), Vingroup is leading the way in crisis management. Apart from sponsoring 100 advanced and non-invasive ventilators, 20 COVID-19 PCR testing machines, 800 test sets, and 2,00,000 quick tests from Korea, it is also funding three research projects and helping the Ha Tinh province and Hai Phong city to combat the virus at ground level. Among other noteworthy things, the group also sponsored a Boeing Dreamliner 787 airliner to bring stranded Vietnamese back from Ukraine.
Perhaps it is this proactive strategy, shown by the government and companies like Vingroup, that has ensured zero deaths in the country (at the time of writing this story). The success story of Vietnam is so impressive that while other countries are reeling under the double whammy of a healthcare crisis and a paralyzed economy, Vietnam is slowly opening up.