Vingroup To Give 2,400 Ventilators to Russia and Ukraine

HANOI, VIETNAM – Media OutReach – May 7, 2020 – On May 6th 2020, the Embassy of the Russian
Federation in Vietnam and the Embassy of Ukraine in Vietnam signed a memorandum
of agreement to receive 2,400 invasive ventilators for COVID-19 treatment given
by Vingroup.

These ventilators are
expected to be delivered from May 15^th, 2020 to August 30^th,
2020.

The given models include Vsmart VFS-410 and VFS-510 — the two
“made in Vietnam” invasive ventilators which have been completed and
manufactured entirely from the Vingroup ecosystem with a localization rate of
up to 70%. This shows Vingroup’s gratitude to the two countries which are
closely attached to many generations of Vietnamese people and the country of
Vietnam as well as the places where the Group’s development originated.

Specifically, Vingroup will
give Russia 1,000 VFS-410 ventilators and 500 VFS-510 ventilators; while giving
Ukraine 600 VFS-410 ventilators and 300 VFS-510 ventilators. The estimated
delivery time is from May 15^th, 2020 to August 30^th,
2020.

The VFS-410 and VFS-510
ventilators are currently being assessed by quality management agencies and the
Medical Council of Vietnam, ensuring compliance with quality standards for
product circulation in Vietnam. At the same time, Vingroup is promoting the
supply of ventilator models for Russia and Ukraine to carry out quality
inspection procedures in accordance with their current regulations. The Group
will officially hand over 2,400 ventilators after being granted product
circulation licenses by Russia and Ukraine.

Vsmart
VFS-410 is a special upgrade of the first version of VFS-310
ventilator developed by Vingroup engineers from the community-shared design by
Massachusetts Institute of Technology (MIT). This is an invasive ventilator
based on turbine technology with similar features to high-end portable invasive
ventilators on the market. Furthermore, the ventilator is provided with sensors
that monitor and give warning about maintaining oxygen levels, positive
end-expiratory pressure, measure patient breathing, and self-adjust to
synchronize with this breath. The ventilator is compact, lightweight, and
portable which can be used for ambulances or emergency cases at the scene and
hospitals after Covid-19 pandemic is controlled.

VSmart
VFS-510 subjects to technology transferred and improvement
from a commonly used ventilator from U.S.-based Medtronic, the world’s leading
producer of breathing apparatus. VFS-510 is compact, lightweight, and portable
with 6 flexible breathing modes that can be used for both adult and pediatric
patients who need invasive or noninvasive breathing support as directed by
their physicians.

Their international
standard performance enable VFS-410 and VFS-510 to not only timely meet the
immediate needs for COVID-19 treatment but also continue to be used used
effectively in intensive care unit (ICU) of medical facilities with long-term
value and effectiveness.

Mr. Nguyen Viet Quang –
Vice Chairman and CEO of Vingroup said that: “By giving 2,400 invasive ventilators, Vingroup hopes to actively
contribute to the effective treatment of medical forces in Russia and Ukraine
for patients and control of Covid-19 pandemic. This shows the gratitude of the
Group’s management to the two countries for their close connection with the
startup process of Vingroup.”

Up to now, Vingroup is one
of the pioneer enterprises in Asia in sponsoring and supporting the fight
against the COVID-19 pandemic with a total sponsorship fund of nearly VND 600
billion excluding funding for investment in manufacturing ventilators.

The successful production
of “Made in Vietnam” ventilators in record time and proactive giving them to
countries that are facing complex difficulties caused by COVID-19 continues to
affirm the spirit of mutual affection – “the leaves protect tattered ones” and
the tradition “when drinking water, think of its source” of the Vietnamese
people.

Reference
information:

As
reported by the worldometers.info
statistics, by 7am May 6th 2020, there are more than 3.7 million Covid-19 cases
and nearly 258,000 deaths in the world. Russia is gradually becoming the
currently hottest spot of COVID-19 pandemic, with a total of 155,370 SARS-CoV-2
confirmed cases and 1,451 deaths. While Ukraine’s Ministry of Health reported a
total of 12,697 COVID-19 confirmed cases and 316 deaths as of May 6th 2020.