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Vingroup Joint Stock : Vietnam says more U.S. vaccine donations expected after first 5 mln doses

07/25/2021 | 08:27am EDT

HANOI, July 25 (Reuters) - Vietnam may get more COVID-19 vaccine donations from the United States as it struggles to control outbreaks of the fast-spreading Delta variant, the country's ambassador to the United States said on Sunday.

Vietnam took delivery of a shipment of 3 million Moderna doses from the United States on Sunday, which brought the amount given by the United States, via the global COVAX vaccine scheme, to 5 million doses.

"The U.S. side has said it is also considering more vaccine donations to Vietnam soon," the ambassador to the United States, Ha Kim Ngoc, said in a speech posted on a government website.

Vietnam successfully contained the virus for much of the pandemic, but has faced recent rapid outbreaks of infections, with daily cases repeatedly hitting new highs.

Vietnam is also in talks with the United States on domestic production of mRNA vaccines, its foreign ministry said on Thursday, adding that production could begin in the fourth quarter or early in 2022.

Health Minister Health Nguyen Thanh Long said on Sunday that construction of a plant producing vaccines under U.S. technology was underway, adding that production would start in the first half of 2022. It was not clear if he was referring to the same plan mentioned by the foreign ministry.

The foreign ministry and Long did not identify the U.S. and Vietnamese companies involved in the plans.

State media reported on Saturday Vietnamese conglomerate Vingroup was in talks with San Diego-headquartered Arcturus Therapeutics Holding on mRNA vaccine production.

Clinical trials could begin in Vietnam in August, the Tuoi Tre newspaper reported, adding that the firms could produce 100 million to 200 million doses a year under such a deal.

Vingroup and Arcturus did not immediately respond to requests for comment.

The health ministry reported 7,531 infections on Sunday, just down from Saturday's record daily increase of 7,968.

In all, it has recorded more than 98,000 infections and at least 370 deaths, most in the southern commercial hub of Ho Chi Minh City and its neighbouring provinces. (Additional reporting by James Pearson Editing by Frances Kerry)

ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
MODERNA, INC. -1.41% 340.88 Delayed Quote.226.29%
VINGROUP JOINT STOCK COMPANY 3.04% 95000 End-of-day quote.-1.22%
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Sales 2021 137 296 B 6 041 M 6 041 M
Net income 2021 3 621 B 159 M 159 M
Net Debt 2021 108 332 B 4 767 M 4 767 M
P/E ratio 2021 62,9x
Yield 2021 -
Capitalization 351 649 B 15 423 M 15 473 M
EV / Sales 2021 3,35x
EV / Sales 2022 2,59x
Nbr of Employees 88 220
Free-Float 23,4%
Duration : Period :
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Technical analysis trends VINGROUP JOINT STOCK COMPANY
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Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 95 000,00 VND
Average target price 118 805,64 VND
Spread / Average Target 25,1%
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Managers and Directors
Quang Viet Nguyen Vice Chairman & Chief Executive Officer
Vuong Nhat Pham Chairman
Hiep Khac Le Vice Chairman
Marc Villiers Townsend Independent Director
Hang Thuy Pham Vice Chairman
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