• Menu
  • Menu
  • Business
  • Subscribe now
    Digital subscription Print subscription Print+Digital (Bundle)
  • Logout
Digital subscription
Print subscription
Print+Digital (Bundle)
Trending
UAE holidays 2022 Golf in UAE Gratuity Calculator Mind Your Migraine
  • Latest News
  • UAE
    • Crime
    • Education
    • Environment
    • Government
      • Sheikh Khalifa passes away
    • Health
      • Why Worry
    • Transport
    • Science
    • Weather
    • Ask the Law
    • Reader Complaint
    • UAE's Hope Probe
  • Living In UAE
    • Visa+Immigration
    • Housing
    • Phone+Internet
    • Banking
    • Transport
    • Health
    • Education
    • Relocate
    • Ask Us
    • Safety+Security
  • UAE Success Stories
  • Business
    • Banking
    • Aviation
    • Property
    • Energy
    • Analysis
    • Tourism
    • Markets
    • Retail
    • Corporate News
  • Best Buys
    • Electronics
    • Home and Kitchen
    • Offers
    • Consumables
    • Lifestyle
  • Your Money
    • Saving and Investment
    • Budget Living
    • Taxation
    • Expert Columns
    • Community Tips
    • Cryptocurrency
  • Food
    • Cooking and Cuisines
    • Guide to Cooking
  • Games
    • Daily Crossword
    • Sudoku
    • Word Search
    • Spell It
    • Play
  • Play Games
  • Parenting
    • Pregnancy & Baby
    • Learning & Play
    • Child Health
    • For Mums & Dads
    • Ask Us
    • Games
  • Discounts
  • Magical Dubai
    • Dubai Life
    • Live the Luxury
    • Culture and History
    • Adventure
    • Staying Connected
  • World
    • Gulf
      • Bahrain
      • Kuwait
      • Oman
      • Qatar
      • Saudi
      • Yemen
      • Games
    • Mena
    • Europe
    • Africa
    • Americas
    • Asia
      • India
      • Pakistan
      • Philippines
    • Oceania
    • Offbeat
    • Coronavirus
    • Infographics
    • Special Reports
    • Games
    • Corrections
  • Special Reports
  • Photos
    • News
    • Entertainment
    • Readers' Photos
    • Lifestyle
    • Business
    • Sports
  • Opinion
    • Editorials
    • Op-Eds
    • Letters
    • Off the Cuff
    • From the Editors
  • Sport
    • UAE Sport
    • Horse Racing
      • Dubai World Cup
    • Cricket
      • IPL
        • Chennai
        • Delhi
        • Punjab
        • Kolkata
        • Mumbai
        • Rajasthan
        • Bangalore
        • Hyderabad
        • Gujarat
        • Lucknow
        • Live Scores
        • Point Table
        • Top Scorers
      • ICC
    • Motorsport
    • Football
    • Tennis
    • Rugby
    • Golf in UAE
      • UAE
      • World
      • Photos & Videos
      • Course Reviews
      • Eagle Eye
      • Learn to Play
      • Gear
  • Entertainment
    • Hollywood
    • Bollywood
    • Pakistani Cinema
    • South Indian
    • Arab Celebs
    • Music
    • TV
    • Books
    • Theatre
    • Arts+Culture
  • Expo 2020
    • News
    • Photos
    • Pavilions
    • Visit the Expo
    • Experience the UAE
    • Entertainment
    • Videos
  • Going Out
  • Auto
    • News
    • Test Drives
    • Car Culture
    • Auto Care
  • Lifestyle
    • Health+Fitness
    • Community
    • Fashion
  • GN Reach
  • Jobs
  • Tech
    • Electronics
    • Gaming
    • Media
  • Videos
    • How-To
    • Best Of Bollywood
    • News
    • Entertainment
    • Business
    • Sport
    • Community
    • Technology
  • Travel
  • GN Focus
    • Special Features
  • Mind Your Migraine
  • 50 MENA Leaders
  • The Kurator
    • Share
    • Dare
    • Flair
  • Bayat Chapters
  • Gold-Forex
  • Gratuity Calculator
  • Notifications
  • Gold/Forex
  • Prayer Times
  • Cinema Listing
  • Newsletters
  • About Gulf News
  • Contact us
  • Work with us
  • Terms and Conditions
  • Privacy Policy
  • Gulf News store
  • Advertise with us
  • Reach by GN
  • GN Focus
  • Gulf News epaper
  • Sitemap
  • Have your say
  • © Al Nisr Publishing LLC 2022. All rights reserved.
    Meet the Vietnamese billionaire who helps the world beat COVID-19

    Photos

    Login / Sign Up
    Logout
    Monday, June 27, 2022
    Gold / Forex

    Photos Business

    • News
    • Entertainment
    • Readers' Photos
    • Lifestyle
    • Business
    • Sports
    All Sections

    Meet the Vietnamese billionaire who helps the world beat COVID-19

    It's an unlikely story: How a Hanoi-based company now helps solve part of the pandemic


    Published:  September 09, 2020 13:37 Jay Hilotin, Senior Assistant Editor

    1 of 12
    DISPLAY: VSmart VFS-510 ventilators are displayed last month on the production line at the Vinsmart factory, operated by Vingroup JSC, in Hanoi, Vietnam.
    MADE IN VIETNAM VENTILATORS: Vingroup's ventilators cost around $7,000 in Vietnam, 30% less than a competing model from than Medtronic, whose open-source design was copied by Vinsmart. Photo shows VSmart VFS-510 ventilators displayed on the production line at the Vinsmart factory, operated by Vingroup JSC, in Hanoi, Vietnam. Image Credit: Bloomberg
    2 of 12
    362334783_0-14-(Read-Only)
    FACTORY FLOOR: Employees conduct operational checks on ventilators while working on the production line at the Vinsmart factory, operated by Vingroup JSC, in Hanoi, Vietnam. Image Credit: Bloomberg
    3 of 12
    PROGRESS REPORT: Employees make a phone call to report progress and receive guidance while working on the ventilator production line at the Vinsmart factory, operated by Vingroup JSC, in Hanoi, Vietnam.
    PROGRESS REPORT: Employees make a phone call to report progress and receive guidance while working on the ventilator production line at the Vinsmart factory, operated by Vingroup JSC, in Hanoi, Vietnam. Image Credit: Bloomberg
    4 of 12
     Hanoi-based billionaire Pham Nhat Vuong
    FROM REAL ESTATE TO ELECTRIC VEHICLES TO VENTILATORS: Hanoi-based billionaire Pham Nhat Vuong, 51, believes his company, Vingroup JSC, makes ventilators faster — and for less money. "For the time being, we will focus on producing lots of ventilators — and doing it really well." Image Credit: Vingroup
    5 of 12
    Vinsmart ventilators 1010
    VENTILATORS: Production staff conduct operational checks on ventilators while working on the production line at the Vinsmart factory, operated by Vingroup JSC, in Hanoi, Vietnam. Image Credit: Bloomberg
    6 of 12
    362334762_0-14-(Read-Only)
    $7,000 VENTILATOR: An employee assembles a ventilator on the production line at the Vinsmart factory. Vingroup's ventilators cost around $7,000 in Vietnam, 30% less than Medtronic's own model. Image Credit: Bloomberg
    7 of 12
    TESTING: Vinsmart 0110
    TESTING: Vinsmart, the electronics arm of Vingroup, has started mass production of ventilators both for the domestic market and export after its model, known as VFS-510, was approved by the Ministry of Health. The company said that VFS-510 has undergone rigorous independent quality testing procedures at various top-level hospitals such as Bach Mai Hospital and 103 Military Hospital with close monitoring and evaluation from highly-qualified doctors and medical experts. Image Credit: Vinsmart
    8 of 12
    Medtronic Plc, Vietnamese billionaire Pham Nhat Vuong's Vingroup submitted a working ventilator for regulator approval
    OPEN-SOURCE DESIGN: Using an open-source design from device maker Medtronic Plc, Vietnamese billionaire Pham Nhat Vuong's Vingroup submitted a working ventilator for regulator approval in mid-April. While the company waits for Vietnam's regulators to give the go-ahead, ventilators are rolling off the assembly line. Image Credit: Vingroup
    9 of 12
    ftc_3103_ventilators10
    MATTER OF LIFE AND DEATH: In the worst cases of COVID-19, the SARS-CoV-2 virus attacks the lungs, making it harder to get oxygen to the bloodstream. A ventilator can be the difference between life and death, and there aren't enough of them. By one estimate, the world's hospitals could use another 800,000. Image Credit:
    10 of 12
    ftc_3103_ventilators05
    PRODUCTION: An undated photo released by the UC London shows ventilator components. Vingroup runs a handful of hospitals and clinics, but being a medical device manufacturer hadn't been on the agenda. But with the decision to manufacture ventilators, Vingroup said the company could produce as many as 55,000 a month and plans to export them wherever there's demand. Vingroup says it'll donate several thousand to Ukraine and Russia, where Vuong has long-standing business ties. Image Credit:
    11 of 12
    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%
    DONATION: Vingroup has also announced that it has donated 2,400 ventilators to Russia and Ukraine for COVID-19 treatment. The models models include Vsmart VFS-410 and VFS-510 — the two “made in Vietnam” ventilators manufactured by Vingroup. Up to 70% of the components were sourced in Vietnam, the company said. Image Credit: Vinsmart
    12 of 12
    ELECTRIC SCOOTERS AND EVS ietnam National Petroleum Group
    ELECTRIC SCOOTERS AND EVS: Vingroup and Vietnam National Petroleum Group (Petrolimex) have recently signed an agreement to jointly build charging stations for electric vehicles produced by VinFast. VinFast, a unit of Vietnam’s largest conglomerate Vingroup JSC, is building a USD3.5‐billion electric scooter and electric car production complex in northern Vietnam. Image Credit: Vingroup

    Trending

    • Expo City Dubai will redefine ‘being self-contained’

      Expo City Dubai will redefine ‘being self-contained’


    • Flying out? Here are fares for popular holiday spots

      Flying out? Here are fares for popular holiday spots


    • Look: A glimpse of Wahat Al Karama in Abu Dhabi

      Look: A glimpse of Wahat Al Karama in Abu Dhabi

    Latest In

    • Dubai announces regulations, services for 3D printing

      16 minutes ago

    • Bilawal launches hybrid bus service in Karachi

      17 minutes ago

    • Vietnam halts scuba diving off island to protect coral

      31 minutes ago

    • Look: Chelsea want Juventus defender De Ligt

      50 minutes ago

    • A bulge that does not budge

      51 minutes ago

    Go back to top
    Network links:
    • Friday
    • Watch Time
    • getthat
    • Jobs
    • About Gulf News
    • Contact us
    • Work with us
    • Terms and Conditions
    • Privacy Policy
    • Gulf News store
    • Advertise with us
    • Reach by GN
    • GN Focus
    • Gulf News epaper
    • Sitemap
    • Have your say
    Find us on Social
    © Al Nisr Publishing LLC 2022. All rights reserved.
    This website stores cookies on your computer. These cookies are used to improve your experience and provide more personalized service to you. Both on your website and other media. To find out more about the cookies and data we use, please check out our Privacy Policy.
    Share on Facebook
    Share on Twitter
    Share on Whatsapp
    Share on Mail
    Share on LinkedIn
    Close
    Gulf News

    Get Breaking News Alerts From Gulf News

    We’ll send you latest news updates through the day. You can manage them any time by clicking on the notification icon.

    Subscribe No Thanks
    Continue reading Gulf News
    Dear Reader, please register to read gulfnews.com

    Dear Reader,

    This section is about Living in UAE and essential information you cannot live without.

    Register to read and get full access to gulfnews.com

    Create your account
    or login if you already have one
    First name is required.
    Last name is required.
    Please enter a valid email address.
    Password should have minimum 7 characters with at least one letter and number
    Passwords do not match

    By clicking below to sign up, you're agreeing to our Terms of Use and Privacy Policy

    Login your account
    New to Gulf News? Sign up now
    Please enter your email address.
    Please enter your password.

    Forgot password

    or