A factory producing Russia’s Sputnik V vaccine against Covid-19 will be built in Vietnam within one year and is expected to produce 30-40 million doses annually, Chairman of Russian pharmaceutical company Binnopharm Dmitry Zubov told.
Earlier this month, Binnopharm and the Russian Direct Investment Fund signed a memorandum of understanding with Vietnam’s T&T Group on the transfer of production technology and the formation of a facility with full cycle production capacity of Sputnik V Covid-19 vaccine in Vietnam.
Sputnik V vaccine.
According to Zubov, the time of one year for construction is feasible, as Binnopharm has just built another factory in Belarus in eight months.
He said this will be a multi-purpose and closed-cycle factory using advanced German equipment. It can produce other vaccines as well.
He considers this an important basis for Russia to strengthen cooperation with Vietnam on pharmaceuticals, thereby entering the Southeast Asian market.