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HANOI, VIETNAM – Media OutReach – July 22, 2021 – On July 12, the Vietnamese government issued Resolution No. 73/NQ-CP, allowing T&T Group to purchase Sputnik V vaccines from the Russian Federation without using resources from the state budget or Vietnam’s COVID-19 Vaccine Fund.
The government’s resolution said that at the request of the vaccine manufacturer, the government agreed to a proposal from the Ministry of Health to sign an agreement that removes liability for the use of the Sputnik V vaccine. The agreement is similar to the one signed by the Ministry of Health when Vietnam Vaccine Joint Stock Company (VNVC) purchased a stock of BNT162 vaccine from Pfizer and AZD1222 vaccine from AstraZeneca.
The Vietnamese authorities will be responsible for import licensing, inspection and quality control of vaccines, and organize free injection of all 40 million doses of vaccines listed above under regulations.
The Ministry of Health implemented the government’s resolution and sent an official message to the Russian Direct Investment Fund (RDIF) proposing them to the T&T Group to negotiate the purchase of 40 million doses of the Sputnik V vaccine. .
In the document, the Ministry of Health proposes that RDIF grant favorable terms to T&T Group to purchase the Sputnik V vaccine in July 2021 to meet the urgent need to curb the spread of COVID-19 in Vietnam.
Mr. Do Quang Hien, Chairman and General Manager of T&T Group, said: “As we are socially responsible and want to give the Vietnamese people a safer and better life, we were very honored and proud when the government agreed to allow us to negotiate to buy 40 million doses of Sputnik V vaccine from the Russian Federation.”
“With 28 years of experience, a strong reputation and great financial potential, along with many member units who have been active in the health and pharmaceutical field for many years, T&T Group will do everything it can to successfully carry out this great mission. “
“At the same time, we look forward to a long-term strategic relationship with the world’s leading pharmaceutical companies not only in importing vaccines, but also in receiving and transferring vaccine manufacturing technology to Vietnam. “
Founded in 1993, T&T Group is one of the leading multi-sector private economic groups in Vietnam. It has more than 80,000 employees in Vietnam and representative offices in many countries such as USA, Russia, Germany and Australia.
Currently, T&T Group is active in several key sectors: finance and investment, real estate, industry and trade, logistics, traffic infrastructure, seaports, energy, environment and minerals, agriculture, forestry and fisheries, health, education and sports.
With outstanding business achievements and community contributions, T&T Group has been honored twice with the award of the First-class Labor Medal and many other noble awards.
Mr. Do Quang Hien was also honored to receive the First Class Labor Medal in 2019, awarded by the President of the Socialist Republic of Vietnam, and the Asian Entrepreneur Award in 2017, presented by Enterprise Asia, Asia’s leading NGO.
Since the outbreak of the COVID-19 pandemic in early 2020, T&T Group and its affiliated units have donated more than $21.7 million for COVID-19 prevention and control activities in Vietnam.
For cooperation, please contact:
Mrs. Nguyen Van Huong
Department of International Trade and Investment Promotion
E-mail: [email protected]
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