(VOVWORLD) - VinSmart Research and Production Joint Stock Company of Vietnam’s conglomerate Vingroup has officially announced its strategic agreement with Medtronic PLC to manufacture components for Medtronic’s ventilators.
Their first batch of air blowers was exported in the first week of August. Vingroup will export some 50,000 air blowers to the US and Ireland by the end of this year.
Previously, Vingroup received the technology for producing PB560 ventilators under a permissive license from Medtronic. After three months of research based on this specific model, Vingroup successfully developed VSmart ventilator, VFS-510, with 70% localized components, including air blowers, circuit board, and battery. The production has been licensed by the Vietnamese Ministry of Health and has exported to Russia, Ukraine, and Singapore.