COVID-19 vaccine fund receives over VND81 billion

The Ministry of Finance and the management board of Vietnam's COVID-19 vaccine fund organised a ceremony on July 16 to receive more than VND81 billion (US$3.52 million) worth of donations from 18 organisations and individuals.

Among the donors were the Pou Chen Corporation with US$1 million; Fast Retailing group VND11 billion; Prudential Vietnam Assurance Private Limited VND5 billion; the National Citizen Bank VND3 billion; Vietnam Air Traffic Management Corporation VND3 billion; and an overseas Vietnamese family in Australia  AUD10,000.

Other names included the University of Mining and Geology VND150 million, the Public Bank Vietnam VND228 million and K-Group  over VND217 million.

Speaking at the ceremony, Minister of Finance Ho Duc Phoc thanked the donors for their contributions to the fund.

According to the latest data, as of 5pm on July 16, the fund obtained VND8,159 billion from 452,585 organisations and individuals.

The vaccine fund is set up to receive, manage, and use voluntary financial and vaccine donations and assistance from domestic and foreign organisations and individuals, along with other legal sources, for the COVID-19 vaccine procurement and import, research and production in the country, and the provision of vaccines for people.

Managed by the Ministry of Finance, the not-for-profit fund uses the mobilised capital resources for right purposes and in line with legal regulations, ensuring publicity, transparency and efficiency.  

Vietnam needs 150 million doses of vaccines to administer about 75 percent of its population this year, with total cost amounting to VND25.2 trillion (US$1.09 billion).

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