The fund is scheduled to officially make its debut in Hanoi on Saturday at an event to be attended by Prime Minister Pham Minh Chinh, officials from the Vietnam Fatherland Front, ministries, sectors, and socio-political organisations, and representatives of the people and the business community.
The fund has been 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 COVID-19 vaccine procurement and import, internal research and production, and provision.
According to Director of the Ministry of Finance’s State Budget Department Vo Thanh Hung, the Ministry of Health has said Vietnam needs 150 million doses of COVID-19 vaccine costing 25.2 trillion dong (1.1 billion USD) to inoculate the roughly 75 million people needed to reach herd immunity.