HANOI -- Vietnam seeks to build on its new free trade agreement with the European Union to expand foreign investment in medical equipment and pharmaceuticals, with the government position the country as an alternative production base to China.
Vingroup's ventilator parts deal with Medtronic seeks third pillar of manufacturing
An employee displays a ventilator at a VinSmart factory near Hanoi. Medtronic will buy components made by VinSmart for ventilators to be sold in the U.S. and Ireland. © Reuters
HANOI -- Vietnam seeks to build on its new free trade agreement with the European Union to expand foreign investment in medical equipment and pharmaceuticals, with the government position the country as an alternative production base to China.