Vietnam to set up $1.1 billion COVID-19 vaccine fund

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HANOI — Vietnam plans to set up a 25.2 trillion dong ($1.1 billion) fund to acquire 150 million COVID-19 vaccine doses for its population, the Ministry of Finance said in a statement on Thursday.

The ministry had submitted the plan to the government for approval, it said, adding that the fund will use money mainly from the state budget.

After successfully containing the coronavirus for most of last year, Vietnam is battling a new outbreak that is spreading more quickly, infecting 1,677 people since late April, including hundreds of factory workers in northern provinces.

Bac Giang province, an epicenter of the outbreak, this week temporarily shut down four industrial parks,…

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