The Company for Vaccine and
Biological Production No.1 was established under the decision No.
650/2000/QD-BYT dated March 2nd, 2000 by the Minister of Health, as a State Own Company belongs to The National
Institute of Hygiene and Epidemiology, Hanoi-Vietnam. Since May 25th,
2007 the Company was spined off the National Institute of Hygiene and
Epidemiology and became an independent company under the Ministry of Health of Vietnam.
The functions of the
Company are manufacturing and trading vaccines and biological products for
human use, analyzing samples of new developing vaccines and biological products
(including diagnostic kits and prophylaxis treatment products, pharmaceuticals;
Healthcare services..). Annually these vaccines are provided to Expanded
Program on Immunization and domestic demand.
Vaccine
is a biological product that can induce long-lasting protection immunity for
humans by active immunization. WHO, UNICEF and UNDP realize that immunization
would be the most effective intervention in overcoming infectious in community,
reducing both mortality and morbidity rates, especially amongst newborns,
children under 5 years and pregnant women.
The
annual income is about 5 millions US$.