The IFC said that it is helping developing countries, including Vietnam, with PPE production, with an aim to provide front-line medical staff with quality and trustworthy products and curb COVID-19 spread.
Vietnam is emerging as one of the new PPE suppliers in the global market as a number of garment companies have shifted to producing PPE to cope with medical emergency status and mitigate losses caused by their cancelled orders, it said.
The corporation added that the global demand for PPE such as medical masks, gloves, glasses, protective shoes, protective suits and respirators soared 3-4 fold during 2019-2020, which is expected to keep rising by 6-9% annually till at least 2025.
