Vingroup to launch smartphone under Vsmart brand next week
These are the first products and part of Vingroup’s new development strategy with a focus on industry and technology.
Vietnamese conglomerate Vingroup is scheduled to launch the first four smartphone models under the Vsmart brand on December 14, stated the group.
Illustrative photo. Source: Vingroup.
|
Vsmart smartphones are produced at the Vsmart phone production factory in the VinFast complex six months after Vingroup’s announcement of the establishment of its subsidiary VinSmart and making a foray into smartphone manufacturing. The factory has a capacity of five million devices per year.
On July 5, Vinsmart signed a strategy partnership agreement with Spanish-based technology company BQ to accelerating the production of Vsmart-branded smartphones in accordance with international standards.
By holding a 51% stake in the Spanish company, VinSmart can take advantage of BQ's strengths in almost all phases of the value chain of producing smart electronics, starting from design, research and development to production
Moreover, BQ is cooperating with many leading technology companies around the world such as Qualcomm, Google, and Spanish universities for research and development, thereby integrating the world's modern technologies into Vsmart products.
Nguyen Viet Quang, vice president and CEO of Vingroup, said the upcoming launch of the four Vsmart smartphone models shows Vingroup’s determination to enter the field of industry – technology.
At present, Vingroup is still in search of leading partners and experts to refine its production chain, he said, adding that Vsmart phones and VinFast cars would contribute to the development of Vietnam’s industry and taking the Vietnamese brands to the world stage.
On June 12, Vingroup established VinSmart with charter capital of VND3 trillion (US$132 million) to produce smartphones and other smart electronics devices. VinSmart will also conduct research on artificial intelligence.
15:52, 2025/02/20
Vietnam scales back plan to boost offshore wind
The World Bank has estimated Vietnam’s offshore wind potential at around 600 GW, with projections that the sector could provide 12% of the country’s total electricity generation by 2035.
21:59, 2025/02/19
US firms in Vietnam concern potential export tariffs
The American Chamber of Commerce in Vietnam has urged policymakers to continue dialogue to find solutions that support sustainable economic growth and minimize trade disruptions.
20:00, 2025/02/18
Vietnam’s hi-tech firms urged to master semiconductors, AI technologies
Only with big tasks can Vietnamese enterprises grow into giants.
11:57, 2025/02/13
Vietnam to develop small-size nuclear power plant
Vietnam's power capacity needs to expand 2.5–3 times by 2030 and 5–7 times by 2050 to keep pace with the country's projected high economic growth.
21:49, 2025/02/12
Vietnam's institutional reforms critical to achieving 2025 growth targets
The State's strong determination to identify bottlenecks and put concrete solutions in place matters a lot to economic growth.
21:16, 2025/02/11
Prime Minister reaffirms reaffirms commitment to enhancing investment climate
The Prime Minister called on the private sector to join the national effort to achieve at least a double-digit economic growth rate and contribute to the overall economic growth target.
- PM visits domestic firms joining high-speed rail project
- Vietnam e-commerce sales to hit $15.4 billion in 2025
- Nearly 13,800 new jobs created in Hanoi in January
- Vietnam faces increased trade remedies amidst growing export success
- Vietnamese Government prioritizes refining e-commerce regulations to drive growth
- Green products to be focus of Vietnam's trade promotion in 2025