The Vsmart mobile phone factory will be built at the VinFast automobile and electric motorbike manufacturing complex in the Dinh Vu-Cat Hai industrial park in the northern port city of Hai Phong.(Photo: VNA)
Hanoi(VNA) – Private business conglomerate Vingroup announced on June 12 its plan toproduce electronic devices, firstly smartphones under the brand of Vsmart.
Together withVinFast automobiles, Vsmart mobile phones produced by Vingroup are expected toboost the domestic industry’s development in the future.
To this end,Vingroup established VinSmart Company with chartered capital of 3 trillion VND(around 132 million USD). The newly-formed company will operate in two majorfields: manufacturing electronic equipment and conducting research, experimentand application of artificial intelligence (AI), automation and new-generalmaterials.
The Vsmart mobilephone factory will be built at the VinFast automobile and electric motorbikemanufacturing complex in the Dinh Vu-Cat Hai industrial park in the northernport city of Hai Phong.
The group isworking with leading world companies to hire consultants, designers andexperts, and purchase design copyrights for components of smartphones as wellas production lines.
Vingroup ViceChairman and General Director Nguyen Viet Quang said the plan affirmed theconglomerate’s resolve to build up knowledge- and science-based production,thereby helping to enhance the national economy’s efficiency.
The company isexpected to make public its first electronic motorbikes in September 2018.Meanwhile, its SUV and Sedan automobiles are scheduled to be introduced to themarket in the second quarter of 2019.
VinFast is also hopedto heat up the local market with electronic automobiles at the end of 2019.-VNA
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The Vsmart mobile phone factory will be built at the VinFast automobile and electric motorbike manufacturing complex in the Dinh Vu-Cat Hai industrial park in the northern port city of Hai Phong.(Photo: VNA)
