Vingroup has just announced that they will manufacture electronic devices, starting with the smartphone branded Vsmart.
Implementing the strategy to expand the field of industrial production, following the VinFast automobiles and electric scooters production project, Vingroup established VinSmart Company with a charter capital of 3,000 billion VND.
VinSmart will operate in two main areas. The first is the production of smart electronics, starting with smart phone branded Vsmart. The second is research, experiment and application of artificial intelligence (AI), automation and new generation materials.
Vsmart factory will be built at VinFast automobile production complex in Dinh Vu, Cat Hai economic zone (Hai Phong) according to international standards. In terms of technology, Vingroup is working with leading consulting firms to hire design consultants, find good experts, acquire the right to design components for smartphones and purchase equipment lines to produce phones.
Vingroup believes that the cooperation with leading partners will ensure that Vsmart smartphone manufacturing process is equipped with modern, advanced, optimized and ensure quality products.
In the second field, VinSmart will set up centers for research, experiment and application of artificial intelligence, automation and new generation materials and will actively study and buy patents to experiment in Vietnam to bring these innovations into production and life.
By participating in the field of experimental research and application of high technology and smartphone manufacturing, Vingroup expects not only to contribute to creating a new future for the Vietnam industry sector, but they also contribute to the building of a solid knowledge base, which captures opportunities for growth from the 4.0 technology revolution.
Finding the right business partner in Vietnam is also important. We recommend doing research on the reputation of the company and individual shareholders, corporate or individual, gathering publicly available company information, and performing background checks on key personnel to find potential risks in cooperation. Working with a reliable partner can help achieve economic benefits, saving time and money in business.