LG Electronics Vietnam CEO Kim Young Lak

Recently, some local newspapers reported that LG would stop distributing smartphones in Vietnam. The sources said that the retail systems of the official distributors of LG smartphones no longer offered LG phones.

CEO Kim Young Lak yesterday confirmed that LG is still growing well in Vietnam and the company will not abandon the Vietnamese market.

Kim confirmed that LG Mobile will still distribute its products in the Vietnamese market via strategic business partners.

He said LG is undergoing restructuring with the new strategy on personnel, process and product distribution. This has caused misunderstandings and rumors.

According to June data of the market research firm GfK, LG for the first time did not appear in the statistics of the phone market share due to low sales. 

The cause, according to experts, is that LG brought only a few smartphone models to Vietnam. The firm also had to compete with giants likes Samsung, Apple and the newcomer Oppo.

Na Son