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Update news tech giants
Investment from world- leading tech giants has made Vietnam a bright spot on the global technology map.
With the COVID-19 outbreak disrupting supply chains and vexing producers to no end, a mounting number of businesses are looking to shift operations away from China, with giants Google and Microsoft both opting to bring production to Vietnam.
International technology giants are eyeing Vietnam’s consumer market as the country’s rapid digital transformation offers bright prospects on the back of a new legal framework and an ever-growing demand for innovative technologies.
Vietnamese technology groups have not given up on a plan to make Vietnamese-brand smartphones, and have announced plans to make phones not only for the low-end market segment.