Vsmart phones have seen milestones that have never been made by any Vietnamese phone company.
Mobiistar, Vsmart and Bphone in recent years have been trying to enter the world market, but their stories and results have varied.
After a lot of failed efforts, Vietnam’s smartphone products now have a great opportunity to return to the market.
Vietnamese consumers have bought made-in-Vietnam fashion products and other goods but few technology products have been popular until the appearance of V-smartphones.
With the agreement announced on May 4, Vsmart has become the second brand of Vingroup cooperating with a leading Italian industrial designer.
The Ministry of Information and Communications (MIC) on March 2 announced a program on popularizing smartphones to 100 percent of the population.
Analysts believe that an agreement between Viettel, a mobile network operator, and Vsmart, a mobile phone manufacturer, could drive Chinese smartphones into a corner.
As the habit of Vietnamese smartphone users has changed, mobile network operators in Vietnam can now cooperate with Vsmart to provide smartphones at low prices with associated service packages.
While Mobiistar products have disappeared from large distribution chains, Vsmart Live have been selling like hot cakes, though both are Vietnamese brands.
Images of Vsmart smart home devices went viral after Vingroup announced that it would begin manufacturing smart TVs, air-conditioning, and smart fridges.
Four smartphones produced by VinSmart, a subsidiary of Vietnamese property and retail conglomerate Vingroup, have officially hit stores in Russia.
A representative of Vsmart said the manufacturer will design smartphones and increase the locally made content in products to 60 percent by 2020.