PC market nosedives in first quarter

Vietnam 's computer market in the fist quarter of the year plummeted by 27 percent compared to the fourth quarter of last year.
Vietnam 's computer market in the fist quarter of the year plummetedby 27 percent compared to the fourth quarter of last year.

The figures provided by International Data Corporation, aprovider of market intelligence, also showed that of the total 434,000units produced and imported in the first quarter, 68 percent of thosewere personal computers, while 30 and 2 percent were laptops andnetbooks, respectively.

The company's PC marketanalyst Phan Yen said the peak time of sales before the Tet (Lunar NewYear) holiday was over, resulting in a slump of demand.

Yen said foreign PC companies had sharply reduced their prices whilecustomers were paying more attention to brand-name PCs, creating moredifficult conditions for domestic products to compete with foreign ones.

But Yen said she was confident the market wouldstill reach the year's growth target of 19 percent after strongconsumption over the last two quarters.

" Vietnam's PC market is expected to see slight growth in the second quarter. Themarket is expected to go through a strong growth period by the end ofthe year as companies strive to reach their set targets," she said.

Sharing Yen’s optimism, marketing director of CMCCorporation, a leader in the local IT market, Ho Quoc Hue said themarket would grow by the end of the year as the economy shows signs ofrecovery and consumer sentiment is forecast to rise.

In the first quarter, computer maker HP continued to rank first with14.7 percent of the market share. Dell was second with 8.7 percent,while Acer and Toshiba trailed behind in third and fourth with 7.8percent and 3.4 percent, respectively./.

See more

The private sector is expected to make breakthroughs for national development. (Photo: VNA)

Party official anticipates breakthroughs in private economic sector

With the Politburo set to issue a dedicated resolution on the private economic sector, there should be a reformed approach to action plans, according to Secretary of the Party Central Committee and head of Head of its Commission for Policies and Strategies Tran Luu Quang.

NCSoft and VNGGames sign a cooperation agreement to develop products in Southeast Asia. (Photo: VNG)

More RoK’s game developers target Vietnam

Over half of Vietnam's nearly 100 million population being gamers and the country's competitive labour costs are among reasons for Korean gaming firms' expanding presence in Vietnam.

Representatives from the Vietnamese Embassy in the UK, LHR leaders, airline partners, and passengers at the anniversary event (Photo: VNA)

Vietnam Airlines marks 10 years of UK route operations

Vietnam Airlines launched its direct UK route in 2011, initially operating from London Gatwick Airport (LGW) before transitioning to Heathrow in 2015, improving connectivity to one of the UK’s major international hubs./.

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona. (Photo: VNA)

Cuban commerce official optimistic about bright future of Vietnam-Cuba cooperative ties

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona hailed Vietnam as Cuba’s second-largest trading partner in Asia and its top investor, spotlighting its foothold in the Mariel Special Development Zone via Viglacera. This zone, he noted, is set to become a pivotal hub for Vietnamese investment in the years ahead.

Imported cars seen at the northern port city of Hai Phong. (Photo: VNA)

Ministry proposes tax cuts for some imported cars

This initiative aims to diversify the supply of imported vehicles, foster competition in the domestic market, and align Vietnam’s tax policies with the evolving trends of the automotive industry.

Minister of Industry and Trade Nguyen Hong Dien and Deputy Prime Minister of the Republic of Belarus Anatoly Sivak sign the meeting minutes. (Photo: VNA)

Vietnam, Belarus unveil key solutions to boost trade

Vietnam and Belarus are set to deepen bilateral cooperation in all fields, particularly in economy-trade and science-technology, through their Intergovernmental Committee mechanism, affirmed Minister of Industry and Trade Nguyen Hong Dien.