VN branded mobile phones booming
The debut of a series of mobile phones with Vietnamese brand names from late 2010 has led to fierce competition in the market.
The debut of a series of mobile phones with Vietnamese brand names from late 2010 has led to fierce competition in the market.
After An Binh telecom company released Q-Mobile and FPT launched FPT-Mobile in 2008 and 2009, the market now has dozens of Vietnamese brand name mobile phones, including Avio by VNPT, Bluefone by CMC, Hanel Mobile by Hanel and Hi-Mobile by HiPT.
Made in Vietnam mobile phones feature low prices (400,000-500,000 VND or equal to 19-24 USD), and a host of extra functions like having between 2-4 sim cards, large capacity memory cards, a camera and guarantees and bonuses for users.
With these advantages, made in Vietnam mobile phones meet the demands of low-income earners, workers and students, which make a large proportion of the society.
According to statistics, Vietnamese brand name mobile phones make up 30 percent of consumption volume and 15 percent of the market’s value.
Q-Mobile mobile phones increased its sales by 175 percent year-on-year in the first five months of this year. This product makes up nearly 30 percent of the domestic market, after Nokia which has a 50 percent market share.
General Director of An Binh telecom company Nguyen Quang Ninh said his company plans to develop Q-Mobile into a leading brand name of the domestic market by the end of this year and was preparing to export the product to countries at a similar stage of development to Vietnam , like Laos , Cambodia , Myanmar and African countries.
During this time, VNPT’s sales of its Avio increased by nearly 90 percent over the same period last year.
Those above moves caused the world popular mobile phone producers operating in Vietnam , including Nokia, to change their focus from luxury products to lower priced deals such as five common two-sim card products with prices between 600,000-700,000 VND (28.5-35.7 USD).
According to Director of Hi-Mobile Do Giang Vinh, Vietnamese producers now face big challenges. If they do not have products with the right designs and manage key production steps, they risk suffering losses./.
After An Binh telecom company released Q-Mobile and FPT launched FPT-Mobile in 2008 and 2009, the market now has dozens of Vietnamese brand name mobile phones, including Avio by VNPT, Bluefone by CMC, Hanel Mobile by Hanel and Hi-Mobile by HiPT.
Made in Vietnam mobile phones feature low prices (400,000-500,000 VND or equal to 19-24 USD), and a host of extra functions like having between 2-4 sim cards, large capacity memory cards, a camera and guarantees and bonuses for users.
With these advantages, made in Vietnam mobile phones meet the demands of low-income earners, workers and students, which make a large proportion of the society.
According to statistics, Vietnamese brand name mobile phones make up 30 percent of consumption volume and 15 percent of the market’s value.
Q-Mobile mobile phones increased its sales by 175 percent year-on-year in the first five months of this year. This product makes up nearly 30 percent of the domestic market, after Nokia which has a 50 percent market share.
General Director of An Binh telecom company Nguyen Quang Ninh said his company plans to develop Q-Mobile into a leading brand name of the domestic market by the end of this year and was preparing to export the product to countries at a similar stage of development to Vietnam , like Laos , Cambodia , Myanmar and African countries.
During this time, VNPT’s sales of its Avio increased by nearly 90 percent over the same period last year.
Those above moves caused the world popular mobile phone producers operating in Vietnam , including Nokia, to change their focus from luxury products to lower priced deals such as five common two-sim card products with prices between 600,000-700,000 VND (28.5-35.7 USD).
According to Director of Hi-Mobile Do Giang Vinh, Vietnamese producers now face big challenges. If they do not have products with the right designs and manage key production steps, they risk suffering losses./.
You should also see
Airports to offer 9,000 domestic flights during upcoming holidays
Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).
See more
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
Business
Revenue on top five e-commerce platforms jumps 79%
The e-commerce market of Vietnam was robust in the first quarter of this year with total revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, Tiki and Sendo, reaching more than 71 trillion VND (2.79 billion USD), an increase of 79% over the same period last year, according to a recent report by Metric.
Business
Vietnam needs drastic reforms to create firm ground for economic growth: experts
Drastic institutional reforms are needed to create firm ground for economic growth in the context that persistent challenges, both external and internal, still cloud the growth prospect, experts have said.
