Vietnam's major real estate, tech and retail conglomerate Vingroup JSC (Vingroup) started construction on its smart phone factory in Hanoi on Monday.
The VinSmart factory is located in Hoa Lac Hi-Tech Park on an area of 15.2ha. The first phase of the construction is expected to be completed on August 15, with a production capacity of 23 million phones per year.
In October, the second phase will be completed with a capacity of 34 million units per year. Early next year, the plant will reach its final capacity of 125 million units.
The factory will strictly adhere to international standards for electronics and telecommunications manufacturing plants. The production environment is fully controlled for temperature, humidity, electrostatic discharge control and air quality.
VinSmart’s technology is developed through close cooperation with the world’s largest technology firms such as Qualcomm, Google, ArcSoft and DxO to include the most advanced technologies in the smart device field.
On product design, VinSmart cooperates with a number of designers and original design manufacturers.
Vingroup vice chairman and general director Nguyen Viet Quang said the group’s products have received positive feedback since it joined the mobile phone production field. The group has received many processing orders from major partners from Europe and the US.
That is why Vingroup decided to invest in building a factory with a capacity 25 times larger than that of its existing factory in Hai Phong to meet domestic and international demand, he said.
In addition to telephones, VinSmart will invest in building factories to produce smart and Internet of Things products such as smart TVs. VIET NAM NEWS/ASIA NEWS NETWORK