This manufacturing company now owns a phone and electronic equipment factory with an annual design capacity of 125 million devices. In the most recent year (2020), VinSmart said it sold 1.95 million smartphones to the market, up 225% compared to 2019 sales (600,000 units). One of the two production components of Vingroup With record-high phone sales, VinSmart also became the third largest smartphone supplier in the domestic market with 12.7% market share. This is the first time a Vietnamese phone brand is in the top of the largest manufacturers and consumers in the market. VinSmart sold more than 1.95 million smartphones to the domestic market and exported 1.3 million units in 2020. Photo: Gemini. Notably, in addition to selling phones in the domestic market, in the past year, VinSmart also for the first time recorded revenue from outsourcing and manufacturing original equipment for foreign partners. In it, the company said it had signed a contract and started exporting smartphones to US carriers and foreign customers, with an output of 1.3 million units last year. Returning to the domestic market, VinSmart has now launched 18 smartphone models in the segments from popular to high-end. In addition, this manufacturer has also begun to expand its product portfolio to other electronic devices such as electronic components, air purifiers, etc. In 2020, VinSmart has also become a partner for manufacturing components. blower components for Medtronic PLC ventilators, exported to the US and Ireland. In addition to the production of phones and electronic devices, VinSmart is also the enterprise in charge of building a technology ecosystem for Vingroup’s real estate projects with three core products, including Smart city (member of Vingroup). smart city), Smart home (smart home) and Smart services (digital services). Currently, VinSmart is the contractor in charge of deploying smart city solutions in all 3 major urban areas of Vinhomes including Vinhomes Ocean Park, Vinhomes Smart City (Hanoi) and Vinhomes Grand Park (HCMC). Manufacturing is not prioritized? In the latest announcement, Vingroup announced that it will close VinSmart’s TV and mobile phone production segments to focus on developing high technology for VinFast. This move follows after Vietnam’s largest private group had to withdraw from a series of previous business activities to focus on industry and technology. In fact, although it is one of the two components forming the production division of Vingroup, VinSmart’s activities are always invested much less than VinFast. Specifically, in terms of both investment scale and business results, VinSmart is still very modest compared to car and electric vehicle manufacturers with the same owner. According to the separate financial report of parent company Vingroup in the first quarter, the original value of Vingroup’s investment in VinSmart is estimated at nearly VND 5,000 billion, an increase of more than VND 2,000 billion compared to the beginning of the year. However, this figure is less than a quarter of the value of Vingroup’s investment in VinFast, reaching VND 22,007 billion at the same time. The scale of investment and production activities of VinSmart is much smaller than that of VinFast. Photo: Hoang Ha. Despite being one of two subsidiaries that received additional capital through direct investment in the first quarter, the value of Vingroup’s investment in VinSmart is currently only fifth and much lower than other businesses like Vinhomes (22,981 Billion); VinFast (22,007 billion); Vinpearl (16,992 billion); Vincomerce Holding (5,928 billion). In previous years, the investment in VinSmart was also in the middle and low group of Vingroup’s long-term financial investments in subsidiaries. Regarding business results, because VinSmart’s operating report has not been published in detail, the company’s revenue and profit is still accounted for in the production department along with VinFast. In 2020, the revenue of Vingroup’s production division (including VinFast and VinSmart) reached over VND 18,000 billion, an increase of more than 80% compared to 2019. In which, the leader of this group said revenue increased sharply in the year. thanks to increased sales of cars and smartphones. However, as planned by the leadership of this group continuously, Vingroup’s production division in the same year had a pre-tax loss of nearly VND 14,000 billion. In the first quarter of this year, manufacturing was also one of Vingroup’s high-growth business divisions along with real estate. Revenue from this activity brought the group a total of VND4,825 billion, up 44% over the same period. However, the business results report by division of Vingroup said that this business segment still has a pre-tax loss of 4,814 billion. With the cessation of smartphone and television production, in the coming time, VinSmart will focus mainly on high-tech development for VinFast and partly on Vinhomes’ real estate projects. In addition, part of the factory will be used to process for partners, the rest will be expanded and adjusted to produce new products.

Liquid crystal display (LCM) production area at Samsung Electronics Ho Chi Minh Complex in Ho Chi Minh City Hi-Tech Park. Reported at the online conference on the socio-economic situation in April and the first 4 months of the year by the People’s Committee of Ho Chi Minh City on the afternoon of May 11, the representative of the Department of Industry and Trade of Ho Chi Minh City said, the total retail sales and Consumer service revenue in the month was estimated at VND 90,153 billion, up 22.3% over the same period (down 34.2% in the same period). Generally for the first 4 months of the year, the total retail sales of goods and service revenue were estimated at 366,234 billion dong. 7.9% increase (11.2% decrease in the same period). In particular, the export value of high-tech products of the City High-Tech Park (SHTP) reached US $ 6.47 billion, up 27.1% over the same period. Moreover, the index of industrial production (IIP) of the city in the first four months of the year was estimated to increase by 9.7% over the same period (down 2.6% in the same period). There were 5,588 enterprises operating again, an increase of 95.18% over the same period. According to forecasts of many experts, during the 4G and 5G technology transfer period, the 4th industrial revolution and the need for digital transformation is happening around the world, the demand for chip production in the coming time will higher. Not only chips and microchips, but also the demand for electronic equipment components tends to increase compared to previous years. In addition, many enterprises producing electronic equipment and technology in Vietnam admitted that they were affected by the global chip crisis. More than ever, chips, electronic components, microchips have appeared in most electronic devices such as new citizenship cards, non-stop automatic fee collection, bank ATM cards to other Popular household electronic devices such as televisions, refrigerators, electric cookers, electronic rice cookers … In the current context, Vietnam does not have a chip manufacturing factory, but just design and manufacture overseas. Therefore, domestic electronics and technology producers will certainly be affected by the global chip crisis.

VinSmart stops producing phones and televisions On May 9, Vingroup officially announced that VinSmart would stop producing TVs and smartphones to focus resources on developing IoT products and Infotainment features for VinFast cars. Sharing the main reason why VinSmart made such a decision, Mr. Nguyen Viet Quang, Vice President and General Director of Vingroup said: “The production of smart phones or smart TVs has no longer brought breakthrough possibilities, Meanwhile, the development of smart cars, smart homes, smart cities brings many benefits and outstanding experiences. force for this spike “. VinSmart factories will continue to produce existing phones and TVs until the end of the product’s life cycle to supply the market. Then part of the factory will be used to outsource to partners, while the rest is expanded to adjust to produce new products. With products sold to the market, VinSmart said it will maintain the warranty and customer care as committed. Vsmart phones sold to the market are still upgraded and updated with software. After stopping production of smartphones, TVs, VinSmart will focus on developing information – entertainment – service (Infotainment) features; research, design and manufacture of electronic components, battery cell systems, complete electric batteries, electric motors for VinFast cars. At the same time, VinSmart still retains research on smart cities, smart homes and IoT devices. VinSmart’s smart home solution appeared at a major urban exhibition late last year and has been operated in two major urban areas, Vinhomes Smart City and Vinhomes Ocean Park. VinSmart retains its research on smart cities, smart homes and IoT devices. Its most prominent smartphone products are Vsmart Joy 3, Vsmart Live 4, phone with front camera hidden under the Vsmart Aris Pro screen. In the TV segment, VinSmart has two main lines of 4K resolution: high-end KE and mid-range KD, with sizes from 43 to 55 inches, priced from VND8.7 million.

Established in June 2018, VinSmart is one of the two main companies operating in the Vingroup’s manufacturing division, along with car and electric car manufacturer VinFast. This manufacturing company owns a telephone and electronic equipment factory with an annual design capacity of up to 125 million devices. VinSmart smart electronics factory in Hoa Lac Hi-Tech Park. Photo: Vingroup In Hoa Lac Hi-Tech Park (Hanoi), the complex factory of VinSmart has a total area of ​​up to 15ha, of which, construction area of ​​phase 1 is only 4.8 ha. At the factory in the first phase inaugurated in November 2019, the production area reached 4.5 hectares, including the electronic circuit board manufacturing subdivisions, phone manufacturing and independent research institutes. designed capacity of 26 million devices / year. Half a year after its inception, the company launched its first four smartphone lines. After two and a half years, the total number of VinSmart phone models has increased to 18 lines, of which the first product appeared in the high-end segment, and successfully produced terminals supporting 5G technology. . In 2020 alone, VinSmart said it sold 1.95 million smart phones to the market, an increase of 225% compared to 2019 sales (600,000 units). With record high phone sales, VinSmart also became the 3rd largest smartphone supplier in the domestic market with 12.7% market share. This is the first time a Vietnamese phone brand is in the top manufacturers and consumers in the market. As of early 2021, VinSmart’s distribution network of mobile phones has expanded with 10,000 retail agents, 4 customer care centers and 101 warranty points. Notably, not only consuming phones in the country, last year, VinSmart also recognized for the first time revenue from processing and manufacturing original equipment for foreign partners. VinSmart said that last year it signed a contract and started exporting smartphones to US carriers and foreign customers, with a production of 1.3 million units. In addition, the manufacturer also expanded its product portfolio to other electronic devices such as electronic components, air purifiers … In 2020, VinSmart also became a partner in manufacturing air blower components. supplied to Medtronic PLC’s series of ventilators, exported to USA and Ireland. Not only that, VinSmart is also in charge of building technology ecosystems for its real estate projects with three core products including Smart city (smart city), Smart home (smart home) and Smart. services (number services).

Vsmart Live 4 “make in Vietnam” line of Vinsmart. On May 9, Vingroup officially announced that VinSmart would stop producing TVs and smartphones to focus resources on developing IoT products and Infotainment features for VinFast cars. Mr. Nguyen Viet Quang, Vice President and General Director of Vingroup, said: “The production of smart phones or smart TVs has no longer brought breakthrough capabilities, making a difference for users. The development of smart car, smart home, smart city brings many benefits and outstanding experience. Therefore, we are determined to put all resources into this spearhead. VinSmart factories will continue to produce existing phones and TVs until the end of the product’s life cycle to supply the market. Then part of the factory will be used to outsource to partners, while the rest is expanded to adjust to produce new products. With products sold to the market, VinSmart said it will maintain the warranty and customer care as committed. Vsmart phones sold to the market are still upgraded and updated with software. After stopping production of smartphones, TVs, VinSmart will focus on developing information – entertainment – service (Infotainment) features; research, design and manufacture of electronic components, battery cell systems, complete electric batteries, electric motors for VinFast cars. In addition, VinSmart still retains research on smart cities, smart homes and IoT devices. VinSmart’s smart home solution appeared at a major urban exhibition late last year and has been operated in two major urban areas, Vinhomes Smart City and Vinhomes Ocean Park.

VinSmart will play television and mobile phones Vingroup said VinSmart will focus its resources on developing electronic products and “Infotainment” features for VinFast cars. This is a strategic step to bring VinFast towards its goal of becoming one of the smartest and most convenient electric car manufacturers in the world. According to the new decision, VinSmart will stop the development of televisions and mobile phones, and switch to the development of smart features on vehicles and houses. In which, the focus is on developing information – entertainment – service (Infotainment) features for VinFast cars. With nearly 150 Infotainment features coming soon, VinFast cars will bring different utilities, creating a competitive advantage in the global auto market. In addition, VinSmart focuses on research, design and production of electronic components, electric battery cells, complete electric battery systems and electric motors of all kinds, in order to increase the localization rate. and ensure a high quality supply of VinFast. VinSmart will also continue to promote current research on Smart Cities – Smart Houses and related IoT devices to bring superior living experiences to users. To put all of their energy into a new direction, VinSmart factories will continue to produce existing phones and televisions until the end of the product’s life cycle to supply the market. Then part of the factory will be used to outsource to partners, while the rest is expanded to adjust to produce new products. Regarding products sold to the market, VinSmart commits to maintain the warranty, repair and care as committed until the day when customers no longer use the product. In particular, a part of the phone software design department continues to research to upgrade and update Vsmart phones that have been sold to the market. On May 6, Vingroup announced that it would gather vehicle development forces from overseas VinFast research institutes to its headquarters in Vietnam to ensure the research and development progress and class for new models. Previously, the Group also withdrew from retail, agriculture and aviation to focus on the core priority of cars.

“The production of smart phones or smart TVs has ceased to make a breakthrough and make a difference for users. Meanwhile, the development of smart cars, smart homes, smart cities bring to many outstanding benefits and experiences. Therefore, we are determined to put all resources into this spearhead “, Mr. Nguyen Viet Quang, Vice Chairman and General Director of Vingroup, said. Nearly 3 years in the smartphone market, reaping many successes, Vingroup decided to stop this segment to focus more on VinFast. However, VinSmart factories will continue to produce existing phones and TVs until the end of the product’s life cycle to supply the market. Part of the factory will then be used to outsource to partners, with the rest expanded to make new products. VinSmart will also maintain the warranty and customer care as committed with the products sold to the market. Vsmart phones sold to the market are still upgraded and updated with software. According to a representative of Vingroup, after stopping production of smartphones and TVs, VinSmart will focus on developing information – entertainment – service (Infotainment) features; research, design and manufacture of electronic components, battery cell systems, complete electric batteries, electric motors for VinFast cars. VinSmart will also retain research on smart cities, smart homes and IoT devices. VinSmart’s smart home solution appeared at a major urban exhibition late last year and has been operated in two major urban areas, Vinhomes Smart City and Vinhomes Ocean Park. VinSmart was born in June 2018, starting with the production of smartphones with the Vsmart brand. Nearly 3 years of development, Vsmart introduced to the market 19 phone models and 5 TV models.

VinSmart decided to stop producing phones and televisions to focus on VinFast car production. VinSmart Research and Production Joint Stock Company (VinSmart) will turn to developing smart features on vehicles and houses. In which, the focus is on developing information – entertainment – service (infotainment) features for VinFast cars. With nearly 150 infotainment features coming soon, VinFast cars will bring different conveniences, creating a competitive advantage in the global auto market. The second task, VinSmart focuses on the research, design and production of electronic components, electric battery cells, complete electric battery systems and electric motors of all kinds, in order to increase the domestic rate. and ensure a high quality supply of VinFast. In addition, VinSmart will also promote current research on smart cities – smart homes and related IoT (internet connection of things) devices to bring superior living experiences to users. To put all of their energy into a new direction, VinSmart factories will continue to produce existing phones and televisions until the end of the product’s life cycle to supply the market. After that, part of the factory will be used to outsource to partners, the rest is expanded to adjust to produce new products. Regarding products sold to the market, VinSmart commits to maintain the warranty, repair and care as committed until the day when customers no longer use the product. In particular, a part of the phone software design department continues to research to upgrade and update Vsmart phones that have been sold to the market. Mr. Nguyen Viet Quang, Vice Chairman and General Director of Vingroup, said: “The production of smart phones or smart TVs has no longer brought breakthrough capabilities, creating different values ​​for users. Meanwhile, the development of special smart cars, smart houses, even the creation of smart cities … will bring many benefits and outstanding experiences to mankind. Therefore, we are determined to put all resources into this spearhead “.

According to the new decision, VinSmart will stop the development of televisions and mobile phones, and switch to the development of smart features on vehicles and houses. In which, the focus is on developing information – entertainment – service (Infotainment) features for VinFast cars. With nearly 150 Infotainment features coming soon, VinFast cars will bring different utilities, creating a competitive advantage in the global auto market. The second task is to focus on the research, design and manufacture of electronic components, battery cells, complete electric battery systems and electric motors of all kinds, in order to increase localization rates. and ensure a high quality supply of VinFast. VinSmart is one of the two main enterprises in Vingroup’s production activities. Photo: Le Trong. In addition to focusing on VinFast, VinSmart will also continue to promote current research on Smart City – Smart Home and related IoT devices to bring superior living experiences to people. use. To put all of their energy into a new direction, VinSmart factories will continue to produce existing phones and televisions until the end of the product’s life cycle to supply the market. Then part of the factory will be used to outsource to partners, while the rest is expanded to adjust to produce new products. Regarding products sold to the market, VinSmart commits to maintain the warranty, repair and care as committed until the day when customers no longer use the product. In particular, a part of the phone software design department continues to research to upgrade and update Vsmart phones that have been sold to the market. “The production of smart phones or smart TVs no longer brings the ability to break through and create different values ​​for users. Meanwhile, the development of particularly smart cars, smart homes, even the creation of smart cities … will bring many benefits and outstanding experiences to mankind. Therefore, we are determined to dedicate all resources to this spearhead ”, said Mr. Nguyen Viet Quang, Vice President and General Director of Vingroup. On May 6, Vingroup announced that it would gather vehicle development forces from overseas VinFast research institutes to its headquarters in Vietnam to ensure the research and development progress and class for new models. Previously, the Group also withdrew from retail, agriculture and aviation to focus on the core priority of cars.