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).

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. Before this unexpected information, the public’s opinion was a lot of turmoil. Especially for those who regularly support Vietnamese goods, this is quite sad news. PT readers shared: “Vin has too many embraces. It’s the brightest hour in the car segment, so I hit hard. Unfortunately, Vsmart is okay but cheap. ” Many people feel sad when they lose a low-cost phone company created by Vietnam. In another aspect, many people think that this is the right decision because the current smartphone and television market is saturated, with very little space for development and competition. In addition, Chinese phone companies are also increasingly appearing in the Vietnamese market, making competitiveness in the industry on the rise. The public also commented that, because the business is right there, when Vingroup could not acquire LG, R & D was weak, at this point, the exit strategy is a good strategy. Everything is two-way, when there are many people expressing quite negative emotions to receive this information, there is a part of the public still acknowledging and appreciating what Vsmart has done for the time. by. For example, readers NM from Hanoi shared that: “Vsmart’s mission is like that, it is already complete. I do not know how sales, profit or loss, but thanks to Vsmart, the Vin brand has also reached all classes of users in the country, as a springboard for Vinfast to be born. Information about the warranty of VinSmart phones. In particular, many people have the same question: “Are Vinsmart buyers still under warranty?” Answering this question, Vingroup said that, regarding the products sold to the market, VinSmart commits to maintain the warranty, repair, and care as committed until the date that the customer no longer uses it. more products. 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. “

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.