Hanoi (VNA) – Vietnam’s real estate-tech-retail giant Vingroup started construction on its smart phone factory - the secondof its kind - in Hanoi on June 10.
The VinSmart factory covers an area of 15.2ha in Hoa LacHi-Tech Park. The first phase of the construction is expected to be completedon August 15, 2019, with a production capacity of 23 million phones per year.
In October 2019, the second phase will be completed with acapacity of 34 million units per year. In early 2020, the plant will reach itsfinal capacity of 125 million units.
The factory will strictly adhere to internationalstandards for electronics and telecommunications manufacturing plants. Theproduction environment is fully controlled for temperature, humidity,electrostatic discharge control and air quality.
VinSmart’s technology is developed through the close cooperationwith the world's largest technology firms such as Qualcomm, Google, ArcSoft andDxO to include the most advanced technologies in the smart device field.On product design, VinSmart cooperates with a number of designers and ODMs(original design manufacturers).
Nguyen Viet Quang, Vice Chairman cum General Director ofVingroup, said that since joining the mobile phone production field, thegroup's products have received positive feedback. The group has received manyprocessing orders from major partners in Europe and America. That is whyVingroup decided to invest in building a factory with a capacity larger than 25times of its existing factory in the northern port city of Hai Phong to meetdomestic and international demand.
In addition to telephones, VinSmart will invest in buildingfactories to produce smart and Internet of Things products such as smartTVs.-VNA