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Vietnam's Vingroup to lift phone capacity to 125m with new plant

Hanoi factory also will build devices for US and European brands

Workers assemble Vingroup's Vsmart phones at a factory in Haiphong. A new plant in Hanoi will sharply increase the group's output.   © Reuters

HANOI -- Vietnam's largest conglomerate, Vingroup, starts production in August at a new smartphone factory that will lift its annual capacity to 125 million units by early next year -- about 25 times the current level.

The factory here will produce the company's Vsmart brand phones and provide contract manufacturing services to U.S. and European businesses, local media reported.

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