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Companies

Vietnam smartphone makers break from Samsung empire

Domestic brands challenge global majors with low-priced models

Bkav's Bphone is displayed at the company's plant in Hanoi.   © Reuters

HANOI -- Vietnamese companies, including some that are new to the sector, plan to launch or expand production of smartphones, in a challenge to foreign makers, especially Samsung Electronics, which dominates the market in the country.

Vingroup, the biggest property developer in Vietnam, has announced a plan to produce smartphones starting in 2018, while home electronics maker Asanzo is set to produce 600,000 smartphones in 2018, up 50 times from the previous year.

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