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

Hanoi factory also will build devices for US and European brands

20190612 Vingroup smartphone factory

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

TOMOYA ONISHI, Nikkei staff writer

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.

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