HANOI -- Vietnam's largest conglomerate, Vingroup, has signed a contract to produce smartphones for a U.S. company, marking the next phase in its aggressive expansion into overseas markets.
Vietnamese conglomerate eyes new market with contract manufacturing deal
Vingroup began producing smartphones in 2018, and now has an annual capacity of about 125 million units. © Reuters
HANOI -- Vietnam's largest conglomerate, Vingroup, has signed a contract to produce smartphones for a U.S. company, marking the next phase in its aggressive expansion into overseas markets.