Vingroup is all set to make their way in the smartphone Industry

Vingroup is all set to make their way in the smartphone Industry

Vingroup, Vietnam’s greatest conglomerate that focuses on real estate development is ready to make its way for the first counter-strike in the smartphone industry.

The Vingroup has announced the company’s desire to produce electronic equipment that is starting with smartphones. They are aiming to get success in the field of smartphone manufacturing and sales. They are also planning to reach the heights of the two phones-Samsung and Apple. The marketability of those two phones are above the norms and even many smaller rivals in the South Asian nation have tried their level best to make an indentation but eventually failed.

The company has recently established VinSmart Co with a registered capital of $131.54 million.

VinSmart is said to run in two main areas, ranging from production of electronics to conducting research on artificial intelligence.

The company is also working with the leading consulting firms in order to ensure that the smartphones are manufactured by the most advanced and modern technology.

Nguyen Viet Quang, Vice Chairman and the general director of Vingroup, has firmly made his point stating that the group wanted to invest in the applications and research of the new technologies which will contribute to the emergence of Viet Nam on the world’s technology map.

By manufacturing electronic devices and conducting researches, Vingroup is all set to build an empire for the Vietnamese industry. Not only that, they are also set to contribute on building a knowledge based nation.