Vietnamese conglomerate Vingroup to close down smartphone business
Tech in Asia·2021-05-10 17:00
Vingroup yesterday officially announced the shutdown of VinSmart, its smartphone and TV production unit. In a press statement, the Vietnam-based conglomerate says it will divert resources to its automobile unit VinFast.
VinSmart factory in Hanoi’s Hoa Lac Hi-tech Park / Photo credit: Tech in Asia
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