Jenina Ibañez · · 1 min readXiaomi starts making smartphones in Vietnam
China-based electronics company Xiaomi has invested in smartphone parts production in Vietnam as it competes against local market leader Samsung, reported Nikkei.
Xiaomi plans to cater to the growing local demand for smartphones in Vietnam and support exports to Southeast Asia, including in Malaysia and Thailand.
Quoting several media reports, Pandaily stated that Xiaomi is working with Chinese electronics manufacturing company DBG Technology, which runs a 200,000 square meter factory in Vietnam. The same factory will also produce data transmission equipment and circuit substrates.
Previously, Xiamoi only produced smartphones in China and India. But restrictions due to the pandemic not only disrupted supply chains but also reduced sales, prompting the company to spread out its production locations.
Meanwhile, in February this year, Samsung added to its investment in Vietnam, which already manufactures half of its smartphone output, Nikkei Asia reported. The fresh investment of US$920 million will support the company’s circuit board and camera module production.
The South Korean firm has two factories in northern Vietnam and employs 100,000 people in the country.
Editing by Miguel Cordon and Joy Tirkey
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