HCM CITY -- Global technology company Xiaomi launched the Redmi Note 7 in HCM City on Thursday.

The company said the mobile phone was one of four new products it is launching that day to kick off its third year in the Vietnamese market and expand its already large product portfolio.

“In March 2017 Xiaomi first entered Việt Nam with its distributor agreement,” Steven Shi, Xiaomi’s head of Southeast Asia, said.

“We started with nothing here other than some very loyal Mi Fans.  In the two years that have passed we have built a brand that sees us number four in the market, oversees a range of Mi stores spanning the nation, and offers a full eco-system of products that we are adding to today.”

“We promised Việt Nam that we would deliver on our Innovation for Everyone mission here, and today we are once again fulfilling that promise to the market,” he said.

It has a 48mp camera with enhanced light sensitivity that captures bright, clear images even in low light. The camera is coupled with the company’s latest AI features.

The Redmi Note 7 will be available in blue and black and cost from VNĐ3.99 million (US$175) to VNĐ5.96 million ($261) when it hits shop shelves on March 28.

The Redmi 7 was also unveiled at the event. It features a 6.26-inch display and 12+2 MP dual cameras. The company said the phone would enter the “record books for the power it packs at an incredible price point.”

It is also available in blue and black and costs VNĐ2.99 million ($131).

The other products launched at the event were the Mi Home Security Camera Basic 1080 and 16-million color Mi LED smart bulb, which the company said could last 11 years.

They will be available from Match 28 for VNĐ699,000 ($31) and VNĐ499,000 ($22). – VNS