Việt Nam to produce $20 smartphones

This is the first time the country has had a smartphone universalisation programme to provide devices to all people. — Photo baophapluat.vn

HÀ NỘI — Việt Nam is planning to produce new smartphones costing just VNĐ500,000 (US$20).

Minister of Information and Communications Nguyễn Mạnh Hùng said that this year would be the year of universalisation of smartphones.

This is the first time the country has had a smartphone universalisation programme through the production of Vietnamese branded smartphones to all people.

A Vietnamese smartphone will cost $45-50 to produce. However, with support from mobile operators and application developers, a smartphone can be sold for $20.

Speaking at a meeting of the Ministry of Information and Communications for the first quarter, Minister Nguyễn Mạnh Hùng emphasised that this year would be the year of national digital transformation, witnessing the development of Vietnamese digital technology enterprises and cybersecurity ecosystem.

Cybersecurity products would be Made-in-Việt Nam, he said.

The Ministry of Information and Communications would take strong actions to require cross-border platforms when doing business in Việt Nam to comply with Vietnamese laws, he noted.

In particular, the minister said that the country would host the ITU Digital World 2020 for the first time in this year. This is the largest telecom event ever, with about 130-150 countries attending. — VNS

Tags smartphones

Conference promotes business expansion to the US

Economy

Việt Nam Regional Specialities Fair 2024 starts in Hà Nội

Economy

VN's food processing industry struggles to improve quality and value chain integration

Economy

Aviation stocks waiting for takeoff as businesses soar

Economy

Monetary policy forecast unlikely to loosen further

Economy

PM attends Dominican Republic-Việt Nam business dialogue in Santo Domingo

More on this story

Economy

Covid-19 brings losses to flower growers

Days before International Women’s Day (March 8) are often the best for flower sellers at Tây Tựu Flower Village in Hà Nội, but the continuing Covid-19 epidemic has cut sales of flowers in half this season.

Economy

Vietnamese banks see improved solvency

Rated banks in Việtnam posted solid profit growth and asset quality improvements in 2019, benefitting from the country's robust macro-economic environment, Moody's Investors Service said.

Economy

Work set to restart on Côn Đảo Passenger Port

The southern province of Bà Rịa-Vũng Tàu is expected to restart work on the Côn Đảo Passenger Port at a revised cost of VNĐ158 billion (US$6.8 million).

Economy

Vĩnh Long to spend $111.9m for public projects in 2020

Vĩnh Long Province will spend more than VNĐ2.6 trillion (US$111.9 million) for public projects this year, focusing on areas such as agriculture, social security, urban and rural development.

Economy

Newly-established firms up but capital down in two months

The number of newly-established firms rose 9.1 per cent to 17,400 in the first two months of this year, according to the General Statistics Office (GSO).

Economy

COVID-19: VN needs to respond properly in any circumstances

Analyst's Pick: The sharp increase in COVID-19 cases outside China signals a new phase in the fight against the novel coronavirus spreading which have already been damaging the world economy.

Economy

Equitisation vital for stock market growth

The successful equitisation and capital divestment of State-owned enterprises (SOEs) would create benefits that boosted the stock market and business performance, experts have said.

Economy

Banks offer aids to 44,000 COVID-19 affected customers

Credit institutions have so far supported more than 44,000 COVID-19 affected customers following directions from the State Bank of Việt Nam (SBV), an official reported on Monday.