Apple just set up a subsidiary in Ho Chi Minh city, Vietnam in the hope of directly importing and selling smartphones in Vietnam. Vietnam is one of the fastest growing market for smartphones in the Asian-Pacific region.
According to the record of Vietnam national enterprise registration website, it indicated the Apple Vietnam Limited Liability was established on 28 October. Its registered capital is about $672,000.
It locates in Ho chi minh city and specializes in the wholesaling and distributing of iPhone and other products. It provides information technology, maintenance and consulting service as well.
From 2009 to 2013, Vietnamese mobile users increased by 26% and obtained 124 million users. The latest data provided from Vietnamese Ministry of Information, its population was 90 million people two years ago. Over one third of the population have access to internet.
Vietnam is one of the hottest markets for selling Apple products. The revenue of first half year in its previous fiscal year doubled twice and the growth rate is 5 times quicker than Indian market.
Apple sets up branch in Vietnam would help to save some expenditures as the material and labor are comparatively cheaper there.
Samsung also invested billions of US dollars to set up plantation for manufacturing smartphones and electronics in Vietnam.
