Mobile phone manufacturers cut production
This has been a tough year for Vietnamese mobile phone brands, with many having to suspend production or even close down, unable to compete with their international rivals and troubled by the continuing economic slump.
Nguyen Van Toan, head of marketing at Hi-Mobile, one of the few surviving Vietnamese companies selling mobile phones, said: “As far as I know, many … have closed because of a downturn in sales.
“The economic recession has continued, so customers continue to tighten their belt. This has had a strong impact on the market.”
Vo Le Tam Thanh, senior market analyst for client devices research at IDC Viet Nam, said a number of local and Chinese vendors had exited the market and his company expected more to leave in 2012 after struggling to survive in the current economic situation.Read more
Like this post? Subscribe to my RSS feed and get loads more!