Vingroup, Fijitsu joint venture to make 5G phones

Vietnam’s largest listed company by market capitalization, Vingrouo said it has entered into an agreement with Japan’s Fijitsu to manufacture 5G smartphones.

Vingroup said it’s Vsmart smartphones will be made at its Hanoi factory and will be sold across the U.S and Europe.

The partnership with Fijitsu will put to use its new plant that can churn out over 125 million smartphones per year.

The group made its debut into the smartphone business last year end looking to compete with Samsung and Apple