“Apple Inc has opened a subsidiary company in Vietnam, allowing the maker of iPhones to import and distribute cellphones directly in one of the fastest growing smartphone markets in the Asia-Pacific,” Mai Nguyen reports for Reuters.
“Apple Vietnam Limited Liability was established on Oct. 28 with a registered capital of 15 billion dong ($672,194), according to a news announcement recorded on Vietnam’s national business registry websit,” Nguyen reports. “The Ho Chi Minh City-based firm will conduct wholesale businesses of various products including its signature smartphones, provide information technology and maintenance services as well as advising services, the announcement said.”
Nguyen reports, “Communist Vietnam was Apple Inc’s hottest market after sales there tripled in its fiscal first half of last year, a growth rate five times faster than in India.”
Read more in the full article here.
MacDailyNews Take: iPhones are in every corner of the world!
I remember reading that Vietnam had Macintosh user groups that were popular, way back in the original Mac 128k days. They weren’t sold there officially, but the citizens apparently found ways to get a few of them into the country.
Glad to see us normalizing with Vietnam; we need them as an ally and counter-force to China. Let bygones be bygones.