Apple Vietnam Limited Liability opens up to serve fast-growing market

Vietnam has been a hotbed for Windows Phone with some major hardware partners putting up decent phones. But there’s room to grow in the country — it’s growing faster than a lot of other Asian markets. The mobile subscription growth rate was marked at 26 percent between 2009 and 2013, while Vietnam’s internet penetration landed above one-third of the population in 2014. It’s a picture unlike China and something Apple wants to get into, bad.

How bad? The company has just set up a subsidiary based in Ho Chi Minh City with capital of more than $670,000. It will be headquarters for boots-on-the-ground wholesale work for Apple’s products with IT, maintenance and advisory support services.

While Samsung’s had a manufacturing presence in the communist nation, Apple’s tripled its sales year-over-year up to fiscal 1H of 2015.

Source: Vietnam business registry, Reuters
Via: 9to5Mac

Jules Wang contributed to this story.

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Jaime Rivera
Jaime has been a fan of technology since he got his first computer when he was 12, and has followed the evolution of mobile technology from the PDA to everything we see today. As our Multimedia Manger, he’s been in-charge of growing our YouTube hobby into one of the biggest video channels in the industry. When he’s not building one of our videos, or filming our Pocketnow Daily, he can be found in his second biggest passion, which is running and fitness. Read more about Jaime Rivera!