Renowned tech analyst Ming-Chi Kuo has revealed that Apple, the prominent US iPhone manufacturer, is poised to assist Luxshare in establishing a production line in India. Accordingly, Luxshare stands to gain immensely from the burgeoning Indian market and its expanding supply chain in the years to come, Kuo said. Kuo also divulged that Luxshare had obtained the coveted new production introduction (NPI) for the upscale iPhone 16 model (Pro Max), whereas Foxconn has been left empty-handed. NPI is a planning process to commercialise a product from its initial idea to being ready for mass production. The ordering company needs to send the NPI to the partner as early as possible to ensure that the production schedule and release plans are met on time. According to Kuo, Apple is expected to engage in negotiations with the Indian government, exploring avenues such as a joint venture to facilitate Luxshare's foray into Indian production lines. Luxshare, founded by a former employee … [Read more...] about Luxshare set to thrive with new production line, Foxconn’s fate uncertain: analyst
Apple store online: a game-changer for tech enthusiasts?
May 18 marked a significant milestone as Apple unveiled its highly anticipated online store in Vietnam. The Apple Store Online promises a refined shopping experience, offering a host of exclusive benefits and personalised services to Vietnamese consumers. Tim Cook, CEO of Apple, took to Twitter to announce the launch, “Apple Store online officially went into operation in Vietnam from today. We excited to bring the best at Apple to even more customers around the world." Deirdre O’Brien, Apple’s senior vice president of Retail, said: “We are honoured to have the opportunity to expand in Vietnam, and extremely excited to be able to provide Apple’s superior care and support to our customers with the launch of the online Apple Store.” From May 18, technology enthusiasts and Apple aficionados across Vietnam can access the virtual storefront, brimming with an array of Apple devices, accessories, software, and services. With the convenience of a personal account, users gain access to a … [Read more...] about Apple store online: a game-changer for tech enthusiasts?
Fund management acquisitions unlock new edge
Fund management acquisitions unlock new edge / illustration photo/ Source: Shutterstock TPBank in late April presented its proposal to acquire a fund management company at its AGM. According to CEO Nguyen Hung, the acquisition of a subsidiary specialising in fund management is an objective necessity for the bank, ensuring a solid legal foundation and addressing market demands. Hung emphasised that the acquisition of a subsidiary specialising in fund management was not merely an option but vital. This strategic manoeuvre is poised to fuel TPBank’s pursuit of robust development, fortifying its position within the market and elevating its competitiveness. TPBank previously integrated TPBank Securities Company (TPS) into its ecosystem, assigning key positions within the company since 2019. Furthermore, TPBank has consistently injected substantial funds during recent substantial capital increases by TPS, ensuring a sustained ownership stake. The bank’s chairman Do Minh Phu said, … [Read more...] about Fund management acquisitions unlock new edge
Tough journey is just starting for VinFast
How would you evaluate VinFast’s valuation upon completion of its merger? Marc Iyeki, former head of Asia-Pacific Listings at the New York Stock Exchange VinFast’s proposed merger with a special-purpose acquisition company (SPAC) at a $23 billion valuation, negotiated with Black Spade Acquisition, awaits validation in the public market. VinFast’s SPAC merger occurs amid reduced investor enthusiasm for electric vehicle (EV) companies and the broader market, as well as closer regulatory review of SPAC transactions. This adds a layer of scrutiny to the deal. While startups often grapple with mounting losses during their quest for market share, investors will closely monitor VinFast’s on-year sales growth, which turned negative from 2021 to 2022, although 2022 was a difficult year for the auto industry. In comparison to other EV companies that have gone public, how does VinFast’s valuation stack up? One difference between VinFast and a number of EV counterparts … [Read more...] about Tough journey is just starting for VinFast
Vietnam’s market becomes ray of hope for South Korean semiconductor manufacturers
According to a recent report by the Bank of Korea (BOK), Vietnam is swiftly becoming a significant market for South Korean semiconductor makers, who have been grappling with lacklustre demand in China. As the rivalry between the United States and China intensifies, the BOK has emphasised the importance of diversifying export markets for industry giants like Samsung Electronics and SK Hynix. The BOK underlines Vietnam's emergence as a new source of demand for South Korean semiconductors, highlighting its growing status as an international hub for IT device production and potentially positioning it as a substitute for China in the future. Major smartphone manufacturers have established production bases in Vietnam, where South Korean semiconductors play a crucial role as intermediary goods in the production of finished products, the report notes. Vietnam's abundant low-wage workforce and its proximity to the Chinese market are attracting global businesses, including South Korean … [Read more...] about Vietnam’s market becomes ray of hope for South Korean semiconductor manufacturers
Apple retailers set for price competition shake-up
Apple on May 17 announced the expansion of the Apple Store online into Vietnam. Customers throughout the country can now shop direct with Apple and receive a service delivered by dedicated team members ready to share their expertise in Vietnamese. Meanwhile, in mid-May, eDiGi, Vietnam’s foremost premium Apple retailer, announced the closure of its store after five years. The store entered the market when official Apple products were struggling to compete against smuggled counterparts. Backed by one of Vietnam’s top retail companies, IPP Group, eDiGi aimed to carve a niche for itself in Ho Chi Minh City’s District 1, Ho Chi Minh City. The accolades poured in as eDiGi secured the coveted Apple Premium Reseller and Apple Service Provider certifications, becoming the country’s pioneering haven for Apple aficionados seeking unrivalled services. However, eDiGi found itself grappling with a market where affordable prices outweighed immersive shopping experiences, and it struggled to … [Read more...] about Apple retailers set for price competition shake-up
Horizon International Bilingual School presents teaching equipment to schools in Ha Tinh
Horizon's representative hands over equipment to Nguyen Khac Vien Secondary School (Huong Son district), including: 7 sets of computers, 60 sets of student desks and chairs, 2 basketball hoop systems and 1 ping pong table; An Hoa Thinh Primary School: 7 sets of desktop computers (Photo: Ha Tinh Newspaper) Hanoi - Horizon International Bilingual School has presented 20 computers, 200 sets of tables and chairs, as well as other teaching resources and physical education supplies to schools in the central province of Ha Tinh. teaching equipment to several schools in Ha Tinh. The delegation gives 60 sets of student tables and chairs, 2 basketball hoop systems, and 1 ping pong table to Son Tien Primary School in Huong Son district (Photo: Ha Tinh Newspaper) On the occasion, Horizon School handed over 20 laptops, 200 sets of tables and chairs, and several teaching and physical education support items to schools in Ha Tinh province. The gifts are the hearts of Horizon … [Read more...] about Horizon International Bilingual School presents teaching equipment to schools in Ha Tinh