China’s Xiaomi has produced its first batch of smartphones in Vietnam, as it seeks to expand its foothold in Southeast Asia, Reuters news report said.
Xiaomi has started producing smartphones at a factory in the province of Thai Nguyen, north of the capital Hanoi. The phone manufacturing plant is operated by Xiaomi’s partner, DBG Technology.
Vietnam has in recent years become a regional manufacturing hub for global electronics makers. The export value of smartphones from the country, mostly produced by Samsung Electronics, rose 12.4 percent last year to $57.5 billion.
Xiaomi said the first batch of its smartphones made in Vietnam had been sent to a local distributor, adding it would soon export smartphones to other Southeast Asian markets, including Malaysia and Thailand.
Xiaomi did not provide further details on its production capacity in Vietnam.
Xiaomi is the third largest smartphone maker in the world in terms of smartphone share during the first quarter of 2022. Xiaomi’s worldwide smartphone share was 12.7 percent in Q1 2022 vs 14.1 percent in Q1 2021. Xiaomi shipped 39.9 million smartphones in the first quarter.