Business & Investment: Vertu Pins Hopes on Vietnam's High-end Phone Market
TMCnet - The World's Largest Communications and Technology Community
TMC Launches New Sites ::  NGC  |  4GWE  |  Green Tech  |  Satellite  |  IT |  ITEXPO  |  Healthcare  |  Smart Grid  |  M2M  |  Smart Products  |  AstriCon News  |  SATCON News
TMCnet CHANNELS
#1 VoIP Enabler: Risk-free, Quick & Easy Deployment
Advanced Carrier Services
Advanced IP Carrier
Answering Service
Appliance Deployment
ATCA
Auto Dialer
BPA (3rd Party Remote Call Monitoring)
Broadcast Modulator
Business Phone Systems
Business Process Automation
Business VoIP
Call Center
Call Center Certification
Call Center Digital Signage
Call Center Furniture
Call Center Hiring
Call Center Management
Call Center On Demand
Call Center Outsourcing
Call Center Scheduling
Call Center Software
Call Center Solutions
Call Center Training
Call Center Workforce Management
Call Monitoring
Call Recording
Communications Enabled Business Processes
Conference Call
Conferencing
Contact Center Headsets
Contact Center Software
CRM Cloud Computing
CRM Software
CRM Solutions
DID/DDI
Digital Signage
e911
E911 Hosted Solutions
Email Archiving
Email Server
Enterprise Fax over IP
Enterprise VoIP
Ethernet Extender
Fax
Fax Over IP
FoIP
HD Conference
Hosted Contact Center
Hosted Exchange
Hosted PBX
Integrated Communications
IP Fax
IP Multimedia
IP Phone Maker
IP Phone System
IP Phones
IVR
Lead Management Software
Master Agent
Mobile Management
Mobile Unified Communications
Mobile Video
NEBS
Network Installation
Open Source CRM
PBX PCI Adapter
Phone Systems
Portable Satellite Antenna
Predictive Dialer
Sales Software
SATCON
SIP
Speech Recognition and Text to Speech
Telecom Cost Management
Telecom Expense Management
Telecom Lifecycle Management
Telemarketing Software
Telepresence
Testing IP Services
Virtual Call Center
Virtual Office
Virtual PBX
Virtual Receptionist
Voice Broadcast
Voice Management
Voice Over IP
Voice Peering
Voicemail Replacement
VoIP Call Recording
VoIP Contact Center
VoIP Developer
VoIP Gateways
VoIP Monitoring
VoIPSwitch
Web Conferencing
Web Meeting
Wholesale VoIP
Wireless Expense Management
Wireless Management
Workforce Management
Workforce Optimization
Share
TMCnews
[December 14, 2006]

Business & Investment: Vertu Pins Hopes on Vietnam's High-end Phone Market

(Vietnam News Briefs Via Thomson Dialog NewsEdge) from the VIETNAM NEWS BRIEFS, December 11, 2006 Super high-end cell phone manufacture Vertu has expressed strong hope for deeper penetration into the Vietnamese market, a source cited the company as saying



The world's unique maker of handcrafted, individually hallmarked handsets said this is an ideal period of time for its penetration into a fast-growing economy, said Christopher John Harris, Vertu global marketing manager

Vertu, an arm of Nokia, is selling 20 units here each month, he said, declining to reveal sales and revenue figures since the handset hit the local market in February



The company is now selling Signature, Assent and Diamond models through Vietnamese leading cell phone distributor FPT Distribution - a branch of the country's largest IT solutions firm FPT Corp

The prices Signature and Assent range between $5,000 and $23,000 each while a Diamond model reaches $42,800

The company's market survey showed there was increasing demand for super luxury goods, said Harris

Vietnamese consumers are willing to splurge on luxury goods but take a long time to make a final decision

Therefore, Vertu will focus on intensive marketing strategies to learn the psychology and taste of consumers in the country, he explained

FPT will open a showroom in Hanoi in addition to the existing one in Ho Chi Minh City, the two largest commercial hubs in Vietnam

Vietnam is among the world's most prolific mobile phone markets with some 4.7 million sets are estimated to be sold this year and 6.3 million next year, a recent survey by market research company GfK Asia shows

The mobile phone market is estimated to generate $877 million in 2006 and $1.1 billion in 2007

Vietnam is expected to have 36 million mobile phone subscribers by 2010, up from some 13 million now, according to the Ministry of Posts and Telecom

(Thanh Nien Online Dec 08) Copyright 2006 Vietnam News Briefs

Copyright 2006 Toan Viet Limited Co.

[ Back To TMCnet.com's Homepage ]
Discussions:
Be the first to post a comment on this page!
 
By  
TMCnet
+ Add to the Discussion
Bookmark mobile.TMCnet.com on your mobile phone now to stay on top of the latest tech news.
Featured White Papers
Featured White Paper RSS feed
10 reasons to switch to an IP PBX
Application Whitelisting: A new security paradigm
SCADA Systems Protection
view all white papers…
Top Stories
Today's TMCnet Top Stories and News Articles
CableLabs' Reed: Fiber, Wireless Are Simpatico
Conferencing Feature: Outdoor Affinity Telecom offers Members Savings …
The M2M Week in Review
TMCnet VoIP Week in Review
TMC and EMBRASE Partner to Host StartupCamp Telephony at ITEXPO …
more of today's top stories...
Related VoIP News
Latest IP Communitions and VoIP News
Riverbed Launches Cloud-Based Services for Enterprise and Government Markets
ShoreTel Secures 228th Spot in List of Fastest-Growing North American Companies
Ingenico, AviIT and OnAir Ink Alliance to Provide Secure, Online, In-Flight Payment Solutions
Infonetics: Carrier Spending Decline Below 6 Percent in 2009
Motorola Intros Frame-Based eNodeB

Today @ TMC
Subscribe FREE to all of TMC's monthly magazines. Click here now.