Seventy-four percent of workers in the manufacturing & processing industry in Vietnam are expected to lose their jobs because of the impact of the fourth industrial revolution, the highest level among ASEAN countries.

While government officials and some economists are optimistic about economic performance this year, other analysts say growth is unsustainable because it relies too much on the foreign-invested economic sector.

VietNamNet Bridge - The mid-tier smartphone market segment is dominated by Samsung and Oppo in Vietnam. 

Dau Anh Tuan from VCCI said that of every 10 dong worth of export turnover, 7.5 dong belong to the foreign direct investment (FDI) sector. The figure was five out of 10 dong some years ago.

VietNamNet Bridge - The Vietnamese telecommunications market is shaped by the dominance of three big players – VinaPhone, MobiFone and Viettel. But now Samsung may join forces with businesses to develop IT.

The Vietnamese mobile phone market in the third quarter saw an unexpected breakthrough from Samsung, which now holds the largest market share among smartphone makers. 

VietNamNet Bridge - Following Oppo, other Chinese smartphone brands have been entering Vietnam, creating competition for other brands.

VietNamNet Bridge - Vietnamese who have experienced Galaxy Note 8 highly appreciate the model, saying it is worth the money.

VietNamNet Bridge - Economists, while agreeing that Vietnam has opportunities to boost exports to the US and other choosy markets, say enterprises may not be prepared to grasp the chances afforded to them. 

VietNamNet Bridge - Mid-range smartphones are offering affordable prices and attractive features as manufacturers prepare for competition in the market segment.

 South Korea’s Samsung Electronics Co Ltd plans to become a major player in autonomous driving, building on its recent $8 billion acquisition of audio and auto parts supplier Harman and its pole position

 Samsung Electronics Co Ltd on Tuesday said pre-orders for its Galaxy Note 8 premium smartphone have hit the highest-ever for the Note series, beating its predecessor Note 7 over five days by about 2.5 times.

VietNamNet Bridge - The great potential of the Vietnamese food market has attracted the South Korean conglomerate the CJ Group.

Setting up a logistics joint venture with Minh Phuong, Samsung has shown that it wants to jump into a new business field in Vietnam. But the move may trigger a new war in the domestic logistics market.

VietNamNet Bridge - The number of smartphone sales declined slightly last month, but consumers continued to spend more on high-end products.  

VietNamNet Bridge - Samsung is competing with Apple in the high-end market segment, holding the advantage over Oppo in the mid-end market segment, and crushing all efforts of the rest.

VietNamNet Bridge - Many electronics and engineering companies have become first-class suppliers for foreign-invested enterprises in Vietnam.

The Ministry of Finance’s (MOF) move to reject LG Display’s plan to increase investment capital by $90 million to $1.59 billion shows state agencies’ concern about possible financial imbalance if foreign-invested enterprises rely heavily on loans.

Officially setting foot in the Vietnamese market two months ago, in mid-March, Xiaomi was expected to bring to Vietnamese users high-quality products with suitable models and reasonable prices.

VietNamNet Bridge - A representative from Samsung Vietnam said its factories in Vietnam provide 50 percent of all the Galaxy S8/S8 Plus smartphones sold internationally.