Apple Opens Subsidiary in Vietnam

Established on Oct. 28 with a registered capital of 15 billion dong ($672,194), Apple Vietnam Limited Liability will conduct wholesale businesses of various products including its signature smartphones, provide information technology and maintenance services as well as advising services.

The number of mobile phone subscribers in Vietnam grew 26 percent from 2009 to 2013 to 124 million, making Vietnam Apple Inc’s hottest market after sales there tripled in its fiscal first half of last year, a growth rate five times faster than in India.

Read more at Reutershttp:

http://www.reuters.com/article/2015/11/05/us-apple-vietnam-idUSKCN0SU1UZ20151105#Xucv1QzJemHm5K3b.97