Apple Opens Subsidiary in Vietnam Amid Strong iPhone Sales

05.11.2015

Apple has opened a subsidiary company in Vietnam to import and distribute iPhones directly in the country, one of the fastest growing smartphone markets in the Asia-Pacific region, according to Reuters.

Vietnam’s national business registry website confirms that Apple Vietnam Limited Liability was established in Ho Chi Minh City on October 28 with a registered capital of 15 billion dong, or roughly $672,000 in U.S. dollars.
Vietnam was one of Apple’s fastest growing markets after iPhone sales tripled in the first half of its 2015 fiscal year, which is a growth rate five times faster than India, despite having a significantly smaller population, according to the report.

Source: Mac Rumors