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Taman Perindustrian Sime UEP,
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Penang Office:
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11600 Green Lane,
Penang, Malaysia.

Fictron Industrial Automation Pte Ltd
140 Paya Lebar Road, #03-01,
AZ @ Paya Lebar 409015,
+65 31388976

Vertu Returns to Vietnam

Vertu Returns to Vietnam
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After a two-year suspension, British luxury phone maker Vertu has announced resumption of sales at its Ho Chi Minh City store next month. Vertu Vietnam, a local unit of the phone maker, said original Vertu phones will once more be sold in Vietnam, first from an District 1 outlet in Ho Chi Minh City in October, then a Hanoi outlet the following month.
Vertu luxury mobile devices had been marketed in Vietnam since 2006 by electronics distributor FPT Trading, earlier known as FPT Telecom Products Distribution Co., Ltd., through three outlets in Vietnam. In late 2017, the stores closed after Vertu ceased production in the U.K. The company had submitted for bankruptcy in its home country, having racked up debts of some £138 million, but its business was still successful in Vietnam.
A representative of FPT Trading said that when Vertu’s U.K. factory was stopped, customers in Vietnam were still ordering its super-luxury phones. Vertu will now distribute its phones through Vertu Vietnam, a Hanoi headquartered company established in May 2019. Before Vertu declared its return to Vietnam, traders had observed that demand for Vertu handsets in the country had never died down.
“Normally, we rarely see Vertu phones, but in events or places with lots of rich people, you can find 80-90 percent of them using them. For them, the latest technology is not a top priority. They use Vertu because of the phone’s anti-tapping protection features, the brand name and the fact it is crafted from luxury materials,” said Nguyen Phi Dung, a dealer in luxury hand-carried Vertu phones.
Models that cost between VND100–150 million ($4,300 – $6,450) were previously the most popular, but customers have even bought handsets costing VND500 million to over VND1 billion ($21,500 – $43,000), Dung added. Vertu was founded by Finnish phone-maker Nokia in 1998, but changed hands quite a few times later. In 2012, it was sold to Swedish investment corporation EQT; and in 2015 to Hong-Kong based investment fund Godin Holdings.
In March 2017, Vertu was sold to Baferton Ltd., owned by Turkish businessman Hakan Uzan. However, just four months later, Uzan had to close Vertu’s U.K. factories, having failed to save it from bankruptcy. However, in October last year, Vertu made an unexpected return to China with a new Aster P, priced at $5,167 for black and white models, and $14,146 for its yellow model.

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