FPT Technology Products Company, a subsidiary of technology giant FPT, plans to shift from production of feature phones to smart phones to catch up with the global trend, news website Saigon Times reported.
The company hopes to have 600,000 smart phones under its own brand name in the market this year, Le Hoang Hai, its deputy director, said.
It expects smart phones to make up 70 percent of its mobile handset sales, he added.
It would make efforts to push sales of its smart phones above the country's average growth rate, which was 15 percent last year, by using the latest technologies, it said.
The company has forecast growth in smart phones sales to double this year.
Its FPT IV, which went on sale on February 18, became the first Vietnamese-made smart phone with a quad-core processor. Its price starts at VND4.45 million (US$213).
The company entered the mobile phone market in 2010 and introduced its first smart phone in mid-2011.
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