Television brands find Vietnamese market tough going
Before the latest withdrawal of Vinsmart, Japanese giants like Panasonic, Toshiba, and Sharp also dropped out of the Vietnamese television market.
Panasonic, Toshiba and Sharp televisions are no longer found at large electronics supermarket chains.
Online news outlet zing.vn quoted a Toshiba representative as saying that they had stopped selling televisions in Vietnam and focused on other household electronics products.
Panasonic also announced it would stop producing low-cost televisions at factories in India and Vietnam to cut costs and restructure its business operations at the beginning of this month.
Like Sharp, Panasonic sold only a few television models in Vietnam from 2018 and 2019 with old technology and at clearance sale prices.