While Korean media reported that Samsung is cutting smartphone production in Vietnam, Indonesia sees its smartphone market grow 11.5% in first-quarter 2022 with Oppo dominating the market.
Samsung reportedly cuts smartphone production in Vietnam
According to ET News, Samsung Electronics is reportedly reducing operating hours of its smartphone factory in Vietnam. The reports said that working days are cut down from five days a week to three to four days a week. Samsung’s Vietnamese factories are responsible for over 60% of its smartphone production.
US to waive tariffs on solar panels from SEA
According to Reuters, the US is waiving tariffs on solar panels from some Southeast Asian countries for two years and has invoked the Defense Production Act to manufacture solar panels in the US. The White House confirmed the news last week.
Indonesia’s smarphone market grows 11.5% on-year in 1Q22
According to Counterpoint Research, Indonesia’s smartphone market grew 11.5% in the first quarter this year, compared to the same period in 2021, as demand recovered in the post-COVID era. Oppo secured first place as the biggest smartphone brand in Indonesia with 22.3% market share in the quarter, followed by Vivo (20.6%) and Samsung (17.7%).
Energy Absolute to launch electric trucks soon
According to the Bangkok Post, local EV and green energy developer Energy Absolute (EA) is launching an electric truck in the second half of this year, following its launch of an electric boat in 2020. The company said EV will be its main source of revenue as government subsidies for solar and wind energy phase out.
Indonesia opens up for digital nomads
According to Bloomberg, Indonesia’s Tourism Ministry is looking to offer 5-year visa for high-paying travelers working remotely for international tech companies in a push to boost tourism revenue after the pandemic. The ministry said last week that the visa may help bring 3.6 million travelers and create over one million jobs.