Smarthome market poised for handy growth

According to the Vietnam Smarthome Report 2022, the number of startups, research and development (R&D) bodies, and smarthome production companies in Vietnam has increased rapidly compared to elsewhere in the region. Revenue in the market is expected to reach nearly $240 million this year, and with a compound annual growth rate of about 17.2 per cent in the 2022-2026 period will hit $453 million by 2026. Vietnamese smarthome brands are among the most popular with Vietnamese people, following Xiaomi from China.