Ex-Grab Vietnam CEO new Apple country director

By Phan Lam
Wed, August 10, 2022 | 3:08 pm GMT+7

Nguyen Thai Hai Van, who resigned from her post as Grab Vietnam managing director in April, has taken the role of Apple country director in the Vietnamese market.

The Vietnamese national has updated her new post on her LinkedIn account, saying she had started this May. However, Apple Inc. has not made an official announcement.

Before joining Apple, Van had more than two years of experience at Grab Vietnam. Previously, Apple had placed the Vietnamese market under a regional director.

Nguyen Thai Hai Van as Grab Vietnam CEO. Photo courtesy of Grab Vietnam.

Nguyen Thai Hai Van as Grab Vietnam CEO. Photo courtesy of Grab Vietnam.

Apple CEO Tim Cook has just mentioned Vietnam in the group of emerging markets. The tech giant in July reported a 2% increase in revenue to $83 billion for the April-June quarter, a “near doubling” of revenues in the India market. Apple added it logged record revenues in both developed as well as emerging markets, with double digit growth in markets like Brazil, Indonesia and Vietnam.

Replying to an analyst's query on iPhone, Cook said: “It's the product and the innovation within the product that's driving it. The other key variables such as size of the installed base have been growing significantly.”

He added, “We also set a June quarter record for switchers with strong double-digit growth that is fueling the additional install base. We continue to execute across some significant geographies with low penetration of iPhones between Indonesia, Vietnam and India where we did quite well."

“iPhone tends to be the engine for those markets, particularly at the beginning of creating the market there for Apple products,” he was quoted by The Hindu, an Indian newspaper.

The Vietnamese market has not seen the Apple Store presence like in Singapore and Thailand. However, more and more Apple products have been taking up space at dedicated distribution chains like FPT Studio, TopZone, and Shopdunk Mono Store.

As for Grab Vietnam, the subsidiary of ride-hailing giant Grab has not officially announced its new CEO after Van quit this April.

Comments (0)
  • Read More
Thai banks eye expansion in Southeast Asia

Thai banks eye expansion in Southeast Asia

Thailand's large banks are likely to see significant opportunities to expand their regional business and enhance their revenue prospects, given the growth potential of ASEAN economies, according to Fitch Ratings.

Southeast Asia - Tue, April 16, 2024 | 9:28 pm GMT+7

HCMC High-Tech Park grants environmental permits, approve project construction on its own

HCMC High-Tech Park grants environmental permits, approve project construction on its own

The Saigon High-Tech Park (SHTP) in Ho Chi Minh City has the authority now to grant environmental permits and approve project construction, Huynh Ngoc Dao, chief of the office of the park’s management board, said Tuesday.

Investing - Tue, April 16, 2024 | 8:55 pm GMT+7

WB estimates $25 bln foreign investment after Vietnam stock market upgrade

WB estimates $25 bln foreign investment after Vietnam stock market upgrade

Vietnam’s stock market status upgrade from “frontier” to “emerging” by global index providers FTSE Russell and MSCI can attract international investments of $25 billion by 2030, the World Bank estimates.

Finance - Tue, April 16, 2024 | 8:50 pm GMT+7

US, StanChart promote clean energy investments in Vietnam

US, StanChart promote clean energy investments in Vietnam

The United States Agency for International Development (USAID) and Standard Chartered Bank Vietnam have signed a memorandum of understanding (MoU) to promote clean energy investments in Vietnam.

Banking - Tue, April 16, 2024 | 8:42 pm GMT+7

Lawrence Wong to take over as Singapore’s new PM on May 15

Lawrence Wong to take over as Singapore’s new PM on May 15

Deputy Prime Minister Lawrence Wong is set to take the helm as Singapore’s new Prime Minister on May 15.

Southeast Asia - Tue, April 16, 2024 | 7:33 pm GMT+7

DNSE Securities to go public by end-June: exec

DNSE Securities to go public by end-June: exec

Hanoi-based DNSE Securities JSC will have its shares listed on the Ho Chi Minh Stock Exchange (HoSE) in June this year at the latest, a company executive has confirmed.

Companies - Tue, April 16, 2024 | 7:17 pm GMT+7

Vietnam ministry retains no-payment plan for excess rooftop solar power

Vietnam ministry retains no-payment plan for excess rooftop solar power

The Ministry of Industry and Trade has retained last year’s proposal that excess power from rooftop solar systems in residences and offices be connected to the national grid without payment.

Energy - Tue, April 16, 2024 | 5:27 pm GMT+7

Vietnam appreciates Apple investment, creation of 200,000 jobs: PM

Vietnam appreciates Apple investment, creation of 200,000 jobs: PM

Vietnam appreciates tech giant Apple’s investments that have generated 200,000 jobs and will set up a working group to further support its activities, Prime Minister Pham Minh Chinh said Tuesday.

Companies - Tue, April 16, 2024 | 4:12 pm GMT+7

Vietnam PM requests stable power supply during peak period

Vietnam PM requests stable power supply during peak period

Vietnamese Prime Minister Pham Minh Chinh on Monday ordered drastic, synchronous and effective measures to ensure stable power supply during the peak period this year and beyond.

Economy - Tue, April 16, 2024 | 1:12 pm GMT+7

Misinformation a bane for Vietnam stock market investors: broker

Misinformation a bane for Vietnam stock market investors: broker

Stock market investors in Vietnam closely follow official media and any misinformation it carries can badly hurt the market, says Nguyen Duy Hung, chairman of SSI Securities.

Society - Tue, April 16, 2024 | 11:50 am GMT+7

Arrested businessman’s fingerprints cover Thuan An Group

Arrested businessman’s fingerprints cover Thuan An Group

Hanoi-based Thuan An Group JSC has grown rapidly thanks to winning construction contracts for projects across the country that bear the mark of 50-year-old businessman Nguyen Duy Hung.

Companies - Tue, April 16, 2024 | 11:24 am GMT+7

US First Solar plans to invest $943 mln to increase output of Vietnam plant

US First Solar plans to invest $943 mln to increase output of Vietnam plant

First Solar, an American manufacturer of solar panels, plans to invest VND23.9 trillion ($942.5 million) to increase the capacity of its factory in Ho Chi Minh City.

Energy - Tue, April 16, 2024 | 10:46 am GMT+7

US dollar hits new high versus Vietnam dong

US dollar hits new high versus Vietnam dong

The U.S. dollar has continued to strengthen against the Vietnamese dong, reaching a new high at commercial banks and causing another headache for the country’s central bank, which has been ordered to stem gold fever.

Banking - Tue, April 16, 2024 | 10:40 am GMT+7

Private lender OCB targets 66% rise in 2024 pre-tax profit

Private lender OCB targets 66% rise in 2024 pre-tax profit

Vietnam’s Orient Commercial Bank (OCB) is targeting a pre-tax profit of nearly VND6.9 trillion ($274 million) this year, an increase of 66% from 2023.

Banking - Tue, April 16, 2024 | 9:23 am GMT+7

Vietnamese billionaires lose $479 mln on stock market plunge

Vietnamese billionaires lose $479 mln on stock market plunge

The five wealthiest billionaires in Vietnam lost a total of VND12 trillion ($479.3 million) on Monday when the VN-Index, representing the Ho Chi Minh Stock Exchange (HoSE), plummeted 60 points, the sharpest fall in nearly 2 years.

Finance - Tue, April 16, 2024 | 8:10 am GMT+7

Malaysia sets up clean energy exchange

Malaysia sets up clean energy exchange

The Malaysian government has agreed to establish the Energy Exchange Malaysia (Enegem) to facilitate cross-border sales of green electricity to neighboring countries.

Southeast Asia - Mon, April 15, 2024 | 11:11 pm GMT+7