It seems that there are only two differences between the Galaxy S III Mini VE and the original version of the smartphone (first released in late 2012). The new model runs Android 4.2 Jelly Bean out of the box (as opposed to Android 4.1), and has a 1.2GHz dual-core processor (an upgrade from the 1.0GHz dual-core CPU of the old model). And that’s it, the rest of its features remained unchanged, including a 4-inch display with 480 x 800 pixels, 5MP rear camera, 1GB of RAM, and 8GB of expandable internal memory.
For the moment, the Galaxy S III Mini Value Edition is available only in the Netherlands. The handset costs around $250 (€181) - that’s about $50 higher than the price of the original S III Mini. As we said back in January, we don’t really see the point in having a Galaxy S III Mini Value Edition, not at this price and not when other smartphones, which offer better specs, can cost less (see the Motorola Moto G).
source: GSMinof.nl (translated)