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Apple announces expanded investment in Viet Nam

VGP - U.S.-based tech giant Apple on Monday announced on its Viet Nam website that it would “increase spending on suppliers” in the country.

April 16, 2024 3:32 PM GMT+7
Apple announces expanded investment in Viet Nam- Ảnh 1.

The company has spent nearly US$16 billion since 2019 through its local supply chain, and more than doubled its annual spending to Viet Nam during the same period.

Since its operation in Viet Nam a decade ago, Apple has helped generate more than 200,000 jobs.

Apple chief executive Tim Cook has kicked off his two-day visit to Viet Nam, as the U.S. tech giant's efforts to diversify its supply chain comes into focus again.

During his stay in Viet Nam, Cook will meet with programmers, students, and content creators.

Viet Nam has emerged in recent years as one of the most important manufacturing hubs of Apple, with suppliers including Luxshare Precision Industry, Goertek and Foxconn Technology Group, formally known as Hon Hai Precision Industry, all having operations there./.