good crabdouble-skinned crabsexellent crab

Apple Wants to Increase Investments in Vietnam

Associated Press
April 16, 2024 | 8:14 pm
SHARE
Vietnamese Prime Minister Pham Minh Chinh, left, speaks to Apple CEO Tim Cook, right, before their meeting in Hanoi, Vietnam on Tuesday, April 16, 2024. (Duong Van Giang/VNA via AP)
Vietnamese Prime Minister Pham Minh Chinh, left, speaks to Apple CEO Tim Cook, right, before their meeting in Hanoi, Vietnam on Tuesday, April 16, 2024. (Duong Van Giang/VNA via AP)

Hanoi. Apple CEO Tim Cook said Tuesday that he wants to further increase investment in Vietnam a day after the company announced it would spend on suppliers in the Southeast Asian manufacturing hub.

Vietnam has become more important to Apple as the company seeks to diversify its supply chains away from China, where most of its smartphones and tablets are assembled.

The company began looking at moving its production to countries like Vietnam, and more recently India, after shutdowns to fight Covid-19 in China repeatedly disrupted the company's shipments.

Cook made his comments while meeting with Vietnamese Prime Minister Pham Minh Chinh, according to state media outlet Voice of Vietnam. Apple also said that it would increase its spending on suppliers, according to a press release on Monday.

ADVERTISEMENT

“There is no place like Vietnam, a vibrant and beautiful country," said Cook, according to the press release, adding that the company's annual spending in the country had doubled since 2019.

No details were shared about the plan. Cook arrived in Hanoi on Monday for a two-day visit during which he met students, programmers and content creators.

Apple began operating in Vietnam over a decade ago and says it is responsible for creating over 200,000 jobs there. Vietnam is also among the top five leading mobile game producers globally.

Apple has 26 suppliers with 28 factories in Vietnam, according to its 2022 list. Most of these are located in northern provinces, where they can be easily connected to existing supply chains in southern China. Northern Vietnam has also historically been a hub for making electronics and has cheap, skilled labor.

Tags: Keywords:
SHARE

Related Articles


Tech Mar 5, 2026 | 5:00 am

Apple’s 'Big Week' Targets Budget Buyers with $599 Devices 

This updated version of iPhone targeting budget-conscious shoppers will include the same A19 chip as the one powering the base iPhone 17.

The Latest


News 16 minutes ago

W. Jakarta Immigration Chief Detained in Probe Into Foreign Residency Permit Corruption

The Corruption Eradication Commission has detained an immigration chief as it investigates alleged corruption in foreign residency permits.
Business 2 hours ago

Jakarta Stocks Plunges 5% Midday as Rupiah Hits Record Low at Rp 17,900

JCI plunged nearly 5% after the rupiah hit a record low against the US dollar, triggering a broad market selloff.
Business 2 hours ago

Rupiah Hits Rp 17,926 Against US Dollar Amid Oil Surge and Geopolitical Risks

Rupiah fell to Rp 17,926 per US dollar as rising oil prices, Middle East tensions, and strong dollar demand weighed on sentiment.
Business 3 hours ago

Indonesia to Cut Royalty Income Tax for Writers to 1.5%

The tax cuts will be available for authors who publish work with a clear International Standard Book Number (ISBN).
Special Updates 3 hours ago

Shinhan Bank Indonesia Launches Flazz Top-Up Feature on SOL Indonesia Application

Shinhan Bank Indonesia enables seamless Flazz top-ups via the SOL Indonesia mobile banking app.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED