‘Perfect landing spot.’ Apple plans to spend more in Vietnam as it looks beyond China

  • 📰 cnnbrk
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 55%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Apple is planning to buy more components from Vietnam, underscoring a trend among global tech firms to look beyond China to secure their supply chains, cut costs and open up new markets.

CEO Tim Cook made the pledge in a meeting with Vietnamese Prime Minister Pham Minh Chinh in Hanoi Tuesday, according to a statement by Vietnam’s government. Apple has already spent almost $16 billion through its supply chain in the country since 2019, the government quoted Cook as saying. And the company has created more than 200,000 jobs in Vietnam, it added.

” Once enemies in war, the United States and Vietnam have grown increasingly close — the value of US imports of Vietnamese goods soared more than 360% in the decade to end-2023 to top $144 billion, according to US government data.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 393. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple CEO Tim Cook Visits Vietnam to Boost Sales in New MarketsApple CEO Tim Cook arrived in Hanoi, Vietnam, as the U.S. tech giant aims to increase sales in new markets. Vietnam has become Apple's third-largest smartphone vendor and a key manufacturing hub. Cook's visit comes at a challenging time for Apple.
Source: NBCDFW - 🏆 288. / 63 Read more »

Apple CEO says that he wants to increase investments in VietnamApple CEO Tim Cook said Tuesday that he wants to further increase investment in Vietnam a day after the company announced it would spending on suppliers in the Southeast Asian manufacturing hub.
Source: ksatnews - 🏆 442. / 53 Read more »

Apple CEO says that he wants to increase investments in VietnamApple CEO Tim Cook said Tuesday that he wants to further increase investment in Vietnam a day after the company announced it would spending on suppliers in the Southeast Asian manufacturing hub. Cook met Vietnamese Prime Minister Pham Minh Chinh.
Source: AP - 🏆 728. / 51 Read more »