Vietnam fourth largest host of Apple suppliers in the world
Vietnam hosted 35 Apple suppliers as of the end of fiscal year 2023, up from 25 a year earlier, the American tech giant says.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple supplier BOE begins building $275 mln project in southern Vietnam
BOE Technology Group, a Chinese electronic components producer, kicked off the construction of a $275 million project in Vietnam’s southern coastal province of Ba Ria-Vung Tau on Thursday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple eyes manufacturing in Indonesia: CEO Cook
Apple CEO Tim Cook said the company will “look at” manufacturing in Indonesia following a meeting with the Southeast Asian country’s President Joko Widodo on Wednesday.
Southeast Asia - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple announces Vietnam expansion, CEO Cook in town
Tech giant Apple announced plans to increase investments in manufacturing hub Vietnam as CEO Tim Cook began a two-day visit to the country on Monday.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple supplier Inventec receives land for $200 mln Hanoi project
Taiwan-based Inventec, an Apple supplier, received the first land lots Monday for a $200 million, 50-hectare project in Hanoi.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Samsung-Apple supplier Goertek to run $280 mln project in northern Vietnam next quarter
Goertek Electronics Vietnam Co., Ltd., a major supplier to Samsung and Apple, plans to start operating a $280 million investment project in the northern province of Bac Ninh next quarter.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple supplier Luxshare-ICT to invest additional $140 mln in central Vietnam
Luxshare-ICT (Nghe An) Limited, a subsidiary of major Chinese electronics producer Luxshare-ICT, is set to invest $140 million more in Vietnam’s central province of Nghe An.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple supplier Luxshare-ICT looks for 1,000 new workers in central Vietnam
Luxshare-ICT (Nghe An) Limited, a subsidiary of major Chinese electronics producer Luxshare-ICT and a supplier for Apple Inc., is recruiting an additional 1,010 laborers after the Lunar New Year (Tet) holiday, as the firm anticipates rising orders.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
China electronics giant Goertek to invest $280 mln in Vietnam’s Bac Ninh province
Goertek (Hong Kong) Co., Limited, a wholly-owned subsidiary of Chinese electronics giant Goertek, plans to set up a subsidiary in Vietnam’s northern province of Bac Ninh with an investment of RMB199.04 billion ($280 million).
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam ready to ride new investment wave
Vietnam has gone through three waves of FDI and is at the foot of the fourth wave after Vietnam-U.S. relations were upgraded to a Comprehensive Strategic Partnership in September 2023.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Opportunities outnumber challenges, Vietnam set for FDI surge: Dragon Capital
With more opportunities than challenges, Vietnam is expected to receive increased direct and indirect foreign investment this year, said Dang Nguyet Minh, head researcher at leading investment firm Dragon Capital.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam to host its third APEC summit in 2027
Vietnam will host the Asia-Pacific Economic Cooperation (APEC) summit in 2027 for the third time, per the 2023 APEC Leaders’ Golden Gate Declaration adopted Friday in San Francisco.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Widen investment, role in Vietnam, President tells Apple, Boeing
Vietnamese President Vo Van Thuong has asked U.S.-based tech giants Apple and Boeing to make greater investments and step up their roles in Vietnam.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple contractor Luxshare adds $330 mln to Vietnam electronic project
Luxshare-ICT (Vietnam) Limited, a subsidiary of major Chinese electronics producer Luxshare-ICT and a supplier for Apple Inc., has received approval to raise registered capital in its Bac Giang province project by $330 million.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam taxman collects big money from tech giants Facebook, Google, TikTok
Vietnam collected a total of VND5.8 trillion ($237 million) from 67 cross-border companies, including transnational tech giants such as Meta, Google, Apple, and Microsoft, via an electronic portal in the first nine months of this year, according to the General Department of Taxation (GDT).
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
PM urges Apple, Boeing, Google to up Vietnam investments
Prime Minister Pham Minh Chinh has called on multinational giants like Apple, Boeing, Google and Siemens Healthineers to invest more in Vietnam.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple supplier Inventec to invest $125 mln in Vietnam’s capital city
Taiwan-invested Inventec Technology Vietnam was granted an investment registration certificate Wednesday for a $125 million project in Hanoi.
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam still a magnet for quality FDI: HSBC
Vietnam continues to be on the frontline of absorbing quality foreign direct investment (FDI) despite severe trade challenges, a new HSBC report says.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
American businesses make strong progress in Vietnam
U.S. giants like Intel, Cargill, Nike, AES, Murphy Oil, First Solar, Boeing and Apple have made extensive investments in Vietnam since the two countries normalized their relations in 1995.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
President Biden’s visit set to catalyze high-quality investment in Vietnam
The upcoming state visit by U.S. President Joe Biden to Hanoi is poised to beef up American investment in Vietnam as the two former war foes seek to elevate their diplomatic ties.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
BYD acquires giant Jabil’s mobility business for $2.2 bln
Electric vehicle maker BYD’s electronics arm, which operates a Vietnam plant making products and components for Apple, has agreed to buy U.S.-based manufacturing firm Jabil’s mobility business in China for around $2.2 billion.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam new source for rare earths magnet companies
South Korea's Star Group Industrial (SGI) and China's Baotou INST Magnetic are set to open factories in Vietnam to explore rare earth deposits, according to Reuters.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
iPhone 15 expected to hit Vietnam street in Sep
Apple may sell its new iPhone 15 in Vietnam in September, a month earlier than seen last year for iPhone 14 as the tech giant considers adjusting this market’s “priority level” from three to two.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foxconn invests fresh $100 mln in Vietnam
Foxconn, the world's largest contract electronics maker, has injected $100 million into its Singapore unit FIT Singapore to add to a new production project in Vietnam, according to the Taiwan Stock Exchange (TWSE).
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Six lenders join Apple Pay launch in Vietnam
Six Vietnamese banks have joined the Vietnam list of lenders supporting Apple Pay of Apple as the American tech giant launched the payment service in the country on Tuesday.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Wistron to pour additional $24.5 mln into Vietnam
Apple supplier Wistron’s board of directors (BOD) has approved a proposal to inject an additional $24.5 million into its new manufacturing subsidiary in Vietnam in line with the electronics maker’s business expansion and strategic planning.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foxconn licensed to invest $246 mln in Quang Ninh province
Quang Ninh province granted investment certificates to two projects proposed by Apple supplier Foxconn with total registered capital of $246 million on Thursday, just 12 hours after the applications were submitted, rather than the usual 14-day process.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple supplier Catcher plans Vietnam plant
Apple supplier Catcher Technology, a world-leading chassis maker, is in the process of building a production plant in Vietnam as other Taiwanese companies shift production to the country.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Electronics maker Wistron set for Vietnam expansion
Apple supplier Wistron is joining a global electronics manufacturing wave of expanding production in Vietnam after quitting its iPhone production in India.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam's FDI inflows to remain resilient
VinaCapital’s chief economist Michael Kokalari points out reasons why Vietnam continues to be a prime destination for foreign direct investment (FDI), particularly from multinationals looking to produce for export and seeking an alternative and/or additional manufacturing base to China.
Consulting - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple supplier Foxconn to begin production in central Vietnam next year
Foxconn has joined the trend of Apple suppliers expanding in Vietnam, an emerging manufacturing hub for the global electronics industry, with a new investment of $100 million in Nghe An province.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Apple to launch online store in Vietnam next week
Apple will launch an online store in Vietnam on May 18, offering a full range of Apple products and direct Vietnamese support for customers nationwide, the tech giant announced on Friday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foxconn acquires more land in Vietnam to add $100 mln
Apple’s biggest contractor Foxconn will add another $100 million to Vietnam as the Taiwanese electronic giant pushes ahead with efforts to shift more production away from mainland China as part of global supply chain diversification.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam spends $3.5 bln on smartphone imports in 2022
Vietnam spent $3.5 billion on importing smartphones in 2022, with iPhones accounting for the biggest portion of $1.61 billion, or 46.05% of the total.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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