Apple announces investment in Vietnam as Tim Cook visits Hanoi
Al Jazeera
Apple CEO is expected to meet programmers, students and content creators during two-day visit.
Apple has announced plans to boost spending in Vietnam, as CEO Tim Cook arrived in the Southeast Asian country for a two-day visit.
The California-based tech giant said in a statement on Monday that it would boost spending on suppliers in the country but did not elaborate on the amount it would spend or where the money would be focused.
The iPhone maker said it has spent nearly 400 trillion dong ($16bn) since 2019 through supply chains in Vietnam and more than doubled annual spending in the country during the same period.
“From cooperating with local suppliers, to supporting clean water projects and educational opportunities, we are committed to continuing to strengthen connections in Vietnam,” Cook said in the statement.
Vietnam has emerged as Apple’s most important manufacturing hub outside of China in recent years, with suppliers such as Luxshare, Foxconn, Compal, and GoerTek operating factories that employ more than 150,000 Vietnamese.
