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.
Philippines, New Zealand Eye Forces Deal, Share Concern Over South China Sea
China claims almost the entire South China Sea, a conduit for more than $3 trillion in annual ship commerce. The Philippines, Vietnam, Indonesia, Malaysia, and Brunei have competing claims over some parts of the South China Sea.
Vietnam’s stability gets rude $24 bln shock
Companies derisking their supply chains from China have rushed to Vietnam, but their new stomping ground may not offer much more in the way of stability. The Southeast Asian country’s central bank has …
Tim Cook met with prime minister of Vietnam; next stop Indonesia
Apple CEO Tim Cook concluded his 2-day visit to Vietnam, during which he met with Prime Minister of Vietnam Phạm Minh Chính and promised to expand investment in Vietnam.
Tim Cook says Apple wants to invest more in Vietnam as smartphone maker distances itself from China
Apple is doubling down on its Vietnam business. The smartphone maker wants to expand its business relationship with suppliers in Vietnam, according to reports from state media. Earlier this week Apple …
China-South Korea competition grows in Vietnam
“Looking at the cumulative amount of investment in Vietnam since 1988, South Korea ranks first with $85.8 billion, ahead of Singapore and Japan. However, in recent years, Korea has been in a neck-to-neck competition with China,” Kim Hyong-mo told the Japan-based Asia news magazine.
3 Japanese investors join $1bn property project in Vietnam’s Binh Duong
Masuo Ono, Japanese Consul General in Ho Chi Minh City, affirmed that the support from local authorities and the partnership between Vietnamese and Japanese firms will contribute to sustainable develo
Exclusive: Vietnam mounts ‘unprecedented’ $24 billion rescue for bank engulfed in giant fraud
Vietnam has mounted an “unprecedented” rescue of Saigon Joint Stock Commercial Bank (SCB), a lender engulfed in the nation’s biggest financial fraud, according to three bank documents and new official …
Exclusive: Vietnam mounts ‘unprecedented’ $24 billion rescue for bank engulfed in giant fraud
Vietnam has mounted an “unprecedented” rescue of Saigon Joint Stock Commercial Bank (SCB), a lender engulfed in the nation’s biggest financial fraud, according to three bank documents and new official …
Capital influx from Taiwan builds up steam in Vietnam
According to experts at the forum, within the next 3-5 years, the north of Vietnam could become a centre for Taiwan’s world-leading high-tech electronics, while the south already boasts traditional …