US-based tech giant Apple will increase spending on suppliers in Vietnam – a key production hub, as CEO Tim Cook is paying a two-day visit to the country, starting on April 15.
Apple CEO Tim Cook is on a two-day visit to Vietnam. (Photo: VNA)
Hanoi (VNA) – US-based tech giant Apple willincrease spending on suppliers in Vietnam – a key production hub, as CEO Tim Cook is paying atwo-day visit to the country, starting on April 15.
Thegroup announced the information in a statement on its website but gave no details ofhow much it will spend as well as where the money will go.
During his stay in Vietnam, Cook will meet with programmers, students, andcontent creators.
Apple will boost its connection with local suppliers, clean water projects and education opportunities, Cook was quoted as saying on his arrival.
The company has spent nearly 16 billion USD since 2019 through its local supplychain, and more than doubled its annual spending to Vietnam during the sameperiod. Since its operation in Vietnam a decade ago, Apple has helped generatemore than 200,000 jobs.
Vietnam is among the five leading mobile game producers in the worlds. Apple’s iOSapp economy has seen jobs in the country nearly tripling since 2017./.
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Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
Apple CEO Tim Cook is on a two-day visit to Vietnam. (Photo: VNA) 
