An iPhone model developed by Apple (Photo: Getty Images)
Hanoi (VNA) – According a Nikkei Asian Review report, Vietnam is amongthe most likely destinations for Apple to restructure its supply chain in.
The California-based tech giant has decided therisks of depending heavily on manufacturing in China are too great, and it hasasked major suppliers including Foxconn, Pagatron, Wistron, Quanta Computer andCompal Electronics to evaluate the cost of shifting 15-30 percent of productioncapacity from China to Southeast Asia.
Economist Nguyen Dinh Anh told a Sputnik reporter that if Vietnam is selected,the domestic economy will be boosted while the country will have a chance toincrease its prestige in the global economy.
Improvements will be seen in several macro-economic indicators such as GDP,import-export revenue, jobs, and State budget collection, he said, adding thatApple will help give a more modern and industrial look to localities.
Apple’s shift of its production base away from China had already been forecast,and Vietnam is on the firm’s top list of new destinations thanks to variousconditions, Anh said, pointing out geographical location as an advantage forVietnam.
With stable politics, being open to trade, a stable economy and good control ofinflation, Vietnam has it all to satisfy both domestic and foreign investors.
Anh also noted the Government’s preferential policies in land access, capitaland taxes as attractive to foreign firms, as is the country’s 60-million strongand young workforce.
“Its rival, Samsung, has been successful in Vietnam, thus Apple will haveabsolutely no regrets when moving production to the country,” he said.
Vietnamese businesses are developing at a faster pace than ever before, andmany of them are able to join the global value chain and play an important rolein the supporting industry.
Local infrastructure facilities are being completed in line with internationalstandards, while living quality has been improved to meet satisfaction ofexperts and senior managers from the world’s leading corporations. -VNA
Hanoi will create optimal conditions for the licensing and construction of a new research and development (R&D) centre of Samsung Vietnam, Chairman of the municipal People’s Committee Nguyen Duc Chung has said.
Samsung SDS, an IT services arm of the RoK-based Samsung group, said on May 27 that it has signed a strategic cooperation pact with CMC Corporation, one of the leading ICT groups in Vietnam.
Ho Chi Minh City attracted 2.77 billion USD in foreign direct investment (FDI) in the first five months of 2019, up 49 percent year-on-year, reported the municipal People’s Committee.
Prime Minister Nguyen Xuan Phucon June 14 suggested Samsung Vietnam expand its operation not only in electronics assembling but also in technological development.
Hanoi is striving to attract over 500 million USD in foreign direct investment (FDI) in June 2019, raising the total FDI capital to nearly 5.3 billion USD in the first half of the year, according to insiders.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
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.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
An iPhone model developed by Apple
