Apple CEO Tim Cook met with Vietnamese Prime Minister Pham Minh Chin this week at the Apple Park complex in Cupertino, California, where the two discussed trade, investment and finance.
according Vietnamese news site SGGP (Via me more), Sign said the Vietnamese government wants to create a “fair, transparent and market-based business environment” to allow American companies and investors to acquire land in Vietnam.
There are 31 companies employing 160,000 employees in Vietnam that produce and assemble electronic parts and equipment for Apple products, and Chin asked Cook to increase Apple’s business activities in Vietnam.
Cook, in turn, thanked Vietnam for creating a “business environment conducive to Apple’s operations”, telling Chin that Apple is indeed looking to expand its supply chain in the country.
During the past two years, reports have suggested that Apple is shifting more of its production to countries such as Vietnam and India in order to diversify its supply chain and make more products outside of China. Apple has started assembling some AirPods Pro, iPad and HomePod mini devices in Vietnam.
Apple supplier Foxconn received a license to build a $270 million plant in Vietnam in January 2021 after Apple asked the company to move some iPad and MacBook assemblies from China to Vietnam.
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