Apple CEO Tim Cook expressed his intention to increase investment in Vietnam during a meeting with Vietnamese Prime Minister Pham Minh Chinh. This announcement comes after Apple revealed plans to boost spending on suppliers in the Southeast Asian nation. Vietnam has gained significance for Apple as the tech giant aims to diversify its supply chains beyond China, where the majority of its smartphones and tablets are manufactured.
Amid disruptions caused by COVID-19 lockdowns in China, Apple has been exploring production relocation to countries like Vietnam and India. Cook highlighted the appeal of Vietnam, describing it as a vibrant and beautiful country. Apple's annual expenditure in Vietnam has reportedly doubled since 2019, although specific details of the investment plan were not disclosed.
