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Apple’s CEO vows to boost investments in Vietnam

Bruno T
Latest News
April 16 2024 10:21AM

Apple Inc.’s Chief Executive Officer, Tim Cook, announced on Tuesday his plans to ramp up the company’s investments in Vietnam, pointing to the strategic importance of enhancing Apple’s global supply chain.

During a key meeting with Vietnamese Prime Minister Pham Minh Chinh, Cook discussed Apple’s objectives to increase spending among regional suppliers, an initiative that could strengthen the tech giant’s substantial footprint in Vietnam. Currently, Apple supports approximately 200,000 jobs in the country.

In response to Apple’s commitment, the Vietnamese government has taken proactive steps to facilitate this expansion. Prime Minister Chinh revealed that a dedicated working group will be formed to aid Apple’s investment efforts in Vietnam. This collaboration highlights the government’s support for foreign investment and its recognition of the potential economic benefits of hosting major tech operations.