10/12/2020 06:15:54 (GMT +7)
 
 

Int’l media: Some Apple production to be shifted to Vietnam

Đổi trò chơiThe world’s largest electronic component and computer manufacturer Foxconn is moving some iPad and MacBook assembly to Vietnam from China at the request of Apple Inc, 

Reuters quoted a person with knowledge of the plan as saying.

Đổi trò chơiThe production lines are expected to come into operation in Vietnam in 2021.

According to Bloomberg, Apple’s partners have ramped up iPhone production capacity in India, and companies that assemble AirPods have added some assembly lines in Vietnam.

Đổi trò chơiFoxconn announced 270 million USD of new investments earlier this week, which a person familiar with the company’s operations said was for Vietnam.

 

“This would be done to help Apple diversify production away from China and reduce the impact of the US-China trade war. Firms located in Taiwan such as Foxconn are also concerned about the trade war and are working out ways to move production out of China and into Vietnam, Mexico, and India,” according to phonearena.com.

Đổi trò chơiSome AirPods are manufactured in Vietnam and next year, the third-generation AirPods are expected to be made in the country and released during the first half of the year, it said.

The US and China are still in a trade war. According to silicon.co.uk, during the past four years, the US has targeted made-in-China electronics for higher import tariffs, and restricted supplies of components produced using US technology to Chinese firms it deems a national security risk.

A partial shift to Vietnam would reduce the impact if the trade war worsens, and could be helpful for maintaining output even if the incoming Biden administration eases tensions, reported engadget.com./.VNA

 
 

Other News

.
Property sector still attractive to investors
BUSINESSicon  29/11/2020 

Many people with money and without investing knowledge have chosen property as a safe haven, helping estate prices still increase despite the pandemic, experts have said.

Law on electronic transactions to be amended
BUSINESSicon  28/11/2020 

Đổi trò chơiThe Ministry of Information and Communications (MIC) is proposing the amendment of some articles in the Law on Electronic Transactions No. 51/2005/QH11 in order to fix its shortcomings.

State-owned giants cling to support dream
BUSINESSicon  28/11/2020 

With many state-run enterprises enduring heavy losses since the pandemic began, the National Assembly’s support package for Vietnam Airlines is bringing hope to other state-owned giants 

Lenders pledge to help revive regional economy via RCEP
BUSINESSicon  29/11/2020 

After a lengthy eight-year negotiation process, the Regional Comprehensive Economic Partnership was finally signed just over a week ago.

How Vietnam weathers global health crisis and rises?
BUSINESSicon  28/11/2020 

The primary reason for positive economic growth this year is decisive steps to contain the health and economic fallout.

Digitalisation key to improving logistics sector: experts
BUSINESSicon  28/11/2020 

Đổi trò chơiVietnam must reduce logistic costs to strengthen competitive capacity as the country pushes for greater international economic integration, heard participants at the Vietnam Logistics Forum 2020 in Hanoi on Thursday. 

Vietnam among most resilient economies in Covid-19
BUSINESSicon  27/11/2020 

Đổi trò chơiVietnam is listed among only five countries on the rankings that are expected to enjoy economic growth in 2020.

Preferential registration tax policy expires, domestically made automobiles at a disadvantage
BUSINESSicon  29/11/2020 

From 2021, when the preferential registration tax policy is removed, domestically made cars will be at a disadvantage compared with imports.

New regulation on temporary tax payments worries businesses
BUSINESSicon  28/11/2020 

The taxation body needs to ‘nurture sources of revenue’ rather than bleed businesses dry, businesspeople say.

Vietnam banks remain attractive options for foreign investors
BUSINESSicon  27/11/2020 

M&A activities in the banking sector are set to heat up in 2021, when the Covid-19 pandemic is fully contained and the majority of Vietnamese banks have completed their restructuring processes.

Bottlenecks in Vietnam’s renewable energy development
BUSINESSicon  27/11/2020 

Đổi trò chơiVietnam will likely have to increase coal power to ensure stable and affordable power supply.

E-commerce serves as a gateway for Vietnamese exports
BUSINESSicon  27/11/2020 

E-commerce offers businesses, especially small and medium-sized enterprises (SMEs), a direct reach to international customers, boosts their sales, speeds up the marketing process and saves costs, experts have said.

Vietnam bond market posts strongest growth among emerging East Asia in 9 months
BUSINESSicon  27/11/2020 

This growth was supported by expansion in both the government and corporate bond segments, stated the ADB.

Continuing to provide advantages for US investors
BUSINESSicon  28/11/2020 

As the United States and Vietnam celebrate 25 years of diplomatic relations, the partnership between the two is arguably at its strongest level, with growing trade and investment ties.

Tight control of debt safeguarding finances
BUSINESSicon  27/11/2020 

Đổi trò chơiVietnam has continued to bring public debt under its control, thus ensuring financial security for the country.

Budget rise to cushion country’s growth hopes
BUSINESSicon  27/11/2020 

Đổi trò chơiWith an expected economic growth rate of 2-3 per cent this year, the National Assembly has decided on a rise in budget deficit in order to ensure state budget spending, amid enterprise revenues being hit by the health crisis.

Vietnam needs focus on quality cocoa: experts
BUSINESSicon  28/11/2020 

Vietnam needs policies encouraging the development of cocoa trees with a focus on productivity and quality instead of output for the sustainable development of the cocoa industry.

International financing key to develop Vietnam's power sector
BUSINESSicon  27/11/2020 

Vietnam needs US$150 billion to invest in power projects in the next 10 years, equal to half the country’s current gross domestic product (GDP), which raises demand for international financing.

Experts upbeat about VN’s post-pandemic economic recovery, urging firms to focus on new trends
BUSINESSicon  27/11/2020 

Experts are upbeat about Vietnam’s post-pandemic economy, urging enterprises to grasp opportunities arising from new trends, such as digital transformation, energy infrastructure development

Investment funds to pour US$ 815 million in Vietnamese start-up businesses
BUSINESSicon  26/11/2020 

Đổi trò chơiThirty-three investment funds that has pledged to pour US$ 815 million in Vietnamese innovation start-up businesses in the next five years.

 
 
 
Leave your comment on an article

OR QUICK LOGIN