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FAANG

Apple Deepens Investment in Vietnam’s Tech Landscape

Rary Maharani
Last updated: April 19, 2024 12:13 am
Rary Maharani
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1 Min Read
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  • Apple deepens investment in Vietnam’s tech landscape, pouring $15.8 billion since 2019.
  • The tech giant forges local alliances for sustainable development.
  • Vietnam emerges as key market driving Apple’s global growth strategy.

Contents
Apple seeds sustainable growth in VietnamThe apple doesn’t fall far from the tree

Apple seeds sustainable growth in Vietnam

Apple CEO Tim Cook’s recent two-day visit to Vietnam signaled the tech giant’s ambitions to ramp up investments in the country’s burgeoning electronics supply chain.

Since 2019, Apple has poured a staggering $15.8 billion into Vietnamese partners, fueling job creation and economic growth.

Beyond financial investments, Apple has forged alliances with local organizations to support rural Vietnamese communities.

Initiatives include providing safe water access and clean energy solutions for schools, reflecting the company’s commitment to sustainable development.

The apple doesn’t fall far from the tree

With over a decade of operations in Vietnam and 200,000 local jobs created, Apple’s roots run deep in the nation.

Recent moves like launching an online store and Apple Pay service further cement Vietnam’s importance as an emerging market driving Apple’s global growth strategy.

To read the original article: https://www.techinasia.com/apple-commits-investment-vietnam

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