Yahoo FinanceApple wants to spend more on suppliers in Vietnam

Apr 16 2024 02:11 PM IST

Apple CEO Tim Cook said on Tuesday in Hanoi the U.S. tech giant wanted to boost its investment in Vietnam. Cook made the statement at a meeting with Vietnamese Prime Minister Pham Minh Chinh. Vietnam will set up a working group to support Apple's investment in the country.

HANOI (Reuters) - Apple Inc. CEO Tim Cook said on Tuesday in Hanoi the U.S. tech giant wanted to boost its investment in Vietnam, state media reported.
Cook made the statement at a meeting with Vietnamese Prime Minister Pham Minh Chinh during his visit to Vietnam, a key manufacturing hub for Apple.
Separately, in a statement released on Monday on its website, Apple said it would increase its spending on suppliers in Vietnam, where it has created some 200,000 jobs.
Vietnam will set up a working group to support Apple's investment in the country, Prime Minister Pham Minh Chinh told Cook during the meeting.
Apple did not respond to a request for additional comments about its planned spending.
Cook arrived in Hanoi on Monday for the two-day visit during which he met suppliers, students, content creators and users of Apple products.
(Reporting by Khanh Vu and Francesco Guarascio; Editing by Kanupriya Kapoor)
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