Investment More foreign investment inflows into Vietnam By Quoc Hung Sunday, Jun 21, 2020,09:04 (GMT+7) More foreign investment inflows into VietnamBy Quoc Hung Workers at a production line inside a foreign-invested enterprise in Vietnam – PHOTO: QUOC HUNG The Sino-American trade war together with supply chain disruptions due to the novel coronavirus pandemic has prompted many an investor to plan to relocate their production facilities in order to reduce their reliance on China. Will Vietnam be able to grasp investment opportunity from such a location shift? The Japan-based newspaper Nikkei Asian Review recently cited sources as saying that the American tech giant Apple would for the first time produce from three million to four million AirPods wireless earphones in Vietnam. This amount of AirPods is about 30% of the total AirPods production in the second quarter of this year. In fact, Apple once requested its key suppliers to appraise plans to move around 15% to 30% of its hardware production out of China when Washington-Beijing tensions heightened last year. At present, the Covid-19 pandemic only speeds up the process. GoerTek, a key AirPods assembler which is based in China, began preparing to shift production to Vietnam as early as October 2018; It started a… Read full this story
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