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Hanoi (VNA) – Apple is ramping up the production of iPhones, iPads, Macs and other products outside of China, in a sign that the tech giant is continuing to accelerate its production diversification, reported Nikkei Asia. It quoted its sources as saying that iPad production will begin in Vietnam as early as the middle of this year, marking the first time that the world's biggest tablet maker will build a significant number of the devices outside of China. The tech giant is also stepping up iPhone production in India, its second-largest production base for the iconic device, sources added, with plans to start producing the latest iPhone 12 series, the company's first 5G smartphones, in the South Asian nation in this quarter. Apple is also increasing production capacity for smart speakers, earphones and computers in Southeast Asia as part of its ongoing diversification strategy, the newspaper added. In Vietnam, Apple is mobilising suppliers to expand production capacity for … [Read more...] about Apple bolsters production shift to Vietnam, India

According to her, Ho Chi Minh City and New Delhi will hold ceremonies to place the statues of leader Mahatma Gandhi and President Ho Chi Minh in respective locality to foster friendship between the two cities and nations. Indian Consul General in Ho Chi Minh City Madan Mohan Sethi, for his part, described Vietnam as a main pillar in India’s Act East Policy and an important partner of India’s Indo-Pacific Vision. The two countries also share similar stances on global issues. To lift two-way trade to 15 billion USD, he said the Consulate General held a number of online workshops on trade and investment in various fields. In the near future, India will connect Vietnamese exporters with Indian importers, as well as Vietnamese localities with India states, boost multifaceted exchange with Vietnam, thereby opening more opportunities to tighten people-to-people friendship, contributing to lifting bilateral ties to a greater height, he said./. … [Read more...] about HCM City wants to foster ties with India

HCM City (VNA) - Intel had poured an additional 475 million USD into Intel Products Vietnam (IPV), its single-largest assembly and test plant within the Intel Assembly and Test (ATM) network, IPV Chief Financial Officer Alan Danner said on January 27. He made the announcement during a meeting with businesses hosted by Saigon Hi-tech Park (SHTP) in Ho Chi Minh City. This is a new investment following a sum of 1.04 billion USD invested to build a chip assembly and test manufacturing facility at SHTP in 2006, bringing the semiconductor company’s investment in Vietnam to 1.5 billion USD in total. The additional capital was channelled into IPV between June 2019 and December 2020 to bolster the production of Intel’s 5G products, Intel Core processors with Intel Hybrid Technology, and the 10th Gen Intel Core. IPV is an important part of Intel’s production chain across the world, Danner said, adding that the firm will further diversify and improve its activities in … [Read more...] about Intel channels additional 475 million USD into Vietnam

Last week a unit of Foxconn known as Hon Hai Precision Industry, a key supplier of Apple, was granted an investment license to develop a $270 million factory to produce laptops and tablets. Located in the northern province of Bac Ninh, the factory will be developed by Fukang Technology with an annual output of 8 million units. … [Read more...] about Apple speeds up output shift of iPhones and iPads in Vietnam

Tran Viet Anh, Vice President of the Ho Chi Minh City Union of Business Associations, said enterprises need help from Vietnamese agencies abroad in obtaining updated information about foreign markets and their import-export regulations, including requirements in terms of food safety, social responsibility and environmental protection, as well as political changes in importing countries. … [Read more...] about Diplomats accompany businesses on the way to global markets