Apple to invest in Vietnam for the first time: media
The world's leading mobile phone manufacturer Apple Inc. plans to invest up to 1 billion USD to build an Asia-focused database center in Vietnam, according to local media.
Customers line up at Apple store in Hong Kong in September 2015. (Photo: AFP)
Hanoi (VNA) – The world's leading mobile phone manufacturer Apple Inc. plans to invest up to 1 billion USD to build an Asia-focused database center iꦗn Vietn🍃am, according to local media.
The new facility is scheduled to operate as a Research & Development (R&D) centre of the firm. This will be the first project Apple has ever initiated in Vietnam.
The project is currently still in the planning stage. Apple is considering locations for the facility, possibly in Hanoi, according to baodautu.vn.
The US technology giant hinted at its increasing interest in the Vietnamese market when it established its wholly-owned subsidiary, Apple Vietnam LLC, in HCM City last October. The firm is headed by Gene Daniel Levoff, Apple Inc.'s vice president of corporate law and corporate governance, who is also in charge of Apple's international operations.
Apple recently announced vacancies for both an iPhone distribution director and iOS retail director in Vietnam, fanning hopes that the US multinational firm will soon open stores in the Southeast Asian country.
Apple products are distributed by its authorised sellers and mobile network operators, such as FPT Shop and MobiFone. About half of the existing Apple products currently in the country are carried into Vietnam via hand luggage.
Last year, Apple Inc. spent more than 8 billion USD for R&D activities worldwide. This amount is equivalent to 3 percent of Apple's 2015 revenue.
Currently, Apple has R&D centers in the US, the UK, China, Taiwan and Israel. Apple is also building a new R & D center in Japan and is expected to open another in India in June.
Before Apple, many major global electronics manufacturers built their R&D centers in Vietnam, including Samsung Electronics, Hewlett-Packard, Panasonic, and Nissan Techno.
At present, Samsung Electronics is Apple's biggest rival in the mobile phone market. Samsung is in the final stages of building an R&D center in Hanoi for 300 million USD. The new centre will replace Samsung's existing R&D centre in the PVI Tower in Hanoi.-VNA
Apple’s latest dual handsets, the iPhone 6s and iPhone 6s Plus officially became available on shelves in selected stores in Ho Chi Minh City on November 6.
Famous app developer Nguyen Ha Dong, creator of the globally popular mobile game Flappy Bird, has become the only Vietnamese to get in the Guiness Book of World Records 2016.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Customers line up at Apple store in Hong Kong in September 2015. (Photo: AFP)
