Vietnam seeks 5G investment increase from Apple

November 17, 2023 | 16:20

(0) user say

Vietnamese President Vo Van Thuong held strategic meetings with Apple's CEO Tim Cook on November 15 during his visit to the US for the 2023 APEC High-Level Week.

Vietnam seeks 5G investment increase from Apple

At the meeting, Cook praised the robust growth of Vietnam's digital economy, highlighting the country's increasing appeal to major global and US tech firms.

"Vietnam is rapidly emerging as a powerhouse in the digital economy, backed by a highly skilled engineering and technology workforce. This is evident in Apple's expanding production in Vietnam, including products like Macbooks, iPads, and Apple Watches, which employ thousands of local workers," Cook said.

Cook regards Vietnam as a strategic player in Apple's global business plan, but he emphasised the necessity of Vietnam upgrading its technological standards, particularly regarding 5G.

"It is essential for Vietnam to actively refine its legal framework, with a particular focus on ensuring security, safety, and user privacy. Additionally, Vietnam, like many other countries, should carefully consider various factors in the application and development of AI," Cook added.

Meanwhile, President Thuong commended Apple for its growing presence in Vietnam, highlighting the significant opportunities the company has created for the nation's youth, while also calling on Apple to increase its investment further in Vietnam's rapidly developing urban areas.

"We are keen to see Apple's increased involvement in our vibrant regions, leveraging its expertise and innovative capabilities, particularly in the 5G domain, as it is crucial for Vietnam’s technological advancement," said Thuong.

“The upgrade to a Comprehensive Strategic Partnership between Vietnam and the US paves the way for greater investments from companies like Apple, especially in high-tech areas, which are a priority for Vietnam,” he added.

Qualcomm partners with Vietnam in 5G rollout

With Vietnam’s moves to commercialise 5G this year, more opportunities and expectations are coming. Nam Thieu, country director of Qualcomm Vietnam, Laos, and Cambodia, discussed the importance of 5G commercialisation with VIR’s Bich Thuy.

Apple deems Vietnam an important market and production hub

Vietnam is increasingly playing an important role in Apple's supply and manufacturing chain, with its key suppliers ramping up operations in the country.

Techcombank welcomes increased foreign investment

Jens Lottner, CEO of Techcombank, revealed the bank's readiness to entice more foreign investors to support its strategy for long-term partnerships in a Bloomberg TV interview on November 13.

By Nhat Minh

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional