Foxconn, which makes key components for Apple products, has announced it intends to increase its investment in Vietnam’s Bac Ninh province. This will bring the firm’s total investment to US$382.6 million.
Manufacturing in Vietnam, particularly in electronics, has been growing rapidly. Though notably there was a slight downturn last year, things have picked up again in 2024. Exports of computers, electrical products and parts thereof had reached US$5.5 billion by the end of May representing an increase of 31.6 percent over the same period a year earlier.
See also: Made in Vietnam: Brands and Goods 2024: Electronics