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Key Apple supplier Foxconn to increase investment in Vietnam by US$52.6 million

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

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