Apple to ramp up investments on suppliers in manufacturing hub Vietnam

Apple Inc wants to boost its investment in Vietnam, state media quoted the U.S. tech giant’s CEO Tim Cook as saying in Hanoi on Tuesday, a day after the U.S. company said it wanted to increase spending on suppliers in the Southeast Asian nation.

Vietnam is already a key manufacturing hub for Apple and Cook was speaking while meeting Vietnamese Prime Minister Pham Minh Chinh, state media reported.

Vietnam will set up a working group to support Apple’s investment, Chinh told Cook during the meeting, according to state media.