Apple assembler Foxconn considering iPhone factory in Vietnam: state media
HANOI (Reuters) - Apple Inc's biggest iPhone assembler, Foxconn, is considering setting up a factory in Vietnam to mitigate any impact of an ongoing trade war between the United States and China, Vietnamese state media reported.
The report comes after several executives interviewed by Reuters last week singled out Vietnam and neighboring Thailand as preferred destinations should they need to shelter operations from the trade war, braving hurdles such a lack of skilled labor and inadequate infrastructure.
"Foxconn Group and the Hanoi People's Committee are working together to open an iPhone manufacturing facility in Vietnam to negate the impacts of the U.S.-China trade war," the Vietnam Investment Review reported on Monday.
The newspaper cited Vu Tien Loc, head of the Vietnam Chamber of Commerce and Industry, as raising the matter with Prime Minister Nguyen Xuan Phuc at a meeting on Nov. 22.
"We are discussing the possibility of this with Foxconn," Loc told Reuters, without elaborating. Hanoi People's Committee Chairman Nguyen Duc Chung declined to comment.
Taiwan's Foxconn, formally Hon Hai Precision Industry Co Ltd, told Reuters it "follows a strict company policy of not commenting on any matters related to current or potential customers, or any of their products".
In trade talks on Saturday, U.S. President Donald Trump and Chinese President agreed not to introduce any tariffs for 90 days as negotiations continue.
(Reporting by Mai Nguyuen; Additional reporting by Jessica Macy Yu in TAIWAN; Editing by Christopher Cushing)
No Tea For Me18 hours ago
Vietnam, Thailand and Cambodia are the future of electronics manufacturing. They work for less than even Chinese workers.
William18 hours ago
Didn't we just give Foxconn billions of dollars to build a plant here in the US. Why did we do that?
dwayne19 hours ago
Wasn’t Foxconn going to build this plant in Wisconsin?
Tom S18 hours ago
Apple shops for the cheapest place to assemble $1200+ phones. Profit margin is sky high yet Apple can't bring itself to build these overpriced phones in the US.
Banon17 hours ago
All Samsung TV, Samsung phones are made in Vietnam now
Michael Wan19 hours ago
The easiest way of doing it is setup a factory at Vietnam and China boarder. The supply can go from Shenzhen straightly into Vietnam.
Bret18 hours ago
Oh, I get it, they are playing this for more gov't money and tax free like others have done like carrier, if you give treatment to one business,,,the rest,,,what about me
Stinky Davis18 hours ago
Apple probably found out, that the Vietnam looks, work cheaper than the China coolies.With less government oversight.More profit on those I phones.
Cardiovert19 hours ago
Excellent!! I would feel much better about buying a product made in Vietnam than China! Strong work Foxcon!
太好了! !我宁愿买越南制造的产品，也不愿买中国制造的产品!富士康，干得好 !
NightSky19 hours ago
Why not returning the manufacture back to US where it should be?
NN18 hours ago
Vietnam is a lower cost country then China. This shouldn't surprise anyone.
Just Me17 hours ago