Vietnam wants to become an important link in Apple's supply chain

The Prime Minister wants Apple to turn Vietnam into an increasingly important base and link in the corporation's supply and production chain.

On the afternoon of September 21 (local time), Prime Minister Pham Minh Chinh received a number of leading US and world businesses including Apple Inc., Boeing, Google, Siemens Healthineers.

Mr. Nick Ammann, Vice President in charge of global government relations of Apple Corporation, said that Vietnam is an important market and production area. He appreciated the Vietnamese Government's support for Apple, especially during the Covid-19 period.

According to Mr. Nick Ammann, this group is very interested in clean energy strategy and promoting clean energy access for Apple manufacturers in Vietnam. The Group wants to participate in developing and training Vietnamese human resources, especially software development teams.

Prime Minister Pham Minh Chinh acknowledged the suggestions and welcomed this group to increase the use of clean energy and train human resources for Vietnam in the field of high technology.

“Recommend that Apple continue to research and expand investment cooperation, act as a bridge for American businesses and partners to increase capital investment in Vietnam, and support Vietnamese businesses to improve production capacity to increase production capacity. competitiveness and participation in the global supply chain," the Prime Minister said.

He wants Apple to advise on establishing a research and development (R&D) center at the National Innovation Center (NIC) to increase the ability to research and develop technology products; support and develop the innovation ecosystem, digital transformation, and transfer of new technology.

Apple currently has a capitalization value of 2.860 billion USD, revenue of more than 394 billion USD with about 164.000 employees. In Vietnam, Apple operates mainly through 32 factories of original equipment manufacturing partners, with product export value reaching about 30 billion USD in 2022.

Mr. Karan Bhatia, Vice President in charge of Government Relations and Public Policy of Google, also appreciated the major directions in the Vietnam-US joint statement on establishing a comprehensive Strategic Partnership. He proposed that the two sides cooperate and invest in areas related to cloud computing, supporting Vietnam in online teaching and learning.

The Prime Minister supported Google to expand production investment in Vietnam and said he would assign research and cooperation agencies for this group to deploy in the spirit of harmonious benefits and shared risks. He also asked Google to continue supporting the National Innovation Center and cooperate to ensure information safety and security; digital skills training, promoting digital transformation support programs; Developing human resources to meet Google's production and value chain in Vietnam.

Google is the world's leading multinational technology corporation with revenue of 282,8 billion USD in 2022.

Similarly, Boeing Group leaders highly appreciated the vision and viewpoints of the Vietnamese Government leaders on the importance of the aviation economy.

Meanwhile, the Prime Minister said Boeing has been a reliable partner providing aircraft and aviation services to Vietnamese airlines for many years. He suggested that Boeing expand its production and supply chain in Vietnam, soon build a large-scale aircraft machinery and equipment maintenance center and support airlines in this regard. In addition, he wants the company to increase support for human resource training, technology transfer, and bringing Vietnamese partners deeper into Boeing's supply chain.

The head of the Government also wants Boeing to continue to coordinate closely with Vietnamese partners to complete and deliver aircraft purchase orders signed recently; Support them in choosing suitable aircraft at reasonable costs.

Boeing is a leading manufacturer of commercial jet aircraft, defense, aerospace and security systems. To date, Boeing has more than 140.000 employees operating in 65 countries around the world and in 2020 achieved revenue of more than 94,5 billion USD.

In addition, under the witness of the Prime Minister, the awarding ceremony of investment cooperation agreements between agencies, organizations and businesses of the two countries was carried out in the fields of: industrial park development; seaport construction; support green growth; production and distribution of pharmaceuticals; training human resources in the field of semiconductors (FPT signed with Silvaco to cooperate in developing semiconductor chips).

After having a working dinner with leaders of multinational corporations and leading US financial investment funds, the Prime Minister asked global corporations and investment funds to share experiences, policy advice, and solutions. Priority order in mobilizing financial resources, participating in the process of building, co-investing and developing the financial center in Ho Chi Minh City.

Prime Minister Pham Minh Chinh is on a business trip to the US from September 17-23, visiting three cities: San Francisco, Washington and New York to attend meetings at the United Nations General Assembly, combining bilateral activities.

Source: Vietnam.vn