The
investment will boost the company's existing production in Thai
Nguyen province of printed circuit boards and other phone
components, and will raise the company's total investment $2.27
billion, the government said in a statement.
Vietnam, a manufacturing powerhouse, has become an increasingly
crucial part of the global technology supply chain. It has drawn
interest and investment from companies seeking to diversify
their production and reduce their exposure to China, and because
of its relative success in containing the spread of the
coronavirus.
Vietnam has recorded 2.57 million COVID-19 cases and around
39,000 deaths. More than 76% of its population of 98 million has
received at least two vaccine doses, according to official data.
(Reporting by Phuong Nguyen; Editing by Kanupriya Kapoor)
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