CEO Tim Cook's recent visit increasingly demonstrates the importance of Vietnam in Apple's supply chain.
China
Within the framework of the official visit of Chairman of the National Assembly Vuong Dinh Hue to China, Vietnam Airlines signed a Memorandum of Cooperation with Chinese partners from April 9 to 11, with a total value of nearly $450 million.
On the morning of April 4, Geleximco Group and car brand Omoda & Jaecoo (China) officially signed a joint venture contract in Hanoi. The two sides will build a factory in Vietnam with a capacity of 200,000 vehicles/year, to produce Omoda & Jaecoo-branded models.
Vietnam's steel industry is facing low domestic demand and pressure from imported steel products in the first months of the year.
Experts predict that the wave of cheap electric cars from China will lower the prices of cars produced by European companies.
On March 26, Hoang Thinh Dat JSC and Hainan Drinda New Energy Technology signed a Memorandum of Understanding.