Apple mulls $1-billion data center in first Vietnam investment

Apple VietnamUS technology giant Apple eyes building a $1-billion regional data hub in Vietnam’s capital Hanoi, a report by Dien Dan Doanh Nghiep, the official publication of the Vietnam Chamber of Commerce and Industry, says.

“Apple is studying the sites for the construction and completing the investment procedures,” the paper writes.

This would be Apple’s first investment in Vietnam, following other big tech companies such as Samsung, LG, Panasonic, Hewlett-Packard and Microsoft. Apple’s data center would be used for its entire Asian operations.

Reuters reported in November last year that Apple had set up a subsidiary in the Southeast Asian country to import and sell its mobile phones directly in this market.

“It is unclear when Apple will deploy the Hanoi-based center, but the size of the project has shown the high potential of the Vietnam market to the US tech major,” the report read.

Samsung, as Apple’s biggest competitor in the Vietnam’s mobile phone market, is also investing in two new research and development centers, one being a $300-million facility in Hanoi and another $1.4-billion complex in Ho Chi Minh City.

While Apple plans no manufacturing base in Vietnam, its main production partner, Foxconn, is present there with two component factories.

Vietnam, whose low-wage economy relies on exports, is seen to be one of the biggest winner of the Trans-Pacific Partnership, or TPP, that slashes an estimated 18,000 tariffs among the dozen participating countries, including the U.S., Canada, Mexico, Australia, New Zealand, Singapore, Malaysia and Japan.

In a decade, the country’s gross domestic product would be boosted 11 per cent, or $36 billion, as a result of the TPP membership, analysts say, and exports may soar 28 per cent in the period as companies move factories to the Southeast Asian country.



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US technology giant Apple eyes building a $1-billion regional data hub in Vietnam's capital Hanoi, a report by Dien Dan Doanh Nghiep, the official publication of the Vietnam Chamber of Commerce and Industry, says. “Apple is studying the sites for the construction and completing the investment procedures,” the paper writes. This would be Apple’s first investment in Vietnam, following other big tech companies such as Samsung, LG, Panasonic, Hewlett-Packard and Microsoft. Apple's data center would be used for its entire Asian operations. Reuters reported in November last year that Apple had set up a subsidiary in the Southeast Asian country...

Apple VietnamUS technology giant Apple eyes building a $1-billion regional data hub in Vietnam’s capital Hanoi, a report by Dien Dan Doanh Nghiep, the official publication of the Vietnam Chamber of Commerce and Industry, says.

“Apple is studying the sites for the construction and completing the investment procedures,” the paper writes.

This would be Apple’s first investment in Vietnam, following other big tech companies such as Samsung, LG, Panasonic, Hewlett-Packard and Microsoft. Apple’s data center would be used for its entire Asian operations.

Reuters reported in November last year that Apple had set up a subsidiary in the Southeast Asian country to import and sell its mobile phones directly in this market.

“It is unclear when Apple will deploy the Hanoi-based center, but the size of the project has shown the high potential of the Vietnam market to the US tech major,” the report read.

Samsung, as Apple’s biggest competitor in the Vietnam’s mobile phone market, is also investing in two new research and development centers, one being a $300-million facility in Hanoi and another $1.4-billion complex in Ho Chi Minh City.

While Apple plans no manufacturing base in Vietnam, its main production partner, Foxconn, is present there with two component factories.

Vietnam, whose low-wage economy relies on exports, is seen to be one of the biggest winner of the Trans-Pacific Partnership, or TPP, that slashes an estimated 18,000 tariffs among the dozen participating countries, including the U.S., Canada, Mexico, Australia, New Zealand, Singapore, Malaysia and Japan.

In a decade, the country’s gross domestic product would be boosted 11 per cent, or $36 billion, as a result of the TPP membership, analysts say, and exports may soar 28 per cent in the period as companies move factories to the Southeast Asian country.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

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Personal Info

Donation Total: $10.00

 

 

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