China, which is still the key Apple supplier, may lose its tag as the leading iPhone manufacturer as Apple looks at India and Vietnam to bolster its supply chain, the media reported on Saturday.
With Vietnam set to maintain momentum to realise its dream of becoming an alternate global supply chain leader, the Fourth Industrial Revolution is providing a boost for global industries to look to Vietnam as a major manufacturing hub in the Southeast Asia region.
Vietnam and India have substantial opportunities to cooperate in the automobile industry as Vietnam is accelerating FDI attraction in the sector, an official has said.
The Asian Development Bank (ADB) keeps this year’s growth forecast for Vietnam at 6.5% in 2022 and 6.7% in 2023 as released in the April 2022 Asian Development Outlook (ADO).