Vietnam tops Southeast Asia in number of Apple suppliers
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U.S. company Apple had Southeast Asia’s highest number of suppliers in Vietnam last year and fourth highest globally.
There were 35 suppliers as of the 2023 financial year (which ended on Sep. 30), according to the Supplier List announced by Apple recently.
In Southeast Asia, Thailand (24 suppliers), Malaysia (19) and the Philippines (17) followed Vietnam.
Globally Vietnam was behind China (158), Taiwan (49) and Japan (44).
In 2016-23 Vietnam saw the strongest increase in the number of suppliers with the entry of Foxconn, Luxshare and others.
There are factories in Vietnam that produce parts for Apple’s AirPods, iPad and Apple Watch.
Analysts expect Vietnam to account for 65% of Apple’s Airpods, 20% of iPad and Apple Watch and 5% of Macbook by 2025.
Apple CEO Tim Cook last week visited Vietnam and met Prime Minister Pham Minh Chinh.
The company said it would buy more parts produced by suppliers in Vietnam and promised to support the country’s innovation efforts.
China remains at the top of Apple’s supply chain, accounting for 42% of its production.
Questions & Answers
Q.Which specific Apple products are currently manufactured in Vietnam?
Which specific Apple products are currently manufactured in Vietnam?
Factories in Vietnam produce parts for Apple’s AirPods, iPad, and Apple Watch. This information highlights the current scope of Apple's manufacturing activities within the country.
Q.How does Vietnam's supplier count compare globally among all countries?
How does Vietnam's supplier count compare globally among all countries?
Globally, Vietnam has the fourth-highest number of Apple suppliers. It is ranked behind China with 158, Taiwan with 49, and Japan with 44 suppliers.
Q.What future production percentages are analysts forecasting for Apple products made in Vietnam?
What future production percentages are analysts forecasting for Apple products made in Vietnam?
Analysts anticipate that by 2025, Vietnam could account for 65% of Apple’s AirPods, 20% of its iPad and Apple Watch production, and 5% of its Macbook manufacturing.
Q.When did Vietnam see the most significant increase in its number of Apple suppliers?
When did Vietnam see the most significant increase in its number of Apple suppliers?
Vietnam experienced its strongest increase in the number of Apple suppliers between 2016 and 2023. This period saw the entry of major companies like Foxconn and Luxshare.