VOV.VN - Apple is set to move production of 65% of wireless earbuds AirPods to Vietnam by 2025, slowly reducing its reliance on China, according to JP Morgan analysts.

VOV.VN - Vietnam’s import-export value rose 14.37% in the first quarter of this year compared to the same period last year, fetching US$176.35 billion, reported the Ministry of Industry and Trade (MoIT).

Vietnam has officially become the 99th member of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI).

Vietnam is assessed to have plenty of room to compete for foreign direct investment (FDI) against major competitors in the current global production shift, said Nguyen Bich Lam, former Director General of the General Statistics Office.

Vietnam should promote investment to revive its economy and strengthen its ability to respond to new risks despite its success in dealing with a crisis caused by the COVID-19 pandemic.

Despite the ongoing trade tensions between major economies, and the pandemic, supply chain shifts of Japanese investors are still taking place, mostly in the form of specifically targeted production expansions, with Vietnam being one of the prioritised destinations.