- Apr 12, 2001
Vietnam's national business registry website confirms that Apple Vietnam Limited Liability was established in Ho Chi Minh City on October 28 with a registered capital of 15 billion dong, or roughly $672,000 in U.S. dollars.
Vietnam was one of Apple's fastest growing markets after iPhone sales tripled in the first half of its 2015 fiscal year, which is a growth rate five times faster than India, despite having a significantly smaller population, according to the report.The Ho Chi Minh City-based firm will conduct wholesale businesses of various products including its signature smartphones, provide information technology and maintenance services as well as advising services, the announcement said.
Apple also operates a subsidiary in Ireland for corporate tax-related purposes.
Article Link: Apple Opens Subsidiary in Vietnam Amid Strong iPhone Sales