Jun. 16 at 5:19 PM
The U.S. continues to push Vietnam in tariff talks to reduce the use of Chinese technolgy in devices that are assembled in the country before being exported to the U.S. Vietnam is home to large manufacturing operations of tech firms such as
$APPL &
$SSNLF , which often rely on components made in China.
$META &
$GOOG also have contractors in Vietnam that produce goods such as virtual reality headsets & smartphones. Last year, China exported around
$44B of tech such as electronics components, computers & phones to Vietnam, about 30% of its total exports to the country. Vietnam shipped
$33B of tech goods to the U.S. or +28% of the U.S.-bound exports. Both flows are on the rise this year, according to Vietnam's customs data.