Taiwan has granted approval for a further investment of US$101 million by Pegatron Corp, a major manufacturing partner of Apple which operates in Vietnam.

The Management Board of Industrial Parks of Bac Giang Province has allowed nine enterprises in Van Trung, Dinh Tram and Quang Chau industrial parks in Viet Yen district, Vietnam’s largest epidemic hotspot, to resume operations.

The country needs to well prepare for conditions to compete with its rivals in attracting foreign investment.

Taiwan’s Hon Hai Technology Group (Foxconn), which is Apple’s major contract manufacturer, is recruiting 1,000 electronic assembly workers for its plants in the northern Vietnamese provinces of Bac Giang and Bac Ninh.

As part of the world's largest financial publication, Nikkei Asia has recently published an article which unveils Foxconn’s plans to expand production in the nation with an investment of approximately US$270 million.

Hon Hai Technology Group (Foxconn) has proposed the Government to allow enterprises in industrial zones (IZs) to purchase or lease-purchase social housing units for their workers.

Foxconn’s rush expansion in Vietnam raise nosy that whether Apple will choose the country as the place to build nest.

The expansion of Foxconn's investment in Vietnam may lead to the eventual production of iPhones in the country.

If Vietnam cannot prepare well to receive foreign technology conglomerates, they will come to Vietnam but will bring satellite businesses, ending up offering no jobs for Vietnamese.

Once the television assembly factory of Foxconn in the northern province of Quang Ninh comes into operation, it will generate 3,000 jobs and become a basis for its continued expansion.

VietNamNet Bridge - Foxconn, one of Apple’s most important partners, is planning to set up factory in Vietnam, possibly in the northern province of Bac Giang.

“We now can hope the production of iPhone products will occur in Vietnam in the future, now that Vietnam makes Samsung phones,” said Vu Duc Quyet, director of the Bac Ninh provincial Industry and Trade Department.

 The world’s second largest computer notebook contractor Compal will resume production at its Vietnam factory, after years of closing due to global economic recession.