Exclusive-Apple supplier Foxconn among firms asked to cut power use in Vietnam, sources say
) supplier Foxconn to voluntarily reduce power use by 30% at its assembly plants in the north of the country where there were electricity outages last year, two people familiar with the matter said.
Vietnam is increasingly welcoming multinational companies, some spreading their risk from traditional manufacturing base China amid rising trade tension with the U.S. Last month, Apple promised further spending in the country where over the past year it has raised its number of suppliers to 35 from 25.
In March, Prime Minister Pham Minh Chinh pledged to foreign investors that power shortages would not happen again. All sources asked to remain anonymous because the matter was not public. Apple did not respond to a request for comment.Foxconn, formally Hon Hai Precision Industry, is the world's largest contract electronics manufacturer. It has half a dozen plants in northern Vietnam including in Bac Giang province where local authorities said it assembles Apple MacBooks and iPads.
The Ministry of Industry and Trade and state-owned power provider Vietnam Electricity , of which BG PC is a unit, did not respond to requests for comment.
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