BizLIVE - Apple Inc. is interested in building a data center worth $1 billion in Vietnam’s central province of Da Nang.
Apple plans to open an R&D center in Vietnam. Photo: Softpedia
Apple plans to open an R&D center in Vietnam. Photo: Softpedia

U.S. tech giant Apple Inc. has shown keenness to build a database center costing $1 billion in a hi-tech park in the Vietnamese central province of Da Nang, one of the five largest cities in the Southeast Asian country, local media quoted the city’s portal as saying.

The information was unveiled at a meeting of the local government on foreign direct investment (FDI) on August 4. However, the detail was removed from the portal on Friday morning.

In March this year, local media reported that Apple had plans to invest up to $1 billion to build an Asia-focused database center in Vietnam, set to operate as a Research & Development (R&D) facility, to enhance its competitiveness over major global electronics manufacturers present in the country.

Given the fast-growing tech savvy users in Vietnam, Apple established its wholly-owned subsidiary, Apple Vietnam LLC, in Ho Chi Minh City last October.

The firm is headed by Gene Daniel Levoff, Apple Inc.’s vice president of corporate law and director. He is also in charge of Apple’s international operations.

According to a headhunting firm, Apple recently announced vacancies for iPhone distribution director and iOS retail director in Vietnam, fanning hopes that the U.S. multinational firm will open stores in the Southeast Asian country.

Da Nang authorities tipped that Singapore’s Sembcorp was interested to invest in the city’s Software Park No. 2. Work on the facility is expected to start in early 2017.

Da Nang attracted a combined $14.32 million worth of FDI in the first half of this year, including $9.22 million in fresh capital.

It raked in $663 million from exporting goods in the six-month period, up 10.5% year-on-year, while spending $623 million on imports, rising 11.3%.

Tuan Minh