This week, Apple made a major move in the Asian market by launching an online store in Vietnam. This is just the latest indication of how important emerging markets are for this tech giant.
Apple has long been successful in China and other parts of Asia, but now it’s looking to capitalize on new opportunities as well. The company believes that these markets offer a “golden opportunity” for growth and expansion.
The launch of Apple’s online store in Vietnam marks its first foray into this country, which could be key to unlocking further potential across Southeast Asia and beyond. With more than 90 million people living there, it presents an exciting prospect for the company as they look to increase its presence throughout the Asia Pacific region.
In addition to setting up shop within Vietnam itself, Apple will also be able to benefit from access to regional trade agreements, such as the ASEAN Free Trade Area (AFTA), which allows the free movement of goods between member countries with reduced tariffs or even no taxes at all on certain products – something that could prove invaluable when trying to break into new territories quickly and efficiently. All-in-all this move demonstrates how committed Apple is towards expanding its reach within emerging Asian markets where there appears plenty of untapped potentials still waiting explore – making them richer yet again!
Read more at CNN
