Vietnam to make Apple Watch and MacBook for first time ever

Eddie Han, a senior analyst with Isaiah Research, told Nikkei Asia that electronics makers are trying to strike a balance amid Washington-Beijing tensions.

"Geographically, we find major international electronics brands such as Apple and Samsung trying to lower dependence on making products inside China. But on the other hand, these international players have adopted more China-based suppliers such as Luxshare and BYD for Apple, and Huaqin for Samsung to build more of their products," Han said. "Those are moves to balance the geopolitical impacts."

"China's role as the world's most important factory has been challenged since the trade war and then later its energy and zero-COVID policies," Han said. "That really makes Vietnam, which is close to China, an ideal destination for many electronics makers as the nation gradually grows its supply chain ecosystem."