Grapevine

Meta says to produce virtual reality headsets in Vietnam

Facebook parent Meta will produce its next-generation virtual and augmented reality headsets in Vietnam, creating more than 1,000 jobs, the company said Tuesday.

The announcement comes as Vietnam looks to boost its attractiveness as a destination for investment by the world's biggest companies and a key part of the global supply chain.

Speaking at a tech conference in Hanoi, Meta's global affairs president Nick Clegg said the firm would focus on the production of the Quest 3S headset in the Southeast Asian country.

"We will, with our local partners, be manufacturing them here in Vietnam, and we estimate that this will create well over 1,000 new jobs," he said.

Communist Vietnam—long a low-cost destination to make clothes, shoes and furniture—is eyeing a rapid climb up the global supply chain and last week the government said Elon Musk's SpaceX plans to invest $1.5 billion in the country.