Heineken to shift production from Singapore to Vietnam and Malaysia
Dutch brewer Heineken will shift its brewing production from Singapore to Vietnam and Malaysia as part of its strategy to build a more agile regional supply approach.
Agro-forestry-fisheries sector posts 22.5% rise in nine-month trade surplus
The agro-forestry-fisheries sector posted a trade surplus of 8.04 billion USD in the first nine months of this year, up 22.5% annually, reported the Ministry of Agriculture and Rural Development (MARD).
 |
| Agro-forestry-fisheries sector posts 22.5% rise in nine-month trade surplus |
During the period, the total export-import turnover of agro-forestry-aquatic products hit 68.92 billion USD, down 7.5% year-on-year. Of which, 38.48 billion USD was from exports.
In September alone, the export revenue of agro-forestry-aquatic products reached 4.8 billion USD, down 2.7% monthly and up 22% annually.
Due to a significant decrease in the export value of several key commodities, the total export turnover of the nine-month period fell by 5.1% annually to 38.48 billion USD. Specifically, the fisheries sector generated 6.64 billion USD, down 21.7%; forestry sector 10.44 billion USD, down 20.6%. However, agriculture and livestock sector experienced an increase in export value during this period.
China, the US and Japan remained the top three export markets, with the value of export to China accounting for 22.1%, up 13.8%; that to the US 20.7%, down 22.6% and that to Japan 7.6%, down 7.7%.
The MARD said it will continue developing both domestic and export markets while dealing with market-related issues to create favourable conditions for the export of agro-aquatic products to China, the US, the European Union and the Eurasian Economic Union.
It will also help exporters make full use of free trade agreements (FTAs), particularly the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA), as well as help firms secure new export contracts, protect trademarks and provide geographical indication for Vietnam's potential export products in foreign markets./.
Bài liên quan
Dành cho bạn
Đọc thêm
Lynas secures Vietnam metal processing deal with LS Eco Energy
Australian rare-earths miner Lynas has signed a framework agreement with LS Eco Energy to produce rare earth metals at a new facility in Vietnam.
Vietnam and EU seek to strengthen ties in transport infrastructure and urban development
Vietnam and the EU will enhance cooperation in transport infrastructure and sustainable urban development in the future, a meeting has heard.
Warburg Pincus eyes participation in Vietnam International Finance Centre
Global private equity firm Warburg Pincus is keen on participating in the Vietnam International Finance Centre, according to a conference held on March 23.
Novatek eyes expanded LNG cooperation in Vietnam
As Vietnam races to secure its energy future and meet the demands of its surging economy, a new partnership with a Russian energy giant is taking shape, signalling a deepening of the nations' long-standing ties.
EU to mobilise over $1 billion for major infrastructure projects in Vietnam
The European Union has launched a $46.4 million Sustainable Transport Development Fund to support large-scale infrastructure projects in Vietnam, with plans to mobilise additional financing from banks and private partners.
NIC partners with TU Berlin to boost Vietnam innovation ties
The National Innovation Centre has partnered with a leading technical university in Berlin to strengthen innovation and startup linkages between Vietnam and Germany.
ACB proposes $20 million non-life insurance subsidiary
Southern lender ACB has unveiled a formal proposal to establish a non-life insurance subsidiary as part of a strategic pivot to evolve into a comprehensive financial services provider by 2030.
