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.
Hanoi’s seven-month budget collection up 20.8%
Hanoi’s budget revenue is estimated at 253.2 trillion VND (10.6 billion USD) in the first seven months of this year, equal to 71.7% of the yearly estimate, and up 20.8% year-on-year, according to the municipal People’s Committee.
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| Hanoi’s seven-month budget collection up 20.8% |
In the period, the State-run business sector contributed 49.9 trillion VND to the budget, up 37% year-on-year, the foreign-invested sector 17.1 trillion VND, up 23.1%, and the non-State sector 48.9 trillion VND, up 6.8%. Collection of personal income tax rose by 0.3% to 24.7 trillion VND.
Meanwhile, the capital city’s budget spending in the period was estimated at 45.7 trillion VND, up 26.4% year-on-year and equal to 43.5% of the yearly estimate.
Of the amount, 18.8 trillion VND was spent on development investment, a yearly rise of 53.1%, and 26.9 trillion VND was regular expenditure, up 14.2%.
In Jan-Jul, the total mobilised capital of credit institutions in the city was estimated at 4.98 quadrillion VND, up 0.31% against the previous month and 2.6% compared to that at the end of 2022.
The total credit outstanding balance reached 3.06 quadrillion VND, a month-on-month increase of 0.58% and up 4.18% compared to that in late 2022./.
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