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.
Seven-month index of industrial production up 11.2%
The index of industrial production (IIP) in July was estimated to increase by 1.6% over the previous month and by 11.2% over the same period last year, according to the General Statistics Office.
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The rise was thanks to a further reopening of the economy in the wake of COVID-19 disruptions.
Output growth accelerated for most components, including manufacturing (12.8% against 9.9% in June); electricity and gas supply (8.7% against 5.5% in June); and waste treatment (9.2% against 6.3% in June).
In contrast, mining output fell 1.5%, reversing from a 5.1% growth in June./.
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