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.
Several localities achieve record-breaking import-export growth
During the first ten months of 2024, Ho Chi Minh City maintained its leading economic position, contributing the largest share of Vietnam’s total import-export turnover, reaching nearly 88 billion USD, up by 7.3 billion USD year-on-year.
 |
| Illustrative image (Photo: VNA) |
Following behind Bac Ninh province, where the value of imports and exports amounted to 61.66 billion USD, up 1.27 billion USD.
Meanwhile, according to data from the General Department of Vietnam Customs, the turnover of import-export Dong Nai reached 53.27 billion USD, an increase of 2.97 billion USD and Hanoi reached 49.37 billion USD, an increase of 4.96 billion USD.
Notably, Bac Giang reported a significant increase, with a total turnover of 49.12 billion USD, up by 12.54 billion USD.
Other regions including Binh Duong province with 48.79 billion USD (up by 5.63 billion USD), Hai Phong City with 46.28 billion USD (up by 7.01 billion USD), Thai Nguyen province with 37.93 billion USD (up by 2.59 billion USD), Phu Tho province with 24.1 billion USD (up by 9.2 billion USD), and Vinh Phuc province with 22.62 billion USD (up by 4.46 billion USD) also showed strong growth.
The top ten provinces and cities contributed 481 billion USD to the nation’s total turnover for the ten months.
Trade in goods remains a bright spot in Vietnam’s economic landscape for the first 10 months. Cumulative figures reveal that total import-export turnover reached nearly 648 billion USD, a 15.8% increase, equating to an additional 88.57 billion USD year-on-year. Export turnover stood at 335.59 billion USD, a 14.9% increase, while imports reached $312.28 billion, up by 16.8%.
Many key trading markets showed substantial growth compared to last year, including imports from China, which rose by 31.6%, and exports to the US, up by 24.2%.
Vietnam also recorded a strong trade surplus with several countries. The surplus with the US grew by 26.9%, with the EU by 18.6%, and with Japan by 56.9%./.
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.
