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.
Viet Nam-Philippines trade may reach over US$8 billion in 2024
The two-way trade between Viet Nam and the Philippines is expected to reach over US$8 billion, a year-on-year increase of 3.9-6.4 percent, according to the Viet Nam Trade Office in the Philippines.
 |
| Illustration photo |
In the first six months of 2024, Viet Nam’s total export turnover to the Philippines increased by 17.6 percent year-on-year to US$2.93 billion.
Commodities with export turnover of over US$100 million each included machines and spare parts with US$175.2 million, clinker and cement US$171.1 million, coffee US$133.8 million, mobiles and spare parts US$132.6 million.
Meanwhile, Viet Nam's import value reached US$1.28 billion, up 19.5 percent year-on-year, mainly computers, electronic products and components with US$779.2 million, equipment, tools and spare parts US$132.3 million, and metals of all kinds US$103 million.
The Philippines is currently Viet Nam’s 16th largest trading partner in the world and the sixth largest in ASEAN. The Philippines is also Viet Nam's largest rice importer.
Bilateral trade grew from US$2.5 billion in 2010 to US$5.3 billion in 2020. Even during the COVID-19 pandemic trade turnover continued to increase, reaching US$6.7 billion in 2021 and US$7.8 billion in 2022. In 2023, the figure remained the same as in 2022./.
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.
