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.
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Of the total, export turnover accounted for US$335.59 billion, up 14.9 percent, while import value stood at US$312.28 billion, up 16.8 percent against the same period last year.
In October alone, Viet Nam's total exports and imports were estimated at US$35.59 billion and US$33.6 billion, witnessing respective year-on-year increases of 4.4 percent and 5.8 percent.
The Southeast Asian country enjoyed a trade surplus of US$1.99 billion in October and US$23.31 billion in the January-October period.
Economic experts predicted that trade value is likely to touch the US$800 billion mark by year-end, far exceeding a record of US$732.5 billion seen in 2022, thanks to high demand from major markets such as the U.S., the EU, Japan and South Korea./.