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’s foreign trade exceeds US$610 bln
As of October 15, Viet Nam's trade with the rest of the world hit US$610.57 billion, up 16.4 percent (or US$85.82 billion) against the same period last year, reported the General Department of Customs.
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Of the figure, export turnover reached US$315.91 billion, a year-on-year increase of 15.3 percent while import value stood at US$294.66 billion, up 17.5 percent, resulting in a trade surplus of US$21.25 billion.
Key export items included computers, electronics and spare parts (US$11.67 billion, up 26.7 percent), equipment, machines and tools (US$7.34 billion, up 22.4 percent), garments (US$2.61 billion, up 10 percent), phones and accessories (US$2.31 billion, up 5.6 percent), and timber (US$2.2 billion, up 21.6 percent).
Meanwhile, computers, electronics and spare parts were among Viet Nam's key import items in the reviewed period, with US$16.82 billion, up 25.2 percent.
By the end of September this year, nine localities reported export value exceeding US$10 billion each, the customs agency said.
The southern metropolis Ho Chi Minh City took the lead with US$34.25 billion in export value, followed by the northern province of Bac Ninh US$29.53 billion, Binh Duong US$25.44 billion, Bac Giang US$22.46 billion, Hai Phong US$22.21 billion, Thai Nguyen US$21.8 billion and Dong Nai US$17.55 billion, and Ha Noi US$14 billion.
Viet Nam's import-export value is likely to touch the US$800 billion mark by this year-end, far exceeding a record of US$732 billion seen in 2022, according to economists.
The country's GDP rose from US$346 billion in 2020 to US$433 billion in 2023, respectively becoming the 37th and 34th largest economy in the world.
The GDP size is expected to reach US$500 billion in 2025, becoming the 33rd largest economy globally and the 4th in ASEAN, according to Prime Minister Pham Minh Chinh./.
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