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.
Vietnam - US trade exceeds 80 billion USD
With import-export turnover exceeding 80 billion USD in the first 9 months of 2023, trade between Vietnam and the US continues to prosper. The United States is now the largest export market for Vietnamese goods.
 |
| Vietnam - US trade exceeds 80 billion USD |
According to preliminary statistics from the General Department of Customs, in September, Vietnam’s export turnover to the US reached 8.11 billion USD, thereby increasing export turnover by the end of September to 70.23 billion USD.
Since the beginning of the year, commodity exports to the US have encountered difficulties due to reduction in market demand. Despite a decrease of about 15 billion USD compared to the same period last year, the USD is still Vietnam’s largest export market.
Among the export commodity groups to the US; machinery, equipment, tools, and spare parts enjoyed the largest export turnover with 12.5 billion USD; followed by computers, electronic products and components with 11.82 billion USD; and textile and garment with more than 11 billion USD.
By the end of September, import turnover from the US reached 10.26 billion USD, down about 900 million USD compared to the same period last year.
With the import-export turnover between the two countries totaling nearly 80.5 billion USD in the 9 months, the US continues to be Vietnam’s second largest trading partner.
The Department of European - American Markets under the Ministry of Industry and Trade said that until the end of the year and early 2024, export turnover to the US is forecast to be improved as market demand increases and inventory decreases.
With an average gross domestic product (GDP) growth rate of nearly 7% a year and a population of nearly 100 million people, Vietnam is forecast to be a potential market for US companies operating in all fields./.
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.
