Malaysia hopes for higher investment in 2021 hinh anh 1Malaysian International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali (Photo: Reuters)
Kuala Lumpur (VNA) - The Ministry of International Trade and Industry (MITI) of Malaysia expects the country to achieve higher total approved investments in 2021 compared to last year.

Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali said there were some positive signs showing that the economy was in a recovery stage and that the government's stimulus packages prove effective.

By the second quarter of this year, the country has recorded almost 100 billion RM (24 billion USD) of approved investment in manufacturing, services and primary sectors, he said.

This is a quite optimistic signal, he noted, adding that Malaysia will be able to achieve a very impressive investment level, including foreign direct investment (FDI).

Last year, Malaysia managed to record 164 billion RM in total approved investments amid the global COVID-19 pandemic with domestic direct investment (DDI) accounting for 60.9 percent, and FDI making up 39.1 percent.

MITI is considering high value investments in new areas such as high technology, eco-friendly technology, solar industry, electric vehicle and renewable energy, which are hoped to help improve skills of Malaysian workers, Ali said ./. 
VNA