World

Malaysia looks to 20% MRO market share in Asia-Pacific

The revenue target represents about 20% of the projected growth in the Asia Pacific MRO market, which is forecasted to top 60 billion USD by 2030.

Kuala Lumpur (VNA) - Malaysian Deputy Minister of Investment, Trade and Industry Sim Tze Tzin said on May 13 that maintenance, repair and overhaul (MRO) industry is on track to achieve its billion MR (14 billion USD) revenue target by end-2030.

The revenue target represents about 20% of the projected growth in the Asia Pacific MRO market, which is forecasted to top 60 billion USD by 2030.

Sim said Malaysia's total aerospace sector generated 32.5 billion RM in revenue in 2025 supported by over 250 companies and a workforce of 34,700 skilled Malaysians.

According to him, the aerospace industry has evolved into a major economic growth sector under the National Industrial Master Plan 2030 and the Malaysia Aerospace Industry Blueprint 2030.

The Government is now shifting its focus towards higher-value aerospace activities, including component MRO, engineering competencies and aerospace parts manufacturing as regional competition intensifies, he added./.

VNA
#Malaysia Aerospace Industry Blueprint 2030 #aerospace sector Malaysia
Follow VietnamPlus

Related News

Malaysian Ministry of Domestic Trade and Cost of Living (KPDN) Enforcement Director-General Datuk Azman Adam said 161 individuals had been arrested, while the total value of seizures was estimated at 23.17 million MYR (Photo: Bernama)

Malaysia detects 556 fuel-related violations in two months

KPDN Enforcement Director Azman Adam said on May 10 that authorities had made 161 arrests, with the total value of seized goods estimated at 23.17 million MYR (5.9 million USD). Diesel-related offences accounted for the largest number of cases at 249, followed by petrol-related violations with 119 cases.

See more

Deputy Director of the ASEAN Centre at the Moscow State Institute of International Relations (MGIMO) Dr. Valeria Vershinina (Photo: VNA)

Russian scholar praises Vietnam’s bridge role in Southeast Asia

Russia highly values Vietnam’s contributions to the ASEAN Community and its active role in pushing Russia–ASEAN ties forward, she said, adding that Moscow will consistently back Vietnam’s constructive initiatives to reinforce ASEAN’s unity, cohesion and flexible response to contemporary geopolitical challenges.

Thailand launches low-carbon rice production initiative

Thailand launches low-carbon rice production initiative

The Bio-Circular-Green (BCG) economic model, covering a pilot area of 50,000 rai (about 8,000ha) across eight provinces in central Thailand, aims to tap into the lucrative international green agriculture market and secure a foothold in the global carbon credit ecosystem.

Thailand amends securities law to support digital economy

Thailand amends securities law to support digital economy

Ratchada Thanadirek, spokesperson for the Office of the Prime Minister of Thailand, revealed that the government prioritises updating economic laws to keep pace with technological developments, especially by amending the Securities and Exchange Act to systematically support the issuance and use of electronic securities under a clear, transparent, and verifiable regulatory framework.

Singapore’s public sector offers highest pay premium for AI talent

Singapore’s public sector offers highest pay premium for AI talent

The Singapore edition of PwC’s 2026 Global AI Jobs Barometer report showed that the substantial pay premiums came as AI-related job openings last year captured a larger slice of Singapore’s total labour market. The share of AI-related job postings jumped to 5.3% in 2025, up from 3.3% the previous year.

Thailand establishes the national semiconductor committee.

Thailand establishes national semiconductor committee

Thailand prepared a target strategy to become ASEAN’s semiconductor and advanced electronics industry hub and to make ‘Made-in-Thailand chips’ a reality by 2050, focusing on attracting 2.5 trillion THB (76 billion USD) in investment and developing more than 230,000 highly skilled personnel.

Illustrative image (Photo: VNA)

Thailand tightens AI deepfake control

Under the Computer-Related Crime Act, creating and publishing altered images that cause embarrassment can lead to up to three years in prison and a fine of up to 200,000 THB (5,400 USD).

Vietnamese Ambassador to Egypt Nguyen Nam Duong (second from right) and other participants in the conference held in Cairo on June 14–15 (Photo: VNA)

Egypt steps up implementation of UN Convention Against Cybercrime

Vietnamese Ambassador to Egypt Nguyen Nam Duong stated that as one of the first countries to ratify the convention, Vietnam stands ready to work with Egypt, African partners, the UNODC, and other UN member states to effectively implement the accord, contributing to a safer, more secure, and more resilient cyberspace.

​Thailand probes allegation of large-scale sale of personal data

​Thailand probes allegation of large-scale sale of personal data

Boonthida Somchai, Deputy Minister of Digital Economy and Society, has instructed the Personal Data Protection Committee Office to work with the National Cyber Security Agency (NCSA) to verify the authenticity of the claims and determine whether a data breach has occurred.

Indonesia face mounting economic pressures

Indonesia face mounting economic pressures

Indonesia is facing mounting economic challenges as rising energy prices, a weakening IDR and concerns over government policies weigh on investor confidence, prompting analysts to call for stronger fiscal discipline and more market-friendly reforms to stem capital outflows.

Thailand steps up crackdown on online investment scams

Thailand steps up crackdown on online investment scams

Authorities have also expanded their crackdown on so-called "mule accounts" bank accounts rented, borrowed, or purchased to facilitate illegal transactions as well as cryptocurrency accounts linked to criminal activities, bringing the total number of suspended accounts to more than 58,000.

Malaysia suffers millions of dollars in losses from human-wildlife conflicts

Malaysia suffers millions of dollars in losses from human-wildlife conflicts

Speaking recently at the Johor Elephant Sanctuary, Malaysian Minister of Natural Resources and Environmental Sustainability Arthur Joseph Kurup emphasised that these incidents need to be addressed urgently because they not only damage crops and property but can also lead to injuries and loss of life.

Illustrative image (Photo: VNA)

Thailand considers return to CPTPP, pushes ahead with EU free trade deal

Thailand is considering a return to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as it pushes to lock in a free trade agreement (FTA) with the European Union (EU), amid rising protectionism and mounting challenges facing the global trading system.

Ambassador Do Hung Viet, Permanent Representative of Vietnam to the UN, chairs the seminar (Photo: VNA)

Vietnam pushes women’s greater representation in int’l legal bodies

Ambassador Do Hung Viet called for sustained dialogue, sharper awareness and coordinated, practical measures, from the grassroots to global forums, to ensure women are recognised, can contribute meaningfully and have greater access to leadership roles within international legal processes and bodies.

WB plans over 3 bln USD in financing for Philippines

Indonesia, RoK eye stronger creative economy collaboration

Assessing the prospects for cooperation, Minister Teuku Riefky Harsya said that under the Strategic Partnership between the two countries, there are significant opportunities to promote cooperation in production, talent exchange, digital game development and other technology-related fields that would benefit the creative industries of both Indonesia and the RoK.