World

Malaysia remains top destination for European, US investors

It stated that large international companies such as Intel, Amazon Web Services, Oracle, Google, and Plexus continued to commit to investing or increasing their investments in Malaysia, making the country one of the primary destinations for over 600 US companies.

Illustrative image (Source: VNA)
Illustrative image (Source: VNA)

Kuala Lumpur (VNA) - Malaysia remains a top destination for European and US investors even though the country has joined BRICS as a partner country, reported the national news agency Bernama.

The Ministry of Investment, Trade, and Industry (MITI), in a written response published on the parliament’s website, informed that as of December 2024, a total of 56 potential projects with an investment commitment of nearly 20 billion MYR (4.4 billion USD) have been identified and are set to be implemented in the country.

It stated that large international companies such as Intel, Amazon Web Services, Oracle, Google, and Plexus continued to commit to investing or increasing their investments in Malaysia, making the country one of the primary destinations for over 600 US companies.

According to the ministry, Malaysia’s involvement in BRICS also opens up broader market access, especially with countries that do not have free trade agreements with Malaysia, such as Russia, Brazil, South Africa, and India.

In 2024, Malaysia’s trade with the US and European countries hit 325 billion MYR (78 billion USD) and 263 billion MYR (58.9 billion USD), year on year increases of 30% and 4%./.

VNA
#Malaysia investment climate #Malaysia joining BRICS Malaysia
Follow VietnamPlus

Post-pandemic recovery

Related News

Malaysian Deputy Prime Minister and Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof. (Photo: Bernama)

Malaysia vows to promote green investment collaboration during ASEAN chairmanship

In his speech at the 2025 ASEAN Banking and Finance Summit in Kuala Lumpur on February 25, Deputy Prime Minister and Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof said the bloc’s energy transition cannot occur in isolation and that no country can achieve its sustainability goals without strong regional cooperation.

See more

Indonesian Muslims gather at Istiqlah Mosque ahead of the prayer service. (Photo: VNA)

Ramadan begins in Indonesia

Throughout the holy month, Muslims devote time to deep reflection and prayer. They fast from sunrise to sunset, abstaining from food and drink while focusing on good deeds and strengthening their faith.

Thai Prime Minister Paetongtarn Shinawatra (Photo: Xinhua/VNA)

Thai PM pledges to step up economic growth

In her weekly Empowering Thais programme on March 2 morning, Thai Prime Minister Paetongtarn Shinawatra said the Southeast Asian country's gross domestic product (GDP) grew by only 2.5% last year because it had not invested substantially in new industries and had not prepared the people for future industries over the past decade.

Malaysian Digital Minister Gobind Singh Deo speaks during the Public Sector Artificial Intelligence Adaptation Guidelines’ launching ceremony in Kuala Lumpur, on February 27. (Photo: selangorjournal.my)

Malaysia launches AI adaptation guidelines for public sector

The 158-page guidelines provide an overview of AI, ethical principles, roles and responsibilities of stakeholders, risk management, adaptation methods, and self-assessment templates to help identify the scope and impact of AI within the public sector.

Illustrative image (Photo: Internet)

Thai rice faces mounting competition, high costs

President of the Thai Rice Exporters AssociatioCharoen Laothammatas predicted that the figure will reach 7.5 million tonnes this year, a 24.2% drop from last year’s 9.94 million tonmes.

Singapore guardsmen complete an obstacle course during exercise Valiant Mark with U.S. Marine Rotational Force-Southeast Asia in Singapore in December 2024. (Photo: SGT. SHAINA JUPITER/U.S. MARINE CORPS)

Singapore army invests in uncrewed systems to address manpower shortages

The declining number of service members as the “greatest internal challenge” facing the Singapore Armed Forces (SAF). To tackle this, Singapore is increasing automation and assigning conscripts and national reservists, known as “NSmen,” to roles aligned with their civilian expertise to boost efficiency and effectiveness.

Indonesia to use its benchmark coal price for transactions from March 1 (Photo: Theinvestsor)

Indonesia to adjust coal price policy

Vietnam, a key importer of Indonesian coal, imported 2.49 billion USD worth in 2024. Coal remains Vietnam’s largest import from Indonesia, contributing significantly to the 4.34 billion USD in total imports from the country

Cambodian Prime Minister Samdech Thipadei Hun Manet (Photo: VNA)

Vietnam attends Islam-Buddhism Summit in Cambodia

Vietnamese Ambassador to Cambodia Nguyen Minh Vu participated in the Islam-Buddhism Summit in Phnom Penh on February 27. The event focused on sharing experience in fostering peaceful religious coexistence, cooperation, and harmony in the region and the world.