Malaysian Prime Minister Mahathir Mohamad (standing, second, left) witnesses the signing of the contract on November 25 (Photo: VNA)
 
Kuala Lumpur (VNA) - Malaysian Prime Minister Mahathir Mohamad have commended the cooperation between Malaysian and Vietnamese businesses in general and between Ri-Yaz Hotels and Resorts, and the Alphanam Group in particular.

PM Mahathir made the remarks while witnessing the signing of a contract between Ri-Yaz Hotels and Resorts and the Alphanam Group in Kedah, Malaysia, on November 25.

Under the terms of the contract, Ri-Yaz Hotels and Resorts will manage Altara Suites and Altara Residences, the luxury hotel and apartment brand of the Alphanam Group in Vietnam.

The PM held that the enhancement of cooperative ties between the business communities would contribute greatly to Malaysia-Vietnam relations, especially in economy.

He also voiced his belief that Vietnam would reap breakthrough development in the coming time thanks to the industriousness of its people, among others.

Established in 1995, Alphanam is a multi-sectoral economic group. It has invested in almost 20 hotel projects and cooperated closely with the world’s leading hotel management groups, including Ri-Yaz Hotels and Resorts.

The cooperation between the Alphanam Group and Ri-Yaz Hotels and Resorts is expected to contribute to the development of Vietnam’s tourism sector and Vietnam-Malaysia relations in general.-VNA