The Vietnam – Malaysia Business Association (VMBIZ) and the Malay Chamber Of Commerce Malaysia (MCCM) signed a memorandum of understanding (MoU) on cooperation at a ceremony in Kuala Lumpur on December 7.
The Federation of Malaysian Manufacturers (FMM) is confident that the Regional Comprehensive Economic Partnership (RCEP) Agreement will considerably contribute to promoting market access for Malaysian companies, enabling new value chains, increasing economic activities, and strengthening supply chain links across the Asia-Pacific region.
Vice Chairman of the Ho Chi Minh City People’s Committee Le Thanh Liem hosted a reception on September 12 for Malaysian Minister of Primary Industries Teresa Kok Suh Sim, who is leading a delegation of Malaysian businesses on a working visit to the southern hub of Vietnam.
Vietnamese enterprises were updated on information related to the market and business community of Malaysia during an event in Kuala Lumpur on August 20.
Malaysian companies will be at a huge disadvantage and lose out to Vietnam in terms of trade investment inflow if the country chooses not to participate in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), said a local official.
Up to 38 percent of Malaysian firms chose Vietnam as their favoured Asian destination for business expansion in the next 3-5 years, according to the 2016 Asian Enterprise Survey.
Business
