Former Malaysian Ambassador to Vietnam Dato Azmil Zabidi has highlighted the close relationship between the two countries, stressing that trade and tourism cooperation are potential areas that need to be promoted.
Vietnam-Malaysia trade relations have been thriving over the years, especially since the two countries established their strategic partnership in August, 2015.
Malaysia’s ratification of the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP) has opened a great chance for Vietnam and Malaysia to further promote their trade cooperation, especially in export.
Vietnam should focus on Malaysia for exports, especially food and beverages, during the post-pandemic economic recovery, heard a workshop held in Ho Chi Minh City on June 2.
There remains great potential for Vietnam and Malaysia to promote economic and trade cooperation, especially in information and communication technology (ICT), infrastructure investment, digital economy and Halal foods, according to Shan Saeed, chief economist and global investment strategist at Malaysia-based IQI Global.
There is a really great potential for Vietnam and Malaysia to promote economic cooperation in the post-COVID-19 period, especially in trade and investment, according to an official from the Malaysian Ministry of International Trade & Industry (MITI).
Despite difficulties and challenges caused by the COVID-19 pandemic, Vietnam - Malaysia trade has recorded positive signals, potentially achieving a two-way turnover of 18 billion USD in 2025, according to Malaysia External Trade Development Corporation (MATRADE) Director of ASEAN and Oceania Raja Badrulnizam Raja Kamalzaman.
The Malaysia External Trade Development Corporation (MATRADE) is promoting business cooperation between Malaysia and Vietnam to achieve 76 billion RM (18 billion USD) in bilateral trade by 2025, Malaysian news agency Bernama has reported.
Malaysia could become one of the biggest export markets in ASEAN for Vietnam, especially in the post-pandemic period, a city official said at a meeting in HCM City on July 16.
Chances for trade and investment cooperation with Singapore and Malaysia under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) were highlighted at a workshop held in the southern province of Long An on August 30.
Two-way trade value of Vietnam and Malaysia in the January-June period this year expanded 21.15 percent on a yearly basis to more than 5.84 billion USD, according to the Vietnamese trade office in Malaysia.
Many Vietnamese firms are set to participate in the 2018 Selangor International Business Summit (SIBS) in Malaysia to exchange information and seek business opportunities, a meeting heard in Ho Chi Minh City on April 16.
Malaysia recorded 1.62 trillion MYR (about 410 billion USD) in trade turnover in the first 11 months of 2017, much higher than the sum of 1.49 trillion MYR in 2016, said Second International Trade and Industry Minister Ong Ka Chuan on January 18.
Trade and investment ties between Vietnam and Malaysia are expected to enjoy a new driving force created by the recently established Malaysia-Vietnam Chamber of Commerce (MVCC).
Minister of Agriculture and Rural Development Nguyen Xuan Cuong had talks with Malaysia’s Minister of Plantation, Industries and Commodities Datuk Seri Mah Siew Keong in Hanoi on October 4 on how to tap the bilateral cooperation potential in promoting farm produce.
Vietnam and Malaysia should work out specific, practical measures to achieve their trade target of 15 billion USD by 2020, President Tran Dai Quang has said.
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