World

US companies pledge 100 bln USD investment in Malaysia

US companies have made investment pledges totaling 100 billion USD in various sectors in Malaysia over the last 18 months, US Ambassador to Malaysia Brian McFeeters said on August 21.
VNA
US companies pledge 100 bln USD investment in Malaysia ảnh 1US Ambassador to Malaysia Brian McFeeters said US companies have made investment pledges totalling 100 billion USD (465 billion RM) in various sectors in Malaysia over the last 18 months. (Photo: malaymail.com)

Kuala Lumpur (VNA) – US companies havemade investment pledges totaling 100 billion USD in varioussectors in Malaysia over the last 18 months, US Ambassador to Malaysia BrianMcFeeters said on August 21.

According to the ambassador, these are significantinvestments in areas where the US wants to strengthen its presence, namelyelectronics and semiconductor sectors, as well as data centre segment which isa big growth area. US investments are really coming strong into Malaysiabecause during the COVID-19  pandemic,the US found that Malaysia is a key part of the world’s supply chain.

Hesaid a lot of US factories are depending directly on something made inMalaysia, so the two countries have a mutually beneficial economic relationship that has beendeveloped to this day.

Theambassador added that most US companies that have invested in Malaysia havealso gained the benefits from latest technologies coming into the country. Meanwhile, Malaysia has been playing a very constructive role in terms ofeconomic integration within the ASEAN region.

Healso highlighted that Malaysia has agreed to host the Indo-Pacific EconomicFramework (IPEF) negotiation round which will be held in October this year todiscuss ways of creating a clean economy with renewable energy (RE).

Thenegotiation round, he said, will be looking into 21st century issues in areasof how to create a clean economy using more RE and improving the supply chainto avoid another breakdown in the future.

He said that thenegotiation round in October is particularly important because by November thisyear, the US is hosting the Asia-Pacific Economic Cooperation (APEC) Leaders’Meeting where the US will announce the results of the discussions.

Hopefully, Prime MinisterAnwar Ibrahim will be there because Malaysia is playing a very big part inhosting the negotiation, the ambassador added./.

VNA
source
#US #Malaysia #investment #Vietnam #Vietnamplus #Vietnam News Agency Malaysia
Follow VietnamPlus

Related News

Malaysia: US considers hosting APEC Summit

Malaysia: US considers hosting APEC Summit

The US is considering hosting an APEC summit in January 2020 after Chile dropped plans to stage the event, Malaysian Foreign Minister Saifuddin Abdullah said on November 7.

See more

Julie Le Saos, Advisor for Asia, Oceania and the Americas to the French President (Photo: Pacific Newsroom)

France seeks to promote strategic cooperation with Vietnam: official

According to the Élysée Palace, a key objective of the visit to France by Party General Secretary and President To Lam is to drive the implementation of the Comprehensive Strategic Partnership, established in 2024, thereby helping reinforce the strategic autonomy of both nations and supporting Vietnam’s ambitious development goals.

A cargo port in Semarang, Central Java province, Indonesia. (Photo: Getty Images/VNA)

Malaysia, Indonesia seek to lift two-way trade

Malaysian Minister of Investment, Trade and Industry Datuk Seri Johari Abdul Ghani said improved trade facilitation could substantially increase transaction volume, with the Border Trade Agreement playing an important role in facilitating economic activities.

Vietnamese Ambassador to India Trinh Minh Manh (fifth from right) and Vietnamese Consul General in Mumbai Le Quang Bien (sixth from right) at the flight route inauguration ceremony (Photo courtesy of the Vietnamese Embassy in India)

Indian airline launches direct Mumbai–Hanoi route

The new route operates four flights a week and is the first direct Mumbai–Hanoi service operated by an Indian airline. Hanoi has become Akasa Air’s seventh international destination and its second destination in Southeast Asia, after Phuket, Thailand.

A post on the official Facebook page of the Pathet Lao newspaper. (Photo: Screenshot)

Lao newspaper hails Vietnam’s National Day as glorious historic milestone

Pathet Lao described the past 81 years as a journey marked by hardships and challenges, but also immense pride. From the prolonged struggle for national independence and reunification to national construction and development in peacetime, Vietnam has steadily strengthened its potential, capacity, position, and prestige in the international arena.

The article by Pedro Gellert (Photo: Screenshot)

Mexican newspaper spotlights Vietnam’s transformation after four decades

Pedro Gellert wrote in a September 1 article for Regeneración, the political news outlet of Mexico’s ruling National Regeneration Movement, that Vietnam’s socialist-oriented development drive stands out for its progress. The piece, timed to Vietnam’s National Day (September 2), highlights 40 years of Doi moi (Renewal) process.

Gildas Tréguier, Secretary-General of the France-Vietnam Health Federation (Photo published by VNA)

French doctor’s 40-year view of Vietnam’s economic rise

Gildas Tréguier's involvement with Vietnam began in 1988 and became central to his career. Over four decades, he has engaged in successive phases of the “Born and Raised in Vietnam” programme, run by APPEL, GHBS, and partners, including Lorient city and Brittany region. He has also worked with the FSFV, established in 2015, for more than a decade.

Cao Thanh Dinh, founder and CEO of ANPz Co. (Photo: VNA)

Resolution harnesses OV resources through substantive projects

The Politburo’s Resolution 23-NQ/TW has introduced a range of new viewpoints, goals and measures aimed at building a united, deeply integrated and sustainably developing overseas Vietnamese (OV) community, while effectively harnessing its resources for national development and global engagement.

Indonesia, US kick off Super Garuda Shield 2026

Indonesia, US kick off Super Garuda Shield 2026

According to a release by the US Embassy & Consulates in Indonesia, the two-week combined and joint military exercise running until September 11 will take place in multiple locations, including Bandung, Baturaja, Lampung, and North Kalimantan.

Cambodia cracks down on over 700 large-scale online scam centres

Cambodia cracks down on over 700 large-scale online scam centres

From July 2025 to August 20, 2026, specialised authorities in Cambodia inspected 793 suspected locations and raided 624 facilities. They also dealt with 27 casinos, permanently revoking the licences of 18 and suspending the operations of the remaining nine.

Cambodia, Uzbekistan strengthen cooperation in cross-border payments

Cambodia, Uzbekistan strengthen cooperation in cross-border payments

The agreement aims to strengthen cooperation between the two central banks through the exchange of knowledge and experience in four key areas including the development of digital payment and settlement systems, monetary policy and monitoring of macroeconomic conditions, improvement of the financial environment and financial knowledge, and management of economic and monetary museums.

Delegates pose for a group photo at the workshop (Photo: VNA)

Vietnam voices concerns over future of traditional media at ASEAN workshop

In his speech, Long outlined challenges related to policy, human resources, technological gaps and platforms, economic factors, and new issues arising from AI. He also introduced the VNA's solutions to address the challenges of digital transformation and shared VietnamPlus' experience in adapting to the digital environment.