Participants at the workshop (Photo: VNA) The workshop opened up new cooperation prospects for the two nations, including military businesses. They found distributors and importers in the fields ofindustrial explosives, garments and textiles, leather shoes and raw rubber, while boostingdeep cooperation in the fields of military and construction.
Vietnamese Trade Counsellor Le Phu Cuong briefed participants of theMalaysian market with more than 33 million people and GDP in 2022 reaching337.69 billion USD.
Malaysia is an open economy, he said, adding trade and investment play animportant role in generating jobs and increasing incomes for local people.
Last year, Vietnam exported 5.57 billion USD worth of products to the country,while splashing 9.1 billion USD on Malaysian goods, he added.
Meanwhile, Deputy Director of the Department of Economic Affairs Pham Toan Thang said theMinistry of National Defence is managing 104 businesses which are operating in various fields such as finance-banking, telecommunications, garment and textiles, leather shoes,pharmaceuticals and construction.
Several corporations have reached out to the world such as Viettel MilitaryIndustry and Telecoms Group and Sai Gon Newport Corporation, helping unlockcooperation potential between the two countries, he stressed.
Two Memoranda of Understanding are inked between the two sides. (Photo: VNA) Lee Pang, a member of the international business committee under the National Chamber ofCommerce and Industry Malaysia (NCCIM), expressed her hope that Vietnamand Malaysia will continue to capitalise on their strengths towards prosperousdevelopment.
The NCCIM commits to creating favourable conditions for enterprises and forminga vibrant stable business environment between the two countries, she said.
Meanwhile, chairman of the business council under the Malaysia-Vietnam Friendship Association Hambali Mukhlas noted his expectations on the bilateralcooperation in Halal industry – the field that Malaysia has well-developedinfrastructure while Vietnam holds huge potential in material and humanresources./.
VNA
