A business forum between Vietnam and Malaysia was held in Kuala Lumpur on June 7, drawing nearly 100 businesses from both countries.

The forum, co-organised by the Vietnam Chamber of Commerce and Industry and its Malaysian counterpart, is an opportunity for the two sides’ enterprises to better understand each other, expand cooperation as well as seek partners and business opportunities.

Addressing the event, Vice President Nguyen Thi Doan, who is in Malaysia for the 23rd Global Summit of Women, highlighted the fine cooperative relations between Vietnam and Malaysia, and their businesses in particular.

According to the Vice President, the two countries have signed a series of cooperative documents, including an agreement on investment encouragement and protection, an agreement on economic, scientific and technological cooperation and a trade agreement, among others.

Malaysia is Vietnam’s third biggest trade partner in ASEAN, with two-way trade reaching 8 billion USD in 2012.

Malaysian investors have poured more than 11.3 billion USD into over 400 projects in Vietnam, becoming the 7th largest foreign investor in the country.

Vice President Doan spoke highly of Malaysian investment, affirming that Vietnam will create favourable conditions for Malaysian companies to do business in the country, contributing to further strengthening the friendship and comprehensive cooperation between the two nations.-VNA