Business

Workshop on Vietnam’s investment opportunities held in Malaysia

A workshop to introduce investment opportunities in Vietnam was held on in Kuala Lumpur on July 26, drawing the participation of more than 100 representatives from firms in Malaysia.
Workshop on Vietnam’s investment opportunities held in Malaysia ảnh 1Vietnamese Trade Counsellor Pham Quoc Anh addresses the workshop (Photo: VNA)
Kuala Lumpur (VNA) – A workshop to introduce investment opportunitiesin Vietnam was held on in Kuala Lumpur on July 26, drawing the participation ofmore than 100 representatives from firms in Malaysia.

Themed “Promising investment spotlight: Why Vietnam now”, the event organisedby the Vietnam – Singapore Indutrial Park joint company (VSIP) and the TradeOffice at the Vietnamese Embassy in Malaysia, focused on Vietnam’s advantagesand potential as well as the country’s business climate improvements and taxincentives.

Opening the event, Vietnamese Trade Counsellor Pham Quoc Anh emphasised Vietnam’sefforts in improving investment climate, thereby drawing numerous foreigninvestors, including those from Malaysia.

Malaysia is the eighth biggest foreign investors in Vietnam. As of June,Malaysia invested over 12 billion USD in 577 projects in Vietnam

Malaysia is also the second largest trade partner of Vietnam in ASEAN afterThailand. In the first six months of this year, bilateral trade reached morethan 5.8 billion USD. up 21 percent the same period last year.

Trade Counsellor Pham Quoc Anh described the figures as a basis for the twocountries to continue promoting the bilateral ties in various areas, includinginvestment.

John Campell from Savills emphasised Vietnam’s advantages such as competitiveland rent prices and maritime transport charges, big population and geographiclocation.

He highlighted that Vietnam signed many free trade agreements including thosewith the European Union and the Republic of Korea and the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP).

At the event, representatives of VISP and KPMG Malaysia also pointed out otherattractive aspects in Vietnam’s investment environment like tax incentives.-VNA 
VNA
#Vietnam-Malaysia #investment opportunities in Vietnam #Trade Office at the Vietnamese Embassy in Malaysia #business climate improvements #tax incentives #foreign investors #trade partner #CPTPP #vietnamplus #Vietnam News Agency Malaysia Vietnam
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