Conference held to boost Vietnam-Malaysia economic links
A Vietnam-Malaysia business roundtable conference was held in Hanoi on December 8, aiming to open up opportunities for the business communities of the two countries to meet and network.
Hanoi (VNA) – A Vietnam-Malaysia business roundtable conference was held in Hanoion December 8, aiming to open up opportunities for the business communities ofthe two countries to meet and network.
Vietnam’s DeputyMinister of Industry and Trade Do Thang Hai told the event that despitepotential and advantages for long-term cooperation, trade exchange between thetwo countries has not met potential.
The DeputyMinister affirmed Vietnam can ensure stable supply agricultural products likerice, tea, coffee, seafood, and pepper for Malaysia on a long-term basis.
Hai alsorecommended many solutions to boost economic-trade ties between the twocountries. First of all, the two governments should review trade rules andremove barriers relating to administrative procedures, customs, standards andquarantine.
The two sides needto boost the sharing of experience and technology transfer in the fields ofenergy, oil and gas, mechanical manufacturing and agri-fishery productprocessing.
He suggestedcooperating to develop value chains in oil and gas, agriculture, seafood,footwear, garment and textile, and support industry.
MalaysianAmbassador to Vietnam Zamruni Khalid said the embassy will assist enterprises ofboth countries in establishing partnership.
Zafrul TengkuAbdul Aziz, President of the Kuala Lumpur Business Club, expressed his wish thatVietnamese enterprises will visit Malaysia to seek investment opportunities.
According to theMoIT, Vietnam-Malaysia two-way trade value in 2016 is expected to reach 8.1billion USD, up 4.3 percent against 2015, of which Vietnam’s exports are estimatedat 3.2 billion USD.
𒐪 In terms ofinvestment, Malaysia tops the list of seven ASEAN countries investing inVietnam in 2015 with 29 new projects. Malaysian enterprises mainly invest inoil and gas, automobile, production industry, health care, and financialservices and real estate and goods distribution.-VNA
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Illustrative image (Source: VNA)
