The Ministry of International Trade and Industry (MITI) of Malaysia expects the country to achieve higher total approved investments in 2021 compared to last year.
Malaysian International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali (Photo: Reuters)
KualaLumpur (VNA) - The Ministry of International Tradeand Industry (MITI) of Malaysia expects the country to achieve higher totalapproved investments in 2021 compared to last year.
Senior Minister and International Trade andIndustry Minister Datuk Seri Mohamed Azmin Ali said there were some positivesigns showing that the economy was in a recovery stage and that thegovernment's stimulus packages prove effective.
By the second quarter of this year, the country has recorded almost 100 billionRM (24 billion USD) of approved investment in manufacturing, services andprimary sectors, he said.
This is a quite optimistic signal, he noted, adding that Malaysia will be ableto achieve a very impressive investment level, including foreign directinvestment (FDI).
Last year, Malaysia managed to record 164 billion RM in total approved investments amid theglobal COVID-19 pandemic with domestic direct investment (DDI) accounting for60.9 percent, and FDI making up 39.1 percent.
MITI is considering high value investments in new areas such as hightechnology, eco-friendly technology, solar industry, electric vehicle andrenewable energy, which are hoped to help improve skills of Malaysian workers, Ali said ./.
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Malaysian International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali (Photo: Reuters) 
