PM engages with leading Malaysian companies to foster investment, economic cooperation
The Vietnamese Government is committed to accompanying and creating favourable conditions for foreign investors, including Malaysian enterprises, to operate efficiently and sustainably to bring about prosperity for both sides in the coming time, said PM Pham Minh Chinh.
Prime Minister Pham Minh Chinh (R) and Dato' Chow Chee Wah, Chairman of Gamuda Land, at their meeting in Kuala Lumpur on May 25 (Photo: VNA)
Kuala Lumpur (VNA) – Prime Minister Pham Minh Chinh held working sessions with prominent Malaysian corporations and business associations in Kuala Lumpur on May 25, to promote related investment and collaboration in Vietnam.
The PM, who is on an official visit to Malaysia, received senior executives of Gamuda Land, the property development arm of Malaysia’s engineering and construction giant Gamuda Berhad.
Dato' Chow Chee Wah, Chairman of Gamuda Land, said that the company has invested over 5 billion USD in Vietnam across sectors such as infrastructure, construction, and real estate. He expressed the group’s desire for continued support from the Vietnamese Government to expand its business operations within the country.
PM Chinh commended Gamuda's contributions to the development of urban infrastructure in Vietnam, and welcomed its intention to broaden investment. He encouraged the company to explore new business models and sectors, to develop smart city models, and to share its expertise in smart urban management with Vietnamese state agencies and enterprises.
The leader affirmed that the Vietnamese Government is committed to creating a favourable and lawful investment environment for Malaysian enterprises to operate effectively and sustainably.
Earlier the same day, PM Chinh met with Tony Fernandes, Founder and CEO of Capital A, a multi-sector conglomerate best known for operating the low-cost airline AirAsia.
PM Pham Minh Chinh meets with Tony Fernandes, Founder and CEO of Capital A, in Kuala Lumpur on May 25 (Photo: VNA)
Fernandes expressed interest in strengthening cooperation with Vietnam to enhance the operational capacity of Vietravel Airlines – a subsidiary of the major Vietnamese tour operator Vietravel – and to explore opportunities for collaboration with Vietnamese partners in e-commerce, logistics, and advanced payment technologies.
Acknowledging the group's successful operations and support in Vietnam, the PM suggested Capital A consider increasing direct flights between Vietnam and Malaysia to support business connectivity and boost bilateral tourism.
He also welcomed collaboration to support Vietravel Airlines and urged the group to seek partnerships with Vietnamese entities, explore market opportunities, and share insights on cost-efficient aircraft management and emission reduction, contributing to green growth and sustainable development.
On this occasion, the Vietnamese Government leader received Anthony Tan, Chief Executive Officer and Co-founder of Grab, alongside senior executives of the Southeast Asian technology firm. Grab currently provides ride-hailing, delivery, and digital payment services across 50 provinces and cities in Vietnam.
PM Pham Minh Chinh and Anthony Tan, Chief Executive Officer and Co-founder of Grab, at their meeting in Kuala Lumpur on May 25 (Photo: VNA)
The PM praised Grab’s role in advancing Vietnam’s digital transformation through the provision of AI-driven tools to citizens and businesses.
He encouraged the company to continue expanding its investment, introduce new business models, and pioneer digital transformation practices integrating IT and artificial intelligence. PM Chinh also called on Grab to share best practices in operations and management with Vietnamese regulators and enterprises, towards sustainable cooperation and development.
On the same day's morning, PM Chinh received Datuk Ng Yih Pyng, President of the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM).
PM Pham Minh Chinh receives Datuk Ng Yih Pyng, President of the Associated Chinese Chambers of Commerce and Industry of Malaysia, in Kuala Lumpur on May 25 (Photo: VNA)
Datuk Ng Yih Pyng shared that the ACCCIM, established in 1921, represents over 110,000 direct and indirect members, including companies, individuals, and trade associations across Malaysia’s Chinese business community.
The association hopes to help strengthen Malaysia – Vietnam cooperation, particularly in areas such as digital transformation, investment, innovation, and sustainable development, he said.
PM Chinh highly valued the role of the ACCCIM, calling on it to expand collaboration and encourage its members to invest and do business in Vietnam. He also asked the association to strengthen its role as a bridge between the Malaysian and Vietnamese business communities while promoting bilateral cooperation in priority areas, including innovation, green technology, and sustainable development.
He also suggested the ACCCIM work closely with Vietnamese partners to implement investment and trade promotion as well as technology transfer activities in such fields as digital transformation, smart agriculture, logistics, and renewable energy. The organisation was also asked to further explore investment opportunities in Vietnam, particularly in renewable energy, information technology, and digital technology.
During his meeting with President of the Kuala Lumpur and Selangor Indian Chamber of Commerce and Industry (KLSICCI) Nivas Ragavan, PM Chinh spoke highly of the chamber’s fruitful operations in Malaysia, expressing his hope for stronger investment cooperation, particularly in key Vietnamese localities such as Ho Chi Minh City, Da Nang, and Hanoi.
Providing information on Vietnam’s socio-economic situation, especially its priorities, he suggested the chamber make use of its extensive network to promote the connectivity of Vietnamese and Indian businesses, focusing on innovation, AI, fintech, and green technology.
The leader praised the results and potential of Vietnam – India economic cooperation, urging the KLSICCI to work closely with the Vietnamese Ministry of Finance and other relevant agencies to consider investment opportunities in Vietnam. He also encouraged it to help Vietnamese firms connect with Malaysian businesses and KLSICCI members to carry out joint projects in priority sectors like renewable energy, information technology, and digital technology.
He highlighted Vietnam’s efforts to improve its investment climate and boost administrative reform toward greater transparency and reduced compliance costs, and to develop strategic infrastructure to reduce costs and increase competitiveness for products and businesses.
The Vietnamese Government is committed to accompanying and creating favourable conditions for foreign investors, including Malaysian enterprises, to operate efficiently and sustainably to bring about prosperity for both sides in the coming time, he stated.
Receiving Y.M Tengku Dato' Dr. Hishammuddin Zaizi Bin Y.A.M. Tengku Bendahara Azman Shah Alhaj, a member of the Selangor Royal Family, who regularly sponsors activities of the Malaysia – Vietnam Friendship Association (MVFA), PM Chinh said that the nearly-40,000-strong Vietnamese community in Malaysia have carried out many practical and effective activities, acting as a bridge to foster the Vietnam – Malaysia relationship in an increasingly substantive and fruitful manner.
The Vietnamese Government leader expressed his hope for Azman Shah Alhaj's regular, long-term, and sustainable support for the MVFA's activities. He also encouraged the expansion of people-to-people and business-to-business exchanges between the two countries, thus fostering cooperation and investment links./.
On the afternoon of May 25 in Kuala Lumpur, Malaysian Prime Minister Anwar Ibrahim and his spouse hosted an official welcome ceremony for Vietnamese Prime Minister Pham Minh Chinh and his spouse.
Prime Minister Pham Minh Chinh called on foreign enterprises, including those from Malaysia, to continue cooperating and investing in Vietnam, and pledged to facilitate their operations.
The Party, State, and Government always pay close attention to overseas Vietnamese communities, including those in Malaysia, considering them an inseparable part of the nation.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
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Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
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Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
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During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
