Vietnam and Malaysia recorded two-way trade of nearly 2.27 billion USD in the first quarter of 2017, a year-on-year increase of 39.7 percent, according to the Vietnamese Trade Office in Malaysia.
Hanoi (VNA) – Vietnam and Malaysiarecorded two-way trade of nearly 2.27 billion USD in the first quarter of 2017,a year-on-year increase of 39.7 percent, according to the Vietnamese TradeOffice in Malaysia.
Vietnam exported 978.7 million USD worth ofgoods to Malaysia, up 49.6 percent, and imported 1.29 billion USD from themarket, up 33 percent against the same period last year.
In January-March, Vietnam exported numerous highvalue commodities to Malaysia such as computers, electronic products and spareparts (367.2 million USD), and mobile phones and components (112.6 millionUSD).
Other staples include iron and steel (58.63million USD), machines and equipment (43.07 million USD), glass and glassproducts (41.36 million USD), vehicles and spare parts (35.74 million USD),crude oil (20.03 million USD), rubber (19.94 million USD), and seafood (19.2million USD).
The total investment of Malaysian businesses inVietnam is estimated at more than 12 billion USD, focusing on oil and gas, realestate, trade and tourism.
At a recent reception for Malaysia’s Minister ofTrade and Industry Datuk Seri Mustapa Mohamed on the occasion of his visit toVietnam, President Tran Dai Quang said Vietnam attaches great importance todeveloping relations with Malaysia, particularly in economics, trade andinvestment.
The President lauded the efficiency of Malaysianprojects that benefit the two countries’ businesses and contribute to Vietnam’ssocio-economic development.
Malaysia is the second biggest investor inVietnam in ASEAN, with two-way trade hitting 8 billion USD in 2015.
The President urged the two nations to restartmeetings between the joint committee on bilateral cooperation soon to plan forthe implementation of the Vietnam – Malaysia Action Programme in 2017-2019.
The two countries need to map out measures torealise the bilateral trade target of 15 billion USD by 2020, headded.-VNA
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Illustrative image (Source: VNA) 
