Vietnam, Malaysia promote bilateral trade ties


Minister of Industry and Trade Nguyen Hong Dien and Malaysian Minister of Investment, Trade and Industry Tengku Zafrul Abdul Aziz co-chair the 4th meeting of the Vietnam-Malaysia Joint Trade Committee. — VNA/VNS

HANOI: Minister of Industry and Trade, Nguyen Hong Dien, and Malaysian Minister of Investment, Trade and Industry, Tengku Zafrul Tengku Abdul Aziz, on Tuesday (July 9) reaffirmed the commitment to strengthening and promoting bilateral trade relations between Vietnam and Malaysia during their working session in Hanoi.

The same day, the two ministers co-chaired the fourth meeting of the Vietnam-Malaysia Joint Trade Committee, Vietnam News Agency (VNA) reported.

At the meeting, Dien affirmed that Malaysia is an important partner of Vietnam, especially in trade and investment, noting that more and more Malaysian businesses are investing effectively in Vietnam.

Dien made many suggestions to promote the bilateral trade between the two countries.

For his part, Tengku Zafrul affirmed that Malaysia has high expectations for trade and investment cooperation with Vietnam.

At the end of the meeting, the two ministers signed a joint statement of the fourth meeting of the Vietnam-Malaysia Joint Trade Committee.

On June 8, the committee’s technical meeting was held in Hanoi. During the meeting, the two sides expressed satisfaction with the development and achievements in the economic, scientific and technical cooperation between the two countries since the third meeting of the committee on April 25, 2015, in Kuala Lumpur.

The two sides reaffirmed their commitment to effective implementation of the agreements reached after the official visit to Vietnam of Malaysian Prime Minister Anwar Ibrahim from July 20 to 21, 2023, especially on promoting trade, investment and strengthening economic links between the two countries in areas of their mutual interest.

The two sides also agreed to work together to achieve the bilateral trade turnover target of US$18 billion as soon as possible through creating more favourable conditions for products and services of the two countries, including halal products, to penetrate the consumer markets in Vietnam and Malaysia. - Bernama-VNA

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Vietnam , Malaysia , trade , investment , bilateral

   

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