Vietnam to bolster trade tie with Malaysia

  • Vietnam, Malaysia seek to increase bilateral trade to 15 billion USD by 2020

(VOVworld) – Prime Minister Nguyen Xuan Phuc said Vietnam treasures its relationship with Malaysia, particularly in economics, trade, and investment. At a reception for Malaysian Minister for International Trade and Industry Datuk Seri Mustapa Mohamad in Hanoi on Friday, Mr. Phuc urged the two countries to promptly complete and implement the Vietnam-Malaysia Action Programme for 2017-2019. He pledged favourable conditions for investors, including Malaysian investors, and suggested both sides work together more closely in tourism, energy, infrastructure, finance-banking, real estate, and manufacturing and processing industry. Earlier, at a working session between Vietnam’s Minister of Industry and Trade Tran Tuan Anh…... [read more]

  • PM urges measures to bolster Malaysia trade ties

HÀ NỘI - Prime Minister Nguyễn Xuân Phúc said yesterday Việt Nam and Malaysia should identify measures to further boost bilateral trade. Receiving visiting Minister for International Trade and Industry, Datuk Seri Mustapa Mohamad, in Hà Nội, the PM expressed his hope that the two countries would soon complete and implement the Việt Nam-Malaysia Action Programme for 2017-2019. He appreciated Malaysia's co-operation projects in Việt Nam, saying they not only benefit enterprises of both sides but also contribute to Việt Nam's socio-economic development. The PM assured the visitor that the Vietnamese government would continue with administrative reforms in order to…... [read more]

  • PM urges measures to bolster trade with Malaysia

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc said he wants Vietnam and Malaysia to seek measures to boost bilateral trade during his reception for Malaysian Minister for International Trade and Industry Datuk Seri Mustapa Mohamad in Hanoi on December 9. The PM hoped the two countries soon complete and implement the Vietnam-Malaysia Action Programme for 2017-2019 to implement specific cooperation in economy, trade, and investment. He appreciated Malaysia’s cooperation projects in Vietnam, which he said not only benefit enterprises of both sides but also contribute to Vietnam’s socio-economic development. The PM affirmed the Vietnamese government will reform administrative procedures…... [read more]

  • BUSINESS IN BRIEF 2/6

Retail, manufacturing sectors slow HCM City economy The slowdown in retail and manufacturing sectors has reduced the speed of HCM City’s economic engine despite significant gains in services, trade, industry and agriculture. At a regular meeting on the city’s social-cultural-economic, and defence-security situation on May 30, the statistic figures showed mixed signals on the city’s economic development. In the first five months, the city’s consumer price index increased only 0.86 percent, propped up mainly by hikes in transport, electricity, water and building materials to compensate for businesses’ and peoples’ spending on tourism, clothing and entertainment. Industry is another sector showing…... [read more]

  • Vietnam attends 25th World Economic Forum on ASEAN

At the event (Source: VNA) Kuala Lumpur (VNA) – Vietnam will continue integrating into the world, strengthening solidarity and making responsible contributions to building the ASEAN Community, Deputy Prime Minister Trinh Dinh Dung announced to the 25th World Economic Forum (WEF) on ASEAN that opened in Kuala Lumpur, Malaysia on June 1. Amid opportunities and challenges faced by ASEAN, Dung said sustainable and inclusive development is a crucial goal in Vietnam’s development strategies and plans. In the foreseeable future, Vietnam will continue with comprehensive reform, economic restructuring and shift to an economically, socially and environmentally sustainable growth models, he said,…... [read more]

  • Malaysian businesses to benefit from TPP

Malaysian enterprises stand to benefit greatly from the market enlargement if the country signs the Trans-Pacific Partnership (TPP) agreement, said International Trade and Industry Minister Mustapa Mohamad. Speaking at a briefing on the TPP Alor Setar, Kedah on October 25, the minister said a bigger combined market will help local companies explore new markets abroad. He went on to say that Malaysian firms will enjoy preferential treatments in terms of import and export duties from TPP trading partners if it joins the trade deal, which will also make the country an attractive trade and investment destination. In 2014, the total…... [read more]

  • ASEAN, East Asian countries to upgrade free trade agreements

The free trade agreements (FTAs) between the Association of Southeast Asian Nations (ASEAN) and East Asian countries will get an upgrade by the end of this year in order to boost services and investment between the two sides, said Malaysian Minister of Trade Mustapa Mohamad. According to Minister Mustapa Mohamad, ministers of trade from ten ASEAN countries on August 23 had separated dialogues and a meeting with three East Asian countries, namely China, Japan and the Republic of Korea (RoK), to discuss about the upgrading of the FTAs to make them more comprehensive. Senior officials at the event. Photo: Vietnam+…... [read more]

  • Malaysia opens up auto industry

The Malaysian government has pledged to open up the automotive industry by offering more licences, tax incentives and soft loans to car and component makers with the aim of turning Malaysia into a regional hub for the production of energy-efficient vehicles. "We hope this New Automotive Policy (NAP) 2014 can enable us to become the energy-efficient vehicle hub in ASEAN in the future," Malaysian International Trade and Industry Minister Mustapa Mohamad was quoted by Kyodo News Agency as saying. Among the measures announced, Malaysia will grant manufacturing licences for green cars with no limitation on engine capacity. At present, there…... [read more]

  • Party founding anniversary marked in Malaysia

The Hanoitimes - On February 1, a meeting was held at the Vietnamese Embassy in Malaysia to celebrate the 85th founding anniversary of the Communist Party of Vietnam (CPV) and devise orientations for party building work of the embassy’s party cell in 2015. The meeting attracted the participation of nearly 100 delegates. Ambassador and Party Secretary Pham Cao Phong emphasized that the CPV is of the people, by the people and for the people. He praised the party's great role in leading the Vietnamese people in wresting back national independence and freedom in the past as well as implementing the…... [read more]

  • Vietnamese vessel attacked in Malaysia

The Hanoitimes - Two Vietnamese fishermen were shot when Filipino pirates attempted to seize their vessel near Kudat town in Sabah, East Malaysia, on the Northern Tip of Borneo. The remaining crew members were unharmed but "very shook up" by the traumatic ordeal. Police report the seamen on the ship were attempting to flee their attackers when the shots were fired seriously wounding the two who were rushed to nearby Queen Elizabeth Hospital. Doctors report they are now in stable condition. At present, patrols vessels, the Royal Malaysian Navy and law enforcement agencies are actively searching for the gunmen, according…... [read more]