There have been many recent successes in cooperation between Malaysia and Vietnam, particularly in the property sector in Hanoi.

The comment was made at a meeting today (June 26) between the Chairman of the Hanoi People's Committee, Tran Sy Thanh, and the Malaysian Ambassador to Vietnam, Dato' Tan Yang Thai.

At the meeting, Ambassador Dato' Tan Yang Thai touched on Malaysia's target of reaching a total registered investment capital of US$18 billion in Vietnam by 2025, while highlighting several successful projects by Malaysian investors in Hanoi.

Chairman of Hanoi People's Committee Tran Sy Thanh (R) and Malaysian Ambassador to Vietnam Dato' Tan Yang Thai at today's meeting. Photo: The Hanoi Times

He then shared with the Hanoi leaders Malaysia's strengths in the real estate and financial sectors, stressing that these two areas have room for further cooperation. On this basis, the Malaysian diplomat hoped that Malaysia's cooperation and investment in Hanoi would continue at a positive pace, with valuable support from the local government.

 "Vietnam, in general, and Hanoi, in particular, have a lot of potentials that Malaysian banks are very interested in and have investment plans," he added.

He also welcomed the increasing number of flights between Malaysia and Hanoi and looked forward to more promotional activities to boost the flow of tourists, which is expected to reach 600,000 visitors by 2024, up from about 500,000 last year.

The ambassador also revealed that a delegation from the Chief Minister of the state of Penang will visit Hanoi in early October 2024.

For his part, Hanoi Mayor Tran Sy Thanh reiterated the city's facilitation of Malaysian companies' investment.

The Hanoi mayor also confirmed the city government's willingness to support the upcoming visit by Penang leaders.

On the occasion, Thanh invited the Malaysian ambassador and the embassy in Hanoi to participate in activities marking the 70th anniversary of the city's liberation, which is scheduled for October of this year.