Vietnam boosts trade promotion in Malaysia
14:11, 2014/06/13
Malaysia currently ranks third among Vietnam’s largest trade partners in Southeast Asia, said Deputy Minister of Industry and Trade Tran Tuan Anh.
Deputy Minister Anh made the comment shortly after returning from a visit to Malaysia he made, along with a group of food sector business representatives, on June 11-12 aiming to bolster bilateral trade ties.
The Vietnamese delegation held working sessions with representatives from a number of Malaysian ministries and businesses.
Both sides exchange views on cooperation opportunities and measures and on how to accelerate the implementation of rice export contracts from Vietnam to Malaysia and expand bilateral cooperation in the time ahead.
They also reached consensus on the initiative to establish a trade council of businesses from Vietnam and Malaysia in the near future.
Deputy Minister Anh said bilateral trade between the two nations has posted strong growth in recent years. Vietnam is Malaysia’s fifth biggest trade partners in the region, with two-way trade turnover increasing to US$9.7 billion in 2013 from US$4.5 billion in 2009. They are expected to raise the figure to US$11 billion in 2015.
“Vietnam regards Malaysia as a strategic Southeast Asian market as it has an import-export structure in line with Vietnamese exports, in particular rice,” Anh noted.
As ASEAN members and TPP negotiators, both Vietnam and Malaysia will be provided with many opportunities in the coming time, particularly when the ASEAN Economic Community is scheduled to be established in 2015.
Both sides exchange views on cooperation opportunities and measures and on how to accelerate the implementation of rice export contracts from Vietnam to Malaysia and expand bilateral cooperation in the time ahead.
They also reached consensus on the initiative to establish a trade council of businesses from Vietnam and Malaysia in the near future.
Deputy Minister Anh said bilateral trade between the two nations has posted strong growth in recent years. Vietnam is Malaysia’s fifth biggest trade partners in the region, with two-way trade turnover increasing to US$9.7 billion in 2013 from US$4.5 billion in 2009. They are expected to raise the figure to US$11 billion in 2015.
“Vietnam regards Malaysia as a strategic Southeast Asian market as it has an import-export structure in line with Vietnamese exports, in particular rice,” Anh noted.
As ASEAN members and TPP negotiators, both Vietnam and Malaysia will be provided with many opportunities in the coming time, particularly when the ASEAN Economic Community is scheduled to be established in 2015.
21:45, 2025/01/15
Hanoi seeks 5% export growth in 2025
The city’s total import-export turnover reached US$60.1 billion in 2024, up 11% year-on-year.
08:41, 2025/01/11
Vietnam-Laos Industrial Park: New direction to strengthen bilateral ties
Numerous Vietnamese projects in various sectors have effectively contributed to Laos' development, creating jobs and improving the livelihoods of tens of thousands of local workers.
22:19, 2025/01/09
Hanoi's foreign trade turnover hits US$60.1bn in 2024
The city will continue to support businesses in exploring new markets, capitalizing on the Free Trade Agreement of which Vietnam is a member.
11:46, 2025/01/09
Vietnam confident of achieving 8% growth rate in 2025
Key drivers of Vietnam’s growth include institutional reforms and decentralized governance.
14:34, 2024/12/26
UK’s accession to CPTPP to benefit Vietnam’s exports in 2025
Vietnam, in particular, will gain further access to a high-quality market, complementing its connections with Japan, Canada, and Australia.
16:41, 2024/12/16
Hanoi seeks greater efficiency in e-commerce tax management
Hanoi's e-commerce tax administration is expected to be significantly tightened in the near future.