Vietnam, Malaysia seek to expand trade ties

19:39 | 29/07/2019 Import-Export Follow english.haiquanonline.com.vn on

Vietnam and Malaysia have signed an agreement on five-year action programme, aiming to lift bilateral trade turnover to 15 billion USD in 2020.

vietnam malaysia seek to expand trade ties

Vietnamese Ambassador to Malaysia Le Quy Quynh speaks at the conference (Source: VNA)

The agreement was inked at a conference in Kuala Lumpur on July 29 to connect Vietnamese and Malaysian enterprises and those from other countries.

Jointly held by the Vietnamese Embassy in Malaysia and the Vietnam Businesses’ Association in Malaysia, the event attracted representatives from over 200 firms of Vietnam, Malaysia and Cambodia and Thailand.

The two sides are drafting another five-year action prorgramme for 2020-2025 to raise two-way trade to 25 billion USD by 2025.

The agreement on the programme is scheduled to be signed during Malaysian Prime Minister Mahathir Mohamad’s official visit to Vietnam in August this year.

On the occasion, Vietnamese Ambassador to Malaysia Le Quy Quynh hailed the Vietnamese business community in Malaysia for its contributions to Vietnam-Malaysia relations.

Source: VOV

Tags:

Related News

Customs Dept seizes smuggled frozen suckling pig meat worth over RM1 milion

07:38 | 17/05/2024 World Customs

VCN - The Perak Royal Malaysian Customs Department seized 23,121 kilogrammes (kg) of frozen suckling pig meat estimated to be worth RM1,040,472 in a raid in Port Klang on May 9.

Vietnam is ready to welcome a new wave of investment in the semiconductor industry

16:08 | 15/05/2024 Headlines

VCN - Deputy Minister of Planning and Investment Tran Duy Dong (Photo) gave an interview to Customs Magazine about Vietnam's preparations to attract FDI into the semiconductor industry.

Opportunities for Vietnam to participate in the global semiconductor industry value chain

11:34 | 15/05/2024 Import-Export

VCN - The global chip race is heating up, and Vietnam has a unique opportunity to assert itself as one of the participants in the semiconductor industry value chain.

Maintain fiscal policy to "open the way" for the economy in 2024

13:31 | 13/05/2024 Headlines

VCN - According to Dr. Can Van Luc, member of the National Financial and Monetary Policy Advisory Council (as picture), to maintain high and sustainable growth momentum in the next 1-2 years, the Government still needs to continue to prioritize fiscal policy tools with the support of monetary policy to promote domestic aggregate demand. In particular, to further accelerate economic recovery, it is necessary to apply support policies similar to the Covid-19 epidemic and "stimulate" consumption and private investment.

Latest News

Agricultural, forestry and fishery product exports continue to "scoring points"

19:04 | 19/05/2024 Import-Export

VCN - In the first four months of 2024, the country's total export turnover of agricultural, forestry and fishery products is estimated to reach more than US$19 billion, an increase of 23.7 percent compared to the same period last year. Most key agricultural and forestry export products increased higher than the same period last year as well as the export value to all markets increased.

Build and protect the rice value chain against market fluctuations

19:03 | 19/05/2024 Import-Export

VCN - Due to recent risks and challenges,business performancehave been badly hurt andmany chain links have been under threats ..., the rice industry needs to enhance the role of ministries, branches, localities, and farmers and businesses in building and protecting the rice value chain against market fluctuations.

VN's Steel industry ranks 12th in world crude steel production

18:59 | 19/05/2024 Import-Export

This accomplishment not only highlights the industry’s rapid growth in production output but also signifies its increasing independence and diversification of product types.

Chu Lai Port installs specialised crane system

18:58 | 19/05/2024 Import-Export

Chu Lai International Port belonging to Trường Hải International Logistics Limited Liability Company (THILOGI) has installed a new specialised crane system that costs more than VNĐ400 billion (US$15.7 million).

More News

The processing and manufacturing industry increased by 6.3% in 4 months

08:48 | 19/05/2024 Import-Export

VCN - Continue the recovery momentum from the end of 2023, industrial production in April and the first 4 months of 2024 continues to show a positive trend. Of which, the processing and manufacturing industry increased by 6.3%.

Corporate profits enter recovery cycle

08:46 | 19/05/2024 Import-Export

VCN - The recently released Q1 2024 business results update by SSI Securities Corporation shows that corporate profits may have overcome the most challenging period and entered a phase of recovery and more stable growth.

Focusing on the "readiness" factor waiting for foreign investors in the high-tech field

20:14 | 18/05/2024 Import-Export

VCN - According to a representative of the Ministry of Planning and Investment (MPI), investment by foreign corporations and businesses depends on many factors, but it is necessary to focus on factors related to Vietnam's readiness.

Exploiting the potential of Dong Nai's largest seaport

20:12 | 18/05/2024 Import-Export

VCN - Phuoc An Port - the largest seaport in Dong Nai is expected to come into operation in July 2024, which will contribute to a significant increase in the amount of goods arriving at Dong Nai seaport. In order to meet the needs of import and export and create favorable conditions for businesses, customs management units in the area also need to change their model.

Hanoi calls for investments in six urban areas projects

20:11 | 18/05/2024 Import-Export

Hanoi is calling for investment in six urban areas projects in Dong Anh district worth a total of 34 trillion VND (1.3 billion USD).

The food industry aims to green packaging

09:56 | 18/05/2024 Import-Export

VCN - Greening food packaging is not only a trend but also a strategic transformation of businesses to meet environmental requirements. Therefore, businesses need to focus on using environmentally friendly packaging materials that are easy to recycle while ensuring product quality.

"The key" to growth motivation for enterprises

09:55 | 18/05/2024 Import-Export

VCN - Unlocking growth motivations is an urgent requirement from the Government to help enterprises and the economy quickly recover. But unlocking the driving motivations must be accompanied by drastic reforms in institutions and the business environment to create conditions and increase confidence for enterprises to step forward.

Exports of four localities achieve tens of billions of USD

20:26 | 17/05/2024 Import-Export

VCN - By the end of April, there are four localities and cities reaching an export turnover of US$10 billion or more, according to the statistics of General Department of Vietnam Customs.

Rapid greening of the logistics sector to avoid being "eliminated"

20:24 | 17/05/2024 Import-Export

VCN - In the current context, if criteria for greening the logistics sector are not quickly and immediately implemented, businesses will face significant difficulties in the future and gradually be "eliminated" from domestic and global business, trade, and import-export activities.