|
Malaysia firms seek investment opportunities
A delegation of 30 Malaysian firms will visit Viet Nam next month to explore trade and investment opportunities, according to Le Van Loi, Director of the Viet Nam Chamber of Commerce and Industry's Institute of Information Technology for Business.
During their trip, the firms would participate in a business conference where they could meet with Vietnamese counterparts in such sectors as information and technology and science and agriculture to build up specific co-operation relations, Loi said.
Viet Nam had always been considered an important trade partner for Malaysia and there were good prospects for co-operation between the two countries, said Minister of Industry and Trade Vu Huy Hoang on the sidelines of the two-day meeting of ASEAN economic ministers, held in Malaysia late last month.
Malaysian-invested projects in Viet Nam have been very successful. Malaysia currently has about US$4-5 billion invested in two thermal power plants in Hai Duong Province and the Cuu Long (Mekong) Delta.
Two-way trade has increased significantly in the past 10 years, from a modest $600,000 in 1999 to $4.6 billion in 2008, and approximately $3.4 billion in the last 10 months of 2009 despite the global economic crisis.
Several methods have been drawn up by the two sides to better facilitate exchanges, including speeding up trade and investment promotion activities and fostering co-operation between the two countries' trade promotion agencies: the Malaysia External Trade Development Corp (Matrade) and the Viet Nam Trade Promotion Agency (Vietrade).
Encouraging businesses to participate in trade fairs and exhibitions in both countries and enhancing co-operation in sectors of oil and gas, apparel, chemicals, mining, forestry, hydroelectricity and clean energy are also included.
Matrade said in a recent press release issued in Kuala Lumpur that Viet Nam was a potential market for Malaysian trade and business activities. It highlighted Vietnamese business opportunities in education, textiles, fast-food outlets, eye wear and restaurants.
vietnamnews
|
