Vietnam-Malaysia trade turnover hits over $4 billion

Two-way trade turnover between Vietnam and Malaysia has hit US$4 billion this year making the target of US$7 billion within reach in the next few years, said a Malaysia diplomat.

Malaysian Consul General to Ho Chi Minh City Shazryll Zahiran made the comment at a meeting to mark the 54 th National Day of Malaysia held in Ho Chi Minh City on Tuesday.

A the event, Shazryll Zahiran and the Chairman of Ho Chi Minh City chapter of the Vietnam-Malaysia Friendship Association Le Thanh Tam expressed their joy at the development of relations between the two countries, which have been expanded in many fields, including politics, diplomacy, trade, investment, education and training, tourism, and defence and security.

Tam informed that Vietnam attracts more Malaysia investors in construction, electricity, water, oil and gas, mechanical engineering and banking. One of the typical examples in investment cooperation is Malaysian Petronas, which will celebrate 20 years of arrival in Vietnam this year.

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