Vietnam, Malaysia promote bilateral trade cooperation
Minister of Industry and Trade Nguyen Hong Dien and Malaysian Minister of Investment, Trade and Industry Zafrul Abdul Aziz on July 9 reaffirmed the commitment to strengthening and promoting bilateral trade relations between Vietnam and Malaysia during their working session in Hanoi.
The same day, the two ministers co-chaired the 4th meeting of the Vietnam - Malaysia Joint Trade Committee.
At the meeting, Dien affirmed that Malaysia is an important partner of Vietnam, especially in trade and investment, noting that more and more Malaysian businesses are investing effectively in Vietnam.
Dien made many suggestions to promote the bilateral trade between the two countries.
For his part, Zafrul Abdul Aziz affirmed that Malaysia has high expectations for trade and investment cooperation with Vietnam.
At the end of the meeting, the two ministers signed a joint statement of the 4th meeting of the Vietnam - Malaysia Joint Trade Committee.
Earlier, on June 8, the committee’s technical meeting was held in Hanoi. During the meeting, the two sides expressed satisfaction of the development and achievements in the economic, scientific and technical cooperation between the two countries since the third meeting of the committee on April 25, 2015 in Kuala Lumpur.
The two sides reaffirmed their commitment to effectively implementing the agreements reached following the Vietnam visit last July by Malaysian Prime Minister Anwar Ibrahim, with a primary focus on promoting trade, investment and strengthening economic links between the two countries in areas of their mutual interest.
They also agreed to work together to achieve the bilateral trade turnover target of US$18 billion as soon as possible through creating more favourable conditions for products and services of the two countries, including Halal products, to penetrate each other's markets.
