Ample room remain for boosting trade cooperation between Vietnam and Malaysia, including the export of Vietnamese tra (pangsius) fish, as both countries strive to capitalise on regional trade agreements such as the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), experts have said.

The official visit to Malaysia from November 21-23 by Party General Secretary To Lam is expected to open up new opportunities for and mark a new milestone in the economic and trade cooperation between Vietnam and Malaysia.

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.

VOV.VN - Vietnam and Malaysia have successfully maintained ties of traditional friendship and co-operation across a variety of fields since they established diplomatic ties on March 30, 1973.

Vietnam and Malaysia, one of its most important trading partners, have set a bilateral trade target of US$18 billion by 2025.

Former Malaysian Ambassador to Vietnam Dato Azmil Zabidi has highlighted the close relationship between the two countries, stressing that trade and tourism cooperation are potential areas that need to be promoted.

The Vietnamese and Malaysian economies are of a similar size and complement each other, Trade Counselor Le Phu Cuong at the Vietnamese Embassy in Malaysia has said.

Malaysia’s ratification of the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP) has opened a great chance for Vietnam and Malaysia to further promote their trade cooperation, especially in export.

There remains great potential for Vietnam and Malaysia to promote economic and trade cooperation, especially in information and communication technology (ICT), infrastructure investment, digital economy and Halal foods.