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.
Hanoi (VNA) – 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.
Vietnamese businesses will enjoy preferential taxes when exporting their goods to Malaysia from November 29, 2022.
Thanks to Malaysia’s involvement in the trade pact, Vietnam can use raw materials imported from other ASEAN member countries to produce goods for export to three markets where the bloc has not yet signed free trade agreements, namely Canada, Mexico and Peru.
The agreement will also bring more opportunities for Vietnam to use materials from CPTPP members for export to Malaysia and vice versa.
In the first eight months of 2022, Vietnam’s export turnover to Malaysia hit about 3.9 billion USD, up 42.1% higher than the same period last year. Meanwhile, Vietnam spent 6.2 billion USD on imports from Malaysia, up 14.7% year-on-year.
According to Pham Quynh Mai, Deputy Director of the Multilateral Trade Policy Department at the Ministry of Industry and Trade (MoIT), to help businesses fully tap commitments and benefits brought by FTAs, the ministry will closely coordinate with Vietnam's trade offices abroad to support enterprises in export activities, and to avoid risks and disputes that may arise when exporting goods.
The MoIT has also taken a series of measures to provide timely market information to businesses, helping them expand export markets, towards sustainable import-export development./.
Vietnam Airlines' representative office Malaysia, in conjunction with travel companies Asia Companion Travel and Vietnam TravelMar, organised a tourism promotion workshop, themed "Exploring Vietnam with Vietnam Airlines", in Kuala Lumpur on July 19.
The Chemical Industries Council of Malaysia (CICM) on August 2 called on the country’s Government to soon ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to bring about benefits for its chemicals companies.
Malaysian Prime Minister Ismail Sabri Yaakob announced on October 10 that parliament has been dissolved, paving the way for national elections to be held before the end of the year.
Promoting cooperation with Malaysia in the halal food industry is one of the priority cooperation areas between the two countries, Vietnamese Ambassador to Malaysia Tran Viet Thai has said.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
According to Mastercard data, Vietnam has recorded a remarkable 92% compound annual growth rate (CAGR) in contactless transaction volume from Q4 2022 to Q4 2024.
Tuan expressed his confidence that LH, with its expertise and experience, would swiftly implement the urban area project, contributing to a modern urban landscape for the province.
With its strategic location, abundant workforce, and modern infrastructure, Vietnam holds significant potential to become a leading centre for power and electronics production in the region and the world.
The renewable energy workforce training and development centre, invested by Germany's GEO Group, is expected to be a cornerstone in shaping Binh Dinh as a renewable energy and innovation hub in central Vietnam, meeting the growing demand for skilled technical personnel in offshore wind, solar farms, and green hydrogen projects.
A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
To further strengthen private-sector innovation, Bac Ninh plans to accelerate administrative reforms, build a digital, service-oriented government, and develop an integrated innovation ecosystem that connects businesses with domestic and international institutions, universities, and experts.
The participation of H&M, one of the world's largest fashion corporations, in Vietnam International Sourcing 2025 in Ho Chi Minh City in early September is considered a special highlight, opening up many cooperation opportunities for Vietnamese businesses in the fashion, textiles and sustainable supply chains.
This latest order builds on a previous agreement signed at the Singapore Airshow last year for 40 engines, bringing the total number of Trent 7000 engines ordered by the airline to 80.
Minister of Industry and Trade Nguyen Hong Dien acknowledged that despite concerted efforts by ministries and local authorities in combating fake and substandard goods, the situation remains highly complicated, attributing the persistent challenges to high profits luring numerous participants, increasingly sophisticated violations, limited resources within enforcement agencies.
The group also placed among the Top 5 energy companies in Southeast Asia and secured the top spot among the largest Vietnamese enterprises featured on the list.
The zone will cover 1,881 ha, comprising functional areas for production, logistics, trade and services, digital technology industry, information technology, and innovation.
Dung underlined several key objectives, including a comprehensive review of the legal framework governing SOEs, and called for updates that reflect international standards and support modern, transparent governance.
While the US market has become more difficult to access due to new tax policies, Australia could play the role of a trade cushion, helping to reduce shocks and maintain export momentum for Vietnam's shrimp industry.
Processing cashew nuts for export (Photo: VNA) 
