Tansri Matshah Safuan, President of Malaysia’s Safuan Group (Photo: VNA)
HCM City (VNA) – The first VietnamMarket in Malaysia with 200 pavilions is scheduled to open in March 2020.
The information was revealed at a ceremony toannounce the project in Ho Chi Minh City on November 9.
Tansri Matshah Safuan, President of Malaysia’sSafuan Group, said the Vietnam Market in Kuala Lumpur will be the firstlarge-scale trade centre as part of the cooperation between the two countries.
It is established based on the demand forVietnamese goods and services in Malaysia, he said.
The market will serve as a bridge to boost theexport of Vietnamese goods to Singapore, Thailand and other markets in theAssociation of Southeast Asian Nations (ASEAN), he added.
The Vietnam Market will consist of a six-storey shoppingcentre in Safuan Plaza building in downtown Kuala Lumpur, next to majorshopping centres, commercial streets and famous tourist destinations.
It is expected to gather businesses exporting agriculturalproducts, seafood, handicrafts, garments, mechanical equipment, machines,cosmetics, proprietary technologies, and service industries of Vietnam, as wellas an ideal place for Vietnamese firms to expand operation in Malaysia.
Nguyen Tuan, Deputy Director for theInvestment & Trade Promotion Centre of HCM City (ITPC), said Malaysia isthe sixth largest trading partner of Vietnam, after China, the Republic ofKorea, the US, Japan and Thailand, and the second biggest trading partner of Vietnamin ASEAN.
Vice versa, Vietnam is now the 12th largesttrading partner of Malaysia and the fourth biggest in ASEAN. Vietnam is alsoone of the major suppliers of rice for Malaysia, according to Tuan.
In 2018, Vietnam exported 8.47 billion USD worthof goods to Malaysia while importing 4.77 billion USD from the market. Thefigures in the first half of 2019 were 3.52 billion USD and 1.95 billion USD,respectively./.
The official visit to Vietnam by Malaysian Prime Minister Mahathir Mohamad on August 27-28 is expected to generate practical outcomes, solidify trust between the countries’ leaders and strengthen the two peoples’ friendship.
Prime Minister Nguyen Xuan Phuc and his Malaysian counterpart Mahathir Mohamad agreed to further deepen the Vietnam-Malaysia strategic partnership during their talks in Hanoi on August 27.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
Tansri Matshah Safuan, President of Malaysia’s Safuan Group (Photo: VNA) 
