Vietnam and Malaysia still have large room to step up trade cooperation in such fields as food, beverages, and personal care products, heard the Malaysia-Vietnam Trade Promotion Programme held by the Malaysia Trade Office in Vietnam (Matrade) in Ho Chi Minh City on November 23.
HCM City (VNA) – Vietnam and Malaysia still have large room to stepup trade cooperation in such fields as food, beverages, and personal careproducts, heard the Malaysia-Vietnam Trade Promotion Programme held by theMalaysia Trade Office in Vietnam (Matrade) in Ho Chi Minh City on November 23.
Speaking at the event, Malaysian Consul General in HCM City WongChia Chiann said that amidst the COVID-19 pandemic, promoting trade and connecting with partners through digital platforms and online tradeexchange programmes are effective solutions for the two sides to shorten theirdistance and maintain regular cooperation.
According to her, Malaysian exporters pay attention to the Vietnamese economy thanks to its GDP growth of 2.91 percent in2021, economic reforms during the pandemic, and the 100 million-strongpopulation.
As Vietnam has basically overcome the fourth wave of COVID-19outbreaks and is in its economic recovery process, it is a good chance forMalaysian businesses to cooperate with Vietnamese partners to speed up bothcountries’ economic recovery, she said.
Raphy MD Radzi, Trade Commissioner of Matrade in HCM Citysaid the trade promotion programme aimed to link Malaysian exporters withVietnamese enterprises in the form of strategic business cooperation, in order topromote bilateral trade between the two countries.
It is also part of Matrade's initiatives to support the commitment of bothgovernments to raise two-way trade to 18 billion USD by 2025, he added.
During the programme which lasts until the end of November25, 17 Malaysian businesses are expected to introduce smart solution platformsand automated machines, personal care products, and instant meals andbeverages.
Around 150 online business meetings with 50 Vietnamese companieswill also be organised within the framework of the event.
As of October 2021, Malaysia had run 664 projects worthover 13 billion USD, ranking eighth among foreign investors in Vietnam. In thefirst ten months of 2021, two-way trade hit 10.16 billion USD, up 23.2 percentyear-on-year, of which Vietnam's exports were valued at 3.51 billion USD, an increase of 24.9 percent./.
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Illustrative image (Photo: VNA) 
