Vietnamese firms in Malaysia successfully navigate through COVID-19 crisis
Vietnamese-run enterprises have managed to keep business going in Malaysia despite COVID-19 restrictions and lockdowns, according to Nguyen Thi Thanh Van, Vice President of the Vietnam Malaysia Business Association (VMBIZ).
Nguyen Hong Son, Charge d'Affaires of the Vietnamese Embassy in Malaysia, speaks at the Vietnam Malaysia Business Association (VMBIZ)'s year-end ceremony. (Photo: VNA)
Kuala Lumpur (VNA) – Vietnamese-run enterpriseshave managed to keep business going in Malaysia despite COVID-19 restrictionsand lockdowns, according to Nguyen Thi Thanh Van, Vice President of the VietnamMalaysia Business Association (VMBIZ).
Throughout 2021, Malaysia has gone through a devastatingtime of COVID-19 when daily caseload sometimes exceeded 24,000, Van toldVietnam News Agency correspondents during a year-end ceremony to review VMBIZ’s performance this year.
Containment measures, including Restriction of MovementOrder and State of Emergency, have adversely affected operation of businesses,especially those in the service industry, she said, adding that Vietnamese firms inMalaysia are no exception.
But the good news is most Vietnamese companies havequickly transformed to new business models and made good use of digitalplatforms to surmount difficulties, she noted.
She further said that VMBIZ has maintained its role as abridge between Vietnamese enterprises and Malaysian partners through virtualmeetings and its local representatives. The association has also enhancedcorporate responsibility through charitable activities, such as donating to andproviding jobs for affected Vietnamese workers.
Nguyen Hong Son, Charge d'Affaires of the Vietnamese Embassyin Malaysia, VMBIZ is a role model in adapting to the “new normal.” Its membershave played a part in lifting bilateral trade between the two countries toexceed 15 billion USD in 2021, he stated.
He suggested VMBIZ will organize more activities to highlightVietnam as a trusted and promising destination for Malaysian investors in2022./.
Certain H-beam steel products imported from Malaysia will be subject to anti-dumping duties in Vietnam, according to a recently-issued decision from the Ministry of Industry and Trade.
Nam Son Co., Ltd and Asia Tea of Vietnam will supply tea to Kong Wooi Fong Tea Merchants Sdn Bhd based in Malaysia under a contract worth up to 2 million USD.
The Vietnam Maritime Corporation (VIMC) announced on November 23 that it will inaugurate a container shipping route linking Vietnam, Malaysia and India on November 25.
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.
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.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Nguyen Hong Son, Charge d'Affaires of the Vietnamese Embassy in Malaysia, speaks at the Vietnam Malaysia Business Association (VMBIZ)'s year-end ceremony. (Photo: VNA)
