Dialogue seeks to increase Vietnam’s exports to Malaysia

Vietnam and Malaysia are aiming to achieve 15 billion USD in two-way trade by 2020, a goal the two nations’ leaders set, Vietnamese Ambassador Pham Cao Phong told a dialogue with Malaysian importers.
Dialogue seeks to increase Vietnam’s exports to Malaysia ảnh 1Vietnamese Ambassador Pham Cao Phong (Source: VNA) 
KualaLumpur (VNA) – Vietnam and Malaysia are aiming to achieve 15billion USD in two-way trade by 2020, a goal the two nations’ leaders set,Vietnamese Ambassador Pham Cao Phong told a dialogue with Malaysian importersin Kuala Lumpur on December 8.

Attendingthe event were 20 Malaysian firms which import agro-forestry-fisheries, ironand steel products from Vietnam.

Phong saidthe dialogue aims to acquire feedback to achieve the goal.

Participantsput forward proposals to increase Vietnam’s exports, including conducting moremarketing campaigns at home and abroad and improving the quality of foodpreservation.

Several firmsexpressed interest in building a processing plant and a preservation warehousein Vietnam.

Phonganswered Malaysian importers’ questions and pledged to convey their suggestionsto Vietnamese authorities.

The embassyand Malaysian firms agreed to establish the Malaysia-Vietnam Trade Office inMalaysia, which will group Malaysian firms doing business in Vietnam.

Accordingto the General Statistics Office, two-way trade hit 6.8 billion USD in thefirst ten months of this year, up 3.4 percent annually. Vietnam exported 2.7billion USD worth of goods to Malaysia, down 14 percent, and spent 4.1 billionUSD on imports, an 18.8 percent increase./.

VNA

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