At the signing ceremony (Photo: VNA)Kuala Lumpur (VNA) – The Vietnam Malaysia Business Association (VMBIZ) and the Malaysia-Vietnam Commerce Chamber (MVCC) signed a memorandumof understanding in Kuala Lumpur on November 14, which is expected to create anew impulse for business partnership and economic-trade ties between the twocountries.
Addressing the signing event, Vietnamese Ambassador to Malaysia Le QuyQuynh said, VMBIZ and MVCC, though established in 2017, have actively providedinformation and supported activities of the two countries’ businesses.
Vietnam and Malaysia traded nearly 9 billion USD in the past nine months, anexpansion of 17 percent from the same period last year. Malaysia is the seventhbiggest investor in Vietnam, having involved in 500 projects capitalized at 12billion USD, Quynh said.
Potential for bilateral cooperation remains vastly untapped, thediplomat said, expressing his hope that the MoU will serve as a new drivingforce for bilateral trade-investment cooperation.
Under the document, VMBIZ and MVCC committed to supporting the health of the twobusiness communities, trade promotion activities, and information sharing, and creatinga platform for businesses to seize opportunities and enhance theirconnectivity.
MVCC President Howard Choo said Vietnam is one of the most dynamic economies inASEAN and the country’s official ratification of the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP) would enable thetwo countries to make new strides in their economic-trade ties.
MVCC will work together with VMBIZ to realize ambitious goals in bilateral tradeand investment cooperation set by the two countries’ leaders, he said.
Ngo Sy Tuyen, VMBIZ President, said the signing of the MoU with MVCC will allowbusinesses to accelerate their partnership and activities and explore theirstrength for the enhanced friendship and cooperation between Vietnam andMalaysia.-VNA
Addressing the signing event, Vietnamese Ambassador to Malaysia Le QuyQuynh said, VMBIZ and MVCC, though established in 2017, have actively providedinformation and supported activities of the two countries’ businesses.
Vietnam and Malaysia traded nearly 9 billion USD in the past nine months, anexpansion of 17 percent from the same period last year. Malaysia is the seventhbiggest investor in Vietnam, having involved in 500 projects capitalized at 12billion USD, Quynh said.
Potential for bilateral cooperation remains vastly untapped, thediplomat said, expressing his hope that the MoU will serve as a new drivingforce for bilateral trade-investment cooperation.
Under the document, VMBIZ and MVCC committed to supporting the health of the twobusiness communities, trade promotion activities, and information sharing, and creatinga platform for businesses to seize opportunities and enhance theirconnectivity.
MVCC President Howard Choo said Vietnam is one of the most dynamic economies inASEAN and the country’s official ratification of the Comprehensive andProgressive Agreement for Trans-Pacific Partnership (CPTPP) would enable thetwo countries to make new strides in their economic-trade ties.
MVCC will work together with VMBIZ to realize ambitious goals in bilateral tradeand investment cooperation set by the two countries’ leaders, he said.
Ngo Sy Tuyen, VMBIZ President, said the signing of the MoU with MVCC will allowbusinesses to accelerate their partnership and activities and explore theirstrength for the enhanced friendship and cooperation between Vietnam andMalaysia.-VNA
VNA
