The trade and economic relations between Vietnam and Malaysia will see positive changes after the Regional Comprehensive Economic Partnership (RCEP) agreement is signed (Source: internet)Kuala Lumpur (VNA) – The trade andeconomic relations between Vietnam and Malaysia will see positive changes afterthe Regional Comprehensive Economic Partnership (RCEP) agreement is signed,said Professor Hoo Ke Ping, a Malaysian economic and political analyst.
With its participation in the deal, Vietnamand Malaysiawill have more opportunities to further strengthen economic, trade andinvestment cooperation in fields where they hold advantages support each other such asinfrastructure, agriculture and food industry, he said.
He cited that Malaysia boasts experience in developing infrastructure, especially expressways, the field that Vietnam has a large demand. Therefore, the two nations can cooperation in this sphere.
Joining RCEP, both countries could also draw more foreign directinvestment (FDI), he added.
In addition, capital and financial services are also potential cooperationareas, he said, noting that Malaysiaand Cambodia havesuccessfully cooperated in these fields, and this could become a reality betweenVietnam and Malaysia./.
VNA
