Vietnamese businesses to explore opportunities in Malaysia

Many Vietnamese firms are set to participate in the 2018 Selangor International Business Summit (SIBS) in Malaysia to exchange information and seek business opportunities, a meeting heard in Ho Chi Minh City on April 16.
HCM City (VNA) - Many Vietnamese firms are set toparticipate in the 2018 Selangor International Business Summit (SIBS) inMalaysia to exchange information and seek business opportunities, a meetingheard in Ho Chi Minh City on April 16.

To be held from September 6 to 16 at the MalaysiaInternational Trade and Exhibition Centre in Kuala Lumpur, it will featurethree main events – the 2018 Selangor International Expo, the 2018 Selangor-ASEANBusiness Conference, and the 2018 Selangor Smart City and Digital Economy Convention.

Dato’ Hasan Azhari Haji Idris, CEO of Invest Selangor Berhad,the event’s organiser, said amid the current global economic situation it wasimperative for ASEAN members to operate as a united community and support eachother.

As the gateway to ASEAN, Selangor would act as a centre pointthat hosts and connects a rich network of trade industry players globally byleveraging a solid platform like SIBS, he said.

Sofian Akmal Abd. Karim, the Malaysian consul general in HCMCity, said: “Through its rich network, the summit presents opportunities forlocal and foreign multi-national corporations to showcase their products andservices. Subsequently, it also acts as a strategic avenue for marketing,collaborations and partnerships, and provides exposure as well as informationon the latest technological developments.”

Faizal Izany, trade counsellor at the Malaysian consulate,said one of the summit’s main events, the food and beverage-focused 2018Selangor International Expo, would be a good platform for Vietnamese foodproducers to promote their products in Malaysia as well as ASEAN and globalmarkets.

Vietnamese enterprises would also have a chance to learnabout halal food and how to get the certification to penetrate the huge globalhalal market, he said.

Idris said the 2018 SIBS is expected to have a total of 1,000booths and 25,000 visitors, up from 691 and 22,071 last year.

At the meeting, the Vietnam Exporters Association and otherbusiness groups based in HCM City said they would send business delegations tothe summit.

Trade between Vietnam and Malaysia was worth 10.06 billionUSD last year after rising by 19 percent. 

The two countries are striving to lift their trade to 15billion USD by 2020 under their Strategic Partnership framework.

Karim said Selangor was the largest of Malaysia’s 13 statesin terms of GDP, making up about 22.7 percent of the country’s economy in 2016.It was also one of the most developed states and most populated, he added.

Invest Selangor provides information, facilitation servicesand start-up and expansion assistance for businesses planning to invest in thestate.-VNA
VNA

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