According to VNA, on the morning of May 25 in the capital Kuala Lumpur, within the framework of an official visit to Malaysia, Politburo member and Prime Minister Pham Minh Chinh attended the Vietnam - Malaysia Business Meeting Program.
Malaysia is currently Vietnam's 3rd largest trading partner in ASEAN and the 9th largest in the world. Two-way trade turnover will reach 14.2 billion USD in 2024, aiming for the target of 18 billion USD in 2025. Malaysia is also the 10th investor out of 143 countries and territories investing in Vietnam, with a total registered capital of 13 billion USD.
Delegates assessed that Vietnam has a favorable investment environment and an increasingly high position in the region and the world. The two countries have complementary strengths, creating favorable conditions for businesses to access each other's markets, especially in potential areas such as Halal industry, garment, green economy, innovation, science - technology, digital transformation, green energy, infrastructure and maritime economy.
Prime Minister Pham Minh Chinh said that the world is changing rapidly and unpredictably, requiring countries, businesses and people to unite, promote multilateralism, solve problems on the basis of fairness and equality and leave no one behind.
The Prime Minister suggested that businesses actively promote ASEAN connectivity, including Vietnam - Malaysia, and cooperate in areas such as green economy, innovation, science - technology, digital transformation, green energy; renew growth drivers including investment, export, and consumption.
The Prime Minister shared that after 80 years of independence and nearly 40 years of renovation, Vietnam has achieved many important achievements: from a poor country, Vietnam is currently in the group of 34 largest economies in the world; is one of the top attracting FDI; is in the group of 20 leading economies in trade and has signed 17 Free Trade Agreements with more than 60 economies.
Vietnam sets a GDP growth target of at least 8% in 2025 and aims for double-digit growth in the period of 2026-2030. Vietnam is committed to building an independent, self-reliant economy, deep and effective international integration, to soon catch up, move forward together and participate in leading common issues.
Vietnam is promoting 3 strategic breakthroughs in infrastructure, institutions and human resources; streamlining the apparatus; removing institutional, human resources and infrastructure bottlenecks; creating breakthroughs in science - technology, innovation and digital transformation; developing the private economy; expanding relations with international partners.
The Prime Minister called on Malaysian enterprises to continue investing in Vietnam and affirmed the Government's commitment to improving the investment and business environment through many drastic and synchronous solutions, ensuring the legitimate rights of enterprises, mutually developing and benefiting harmoniously.
The Prime Minister also called on FDI enterprises, especially Malaysian enterprises, to continue to be associated with Vietnam, contributing to the prosperous development of the two countries and the Vietnam - Malaysia Comprehensive Strategic Partnership.
