VN, Malaysia seek to expand trade ties

VGP - Malaysia and Viet Nam signed an agreement on five-year action program in Kuala Lumpur on July 29 to connect Vietnamese and Malaysian enterprises and those from other countries.

July 30, 2019 3:07 PM GMT+7

Vietnamese Ambassador to Malaysia Le Quy Quynh speaks at the conference

Jointly held by the Vietnamese Embassy in Malaysia and the Viet Nam Businesses’ Association in Malaysia, the event attracted representatives from over 200 firms of Viet Nam, Malaysia and Cambodia and Thailand.

The agreement, designed for 2015-2020, aims to lift bilateral trade turnover to US$ 15 billion in 2020.

The two sides are also drafting another five-year action prorgram for 2020-2025 to raise two-way trade to US$25 billion by 2025.

The 2020-2025 agreement on the program is scheduled to be signed during Malaysian Prime Minister Mahathir Mohamad’s official visit to Viet Nam in August this year.

By Vien Nhu