Malaysian PM’s visit targets to consolidate friendly ties

Update: 15:02 | 26/08/2019
The upcoming official visit to Vietnam by Malaysian PM Mahathir Mohamad and his spouse takes place in the context of favorable progress in the bilateral relationship.
TIN LIÊN QUAN
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malaysian pms visit targets to consolidate friendly ties
Vietnam - Malaysia relations. (Photo: VGP)

PM Mahathir Mohamad and his spouse will pay an official visit to Vietnam from August 27-28 at the invitation of PM Nguyen Xuan Phuc. This will be the first overseas tour of PM Mahathir Mohamad since he took office in May, 2018.

The two countries maintained exchanges of delegations. Cooperation in economics, trade, security, national defense, labor, and tourism was promoted. The two countries effectively cooperated at regional and international forums especially ASEAN and the UN.

Vietnam and Malaysia established diplomatic ties on March 30, 1973. Over the past 45 years, the cooperative relations and friendly ties have been unceasingly consolidated and developed in all aspects.

In trade field, the two countries were one of ten largest trade partners of each other. Especially, Malaysia was the eighth biggest trade partner of Vietnam. Meanwhile, Vietnam was the tenth largest trade partner of Malaysia. Two-way trade turnover hit US$ 11.5 billion in 2018, representing a year-on-year increase of 13.2%. Vietnam chiefly exported crude oil, rice, coffee, seafood, plastics.

As of April, 2019, Malaysia had 586 FDI projects in Vietnam with a total registered capital of US$ 12.4 billion, ranking eight out of 130 countries and territories doing business in Vietnam.

In tourism area, about 1,000 Vietnamese students are studying in Malaysia.

Last year, over 540,000 Malaysian s visited Vietnam, representing a year-on-year growth of 12.4%, making Malaysia the seventh largest tourism market of Vietnam.

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Maxfield Brown, a representative of Dezan Shira & Associates, has said it is time for foreign investors to pour capital into infrastructure in Vietnam.

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Sixty-two students from various universities of Malaysia are participating in the Green Summer Volunteer Campaign in Ho Chi Minh City, starting July 7.

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(Source: VGP)