Deputy PM Hoang Trung Hai chaired a Vietnam-Malaysia business forum in Kuala Lumpur on October 11 to promote bilateral trade ties in the post-crisis era.
Representatives from each side shed light on their country’s respective investment opportunities and introduced the advantages interested businesses can harness.
Hai and officials from the Ministry of Industry and Trade and the Ministry of Planning and Investment highlighted the huge potential for Vietnam-Malaysia trade cooperation in anticipation of a united ASEAN Community in the near future.
He said Vietnam welcomes Malaysian investors with open arms, noting it remains one of the region’s most liberal economies.
Hai took questions on direct foreign investment (FDI) business operations in Vietnam, administrative procedures, business licensing, human resource training, and land use policies.
*** Deputy PM Hai met with his Malaysian counterpart Mohamad Haji Yassin earlier on October 10.
Deputy PM Yassin acknowledged the value his country places on its traditional friendship with Vietnam and bilateral cooperation in politics, economics, education, employment, and national defence.
The two leaders agreed to promote visit exchanges, and pursue joint projects on oil and gas, energy, and urban area construction.
Deputy PM Yassin praised Vietnam’s agricultural and aquacultural achievements and called on more Vietnamese businesses to explore Malaysian Tra fish breeding and processing projects.
The Malaysian Deputy PM plans to visit Vietnam later this month. He is expected to sign cooperative agreements on education and the agricultural and fisheries sectors.
*** While staying in Malaysia, Deputy PM Hai also met with former Malaysian Prime Minister Badawi Tun Abdullah.
Deputy PM Hai attended the fourth Global Entrepreneurship Summit (GES 2013) in Malaysia on October 11–12.