Vietnam and Malaysia agree to expand bilateral trade to $15 billion

Vietnam and Malaysia last week promoted import and export of products such as textiles and clothing, petroleum products, chemicals and chemical products, machinery, equipment and parts, agricultural products, and palm oil, with bilateral trade set to reach 150% by 2020. It was agreed that the amount would exceed $1 billion. According to a joint statement issued by both sides in Hanoi.

Vietnam’s Prime Minister Nguyen Xuan Phuc held talks in Hanoi on August 27 with Malaysian Prime Minister Mahathir Mohamad, who is visiting the country from August 26 to 28.

Vietnam and Malaysia last week promoted import and export of products such as textiles and clothing, petroleum products, chemicals and chemical products, machinery, equipment and parts, agricultural products, and palm oil, with bilateral trade set to reach 150% by 2020. It was agreed that the amount would exceed $1 billion. , according to a joint statement issued by both sides in Hanoi. #

Both sides agreed that investment institutions should strengthen cooperation by organizing investment promotion activities to help investors explore investment opportunities in both countries.

Sectors with high potential include textiles, oil and gas, information technology, smart manufacturing, artificial intelligence, Industry 4.0, wastewater treatment, logistics, and smart agriculture. (DS)

Fibre2Fashion News Desk – India