At the meeting, Vice Chairman of Ho Chi Minh City People’s Committee Le Thanh Liem said that Ho Chi Minh City hopes to welcome a new wave of Malaysian investors, especially following the formation of the ASEAN Community and the conclusion of the Trans-Pacific Partnership (TPP).
He affirmed the city’s determination and efforts to simplify administrative procedures and improve the investment climate in order to provide the best conditions for foreign businesses, including those from Malaysia, to operate in the locality.
For his part, Sofia Akmalabd, Malaysian Consul General, said Vietnam and Malaysia see great potential for cooperation as they are members of the TPP and the ASEAN Community.
Malaysia and Ho Chi Minh City need closer links to boost their trade and investment in the future, he noted.
As of June 2016, Malaysia was the second largest investor in Ho Chi Minh City with 220 valid projects capitalized at 5 billion USD.
Malaysian investors mainly pour money into such sectors as processing, manufacturing, trade, accommodation and restaurant services.
