The meeting is to connect Vietnamese and Malaysian businesses. In the meeting, CK Lim, Director of the ASEAN Business Community said that with over 90 million people, Vietnam is a potential consumption market that is being eyed by regional countries. The Vietnamese Government’s investment attraction policies and tax incentives offered to foreign businesses have created the attraction of the Vietnamese market, he noted.
CK Lim told participants that Malaysian businesspeople saw Vietnam as a top choice in the ASEAN region when they plan to build plants to manufacture industrial goods in the coming time.
Assessing Vietnam-Malaysia cooperative ties, Mr.Ho Xuan Lam, Deputy Director of the HCM City Investment and Trade Promotion Centre, said Malaysia is always a crucial and one of strategic partners of Vietnam in ASEAN.
In the past ten months of this year, trade between the Vietnam and Malaysia hit 6 billion USD and it was targeted to reach 12-15 billion USD by 2020.
Being members of the ASEAN Economic Community, which forms a single market and production centre with free movement of goods, services, skilled labourers, investment and capital flows, will allow the countries to boost bilateral trade and investment, Mr.Ho Xuan Lam said. Several Malaysian banks have made their presence in Vietnam’s finance-banking sector with efficient operations and possibilities to growing robustly.
Ho Chi Minh City has been offering flexible and competitive investment attraction policies and mechanisms, Mr.HoXuan Lam noted, saying this enables foreign businesses, including Malaysian ones to expand their investment and business scope.
