Vietnam – a major trade partner of Malaysia
(VOV) - Vietnam currently ranks fifth among Malaysia’s ASEAN trade partners, with its two-way trade turnover reaching US$7.9 billion in 2012, up 17 percent from a year earlier.
Last year, Vietnam’s exports to Malaysia earned US$4.5 billion, a year-on-year increase of 56 percent, while its imports from this market fell by 13 percent to US$3.4 billion.
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Among Vietnam’s top ten foreign investors, Malaysia ranks eighth with 428 projects worth over US$10.1 billion in total.
The two countries are facilitating trade promotion and preparing for the second meeting of the Vietnam-Malaysia Joint Trade Committee in Hanoi in March 2013 on the sidelines of the 19th ASEAN Economic Ministers’ Meeting.
They are expected to promote bilateral cooperation in dealing with anti-dumping issues and protecting the legitimate rights of businesses in both countries.
Vietnam and Malaysia are gearing up for the 40th anniversary of their diplomatic ties in 2013, with the aim of strengthening the comprehensive strategic partnership in the framework of 13 agreements on cooperation in various fields, including trade, investment, science and technology, post and telecommunications, and sports.