Vietnam, Malaysia Boost Green Growth Cooperation

Malaysian Prime Minister Anwar Ibrahim emphasised Malaysia's commitment to promoting green, sustainable, and environmentally friendly economic growth programmes, calling on Vietnamese businesses to further strengthen their cooperation with Malaysian partners in this field, VNA reported.

He made the statement when attending the Malaysia-Vietnam Business Forum, held within the framework of his official visit to Vietnam on July 20-21.

Malaysian Prime Minister Anwar Ibrahim speaks at the forum. (Photo: mekongasean.vn

The Malaysian PM expressed his impression of Vietnam's bustling economic activities and achievements over the past time, particularly the vision and leadership of the Vietnamese Government in creating a favourable business environment which plays an important role in the country’s economic development, and help strengthen Vietnam-Malaysia relations.

Expressing his delight at the two countries' economic cooperation achievements, Prime Minister Anwar Ibrahim emphasised both sides will continue promoting their economic ties in the coming time.

According to participants in the forum, the two countries have closely complementary economies. Malaysia, with a thriving manufacturing sector and advanced technology, will bring many investment opportunities for Vietnamese businesses. Similarly, Vietnam's dynamically and rapidly growing economy will provide Malaysia with a rich potential market for goods and service exchanges.

In particular, the two countries still have room for cooperation in a variety of fields such as real estate, energy, Halal products, food and beverage, construction and building materials, as well as medical and pharmaceutical products.

The Malaysia-Vietnam Business Forum is held within the framework of Malaysian Prime Minister Anwar Ibrahim's official visit to Vietnam on July 20-21. Photo: mekongasean.vn

During the visit, PM Anwar paid courtesy calls to Party General Secretary Nguyen Phu Trong and President Vo Van Thuong, held talks with PM Chinh, met with National Assembly Chairman Vuong Dinh Hue, witnessed the signing of cooperation agreements between the two countries, and joined the official banquet.

During the talks and meetings, the Vietnamese leaders welcomed PM Anwar Ibrahim and his encourage to Vietnam on the occasion of the 50th anniversary of bilateral diplomatic ties this year, and believed that Malaysia will successfully pursue the "Malaysia Mandani" strategy initiated by PM Anwar Ibrahim, and become a high-income country with sustainable development.

Leaders of the two countries expressed their satisfaction with the development of bilateral relations in recent years, especially since the upgrade of bilateral ties to a strategic partnership in 2015. Malaysia is now Vietnam's second biggest trade partner within ASEAN and the ninth largest globally. Cooperation areas directly affected by the Covid-19 pandemic, such as tourism, labour, education and training, has shown a strong recovery.

Vietnamese Prime Minister Pham Minh Chinh and Malaysian Prime Minister Anwar Ibrahim witnessed the signing of the Memorandum of Understanding between Vietnam Chamber of Commerce and Industry and Malaysia National Chamber of Commerce and Industry on July 20. Photo: Duong Giang/VNA

Both sides agreed to facilitate the exchange of delegations at all levels via the Party, State, Government and parliament channels, consider the possibility of establishing a mechanism for regular or periodic meetings between the two PMs under flexible forms at multilateral forums, expedite the implementation of the signed sectoral cooperation mechanisms, and strive for balanced bilateral trade with less trade barriers.

Following their talks, the two PMs witnessed the signing of two documents, namely the minutes of the seventh meeting of the Joint Committee for Economic, Scientific and Technical Cooperation, and a memorandum of understanding between the Vietnam Chamber of Commerce and Industry (VCCI) and the National Chamber of Commerce and Industry of Malaysia.

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