Business association helps connect Vietnamese, Malaysian firms
The Vietnam – Malaysia Business Association (VMBIZ) and the Malay Chamber Of Commerce Malaysia (MCCM) signed a memorandum of understanding (MoU) on cooperation at a ceremony in Kuala Lumpur on December 7.
The VMBIZ and the MCCM will further promote trade and investment between the two countries in the coming time, especially in food and agricultural sectors. - Illustrative image (Photo: VNA)
Kuala Lumpur (VNA) – The Vietnam – MalaysiaBusiness Association (VMBIZ) and the Malay Chamber Of Commerce Malaysia (MCCM) signeda memorandum of understanding (MoU) on cooperation at aceremony in Kuala Lumpur on December 7.
In her remarks, VMBIZ Vice President NguyenThi Thanh Van said the MoU marks an impressive milestone in the association'soperation, opening potential cooperation opportunities between Vietnamesebusinesses operating in Malaysia and enterprises of the two countries.
Theassociation plans to organise a Week of Vietnamese High-QualityGoods inMalaysia on the occasion of the 50th founding anniversary of the bilateral diplomaticrelations, she said.
MCCM President Soh Thian Lai expressed his delight at impressiveresults in trade and investment promotion activities between Vietnam andMalaysia in 2022, saying that his agency will strengthen coordination with the VMBIZ to further promote trade and investment betweenthe two countries in the coming time, especially in food and agriculturalsectors.
Standing Vice Chairman and SecretaryGeneral of the Business Association of Overseas Vietnamese (BAOOV) Peter Hong affirmed the VMBIZ has been contributing to improving theefficiency of the implementation of the project ‘Mobilissing overseas Vietnamese to introduce, consume, and develop distribution channels for domestic products abroad in the 2020-2024period' (Project 1797).
On the occasion, the VMBIZ and eight individuals were presented with certificates of merit in recognition of their contributionsto implementing Project 1797.
Establishedin 2018, the VMBIZ is working to support business delegations from Vietnam’s localitiesin connecting directly with Malaysian businesses. It serves as a bridge promotingconnection between Vietnamese and Malaysia businesses, as well as investors thatwant to learn about the Malaysian market./.
Promoting cooperation with Malaysia in the halal food industry is one of the priority cooperation areas between the two countries, Vietnamese Ambassador to Malaysia Tran Viet Thai has said.
Vietnam and Malaysia will make new strides in their relations under the cabinet of new Malaysian Prime Minister Anwar Ibrahim, said Collins Chong Yew Keat, lecturer of the University of Malaysia.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.