Vietnam and Malaysia recorded two-way trade of nearly 2.27 billion USD in the first quarter of 2017, a year-on-year increase of 39.7 percent, according to the Vietnamese Trade Office in Malaysia.
Hanoi (VNA) – Vietnam and Malaysiarecorded two-way trade of nearly 2.27 billion USD in the first quarter of 2017,a year-on-year increase of 39.7 percent, according to the Vietnamese TradeOffice in Malaysia.
Vietnam exported 978.7 million USD worth ofgoods to Malaysia, up 49.6 percent, and imported 1.29 billion USD from themarket, up 33 percent against the same period last year.
In January-March, Vietnam exported numerous highvalue commodities to Malaysia such as computers, electronic products and spareparts (367.2 million USD), and mobile phones and components (112.6 millionUSD).
Other staples include iron and steel (58.63million USD), machines and equipment (43.07 million USD), glass and glassproducts (41.36 million USD), vehicles and spare parts (35.74 million USD),crude oil (20.03 million USD), rubber (19.94 million USD), and seafood (19.2million USD).
The total investment of Malaysian businesses inVietnam is estimated at more than 12 billion USD, focusing on oil and gas, realestate, trade and tourism.
At a recent reception for Malaysia’s Minister ofTrade and Industry Datuk Seri Mustapa Mohamed on the occasion of his visit toVietnam, President Tran Dai Quang said Vietnam attaches great importance todeveloping relations with Malaysia, particularly in economics, trade andinvestment.
The President lauded the efficiency of Malaysianprojects that benefit the two countries’ businesses and contribute to Vietnam’ssocio-economic development.
Malaysia is the second biggest investor inVietnam in ASEAN, with two-way trade hitting 8 billion USD in 2015.
The President urged the two nations to restartmeetings between the joint committee on bilateral cooperation soon to plan forthe implementation of the Vietnam – Malaysia Action Programme in 2017-2019.
The two countries need to map out measures torealise the bilateral trade target of 15 billion USD by 2020, headded.-VNA
A Vietnam-Malaysia business roundtable conference was held in Hanoi on December 8, aiming to open up opportunities for the business communities of the two countries to meet and network.
Prime Minister Nguyen Xuan Phuc said he wants Vietnam and Malaysia to seek measures to boost bilateral trade during his reception for Minister for International Trade and Industry Datuk Seri Mustapa Mohamad in Hanoi on December 9.
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.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
Illustrative image (Source: VNA) 
