HCM City (VNA) – Vietnam is an attractive destination for Malaysian finance and industry businesses, CK Lim, Director of the ASEAN Business Commu𓃲nity said aꦏt a function to connect Vietnamese and Malaysian businesses in Ho Chi Minh City on November 10.
He noted that the Vietnamese Government’s investment attraction policies and tax incentives offered to foreign businesses have created the attraction of the Vietnamese market.
With over 90 million people, Vietnam is a potential consumption market that is being eyed by regional countries, CK Lim commented.
Several Malaysian banks have made their presence in Vietnam’s finance–banking sector with efficient operations and possibilities to growing robustly, he said.
Malaysian businesspeople saw Vietnam a top choice in the ASEAN region when they plan to build plants to manufacture industrial goods in the coming time, he told participants.
Assessing Vietnam-Malaysia cooperative ties, Ho Xuan Lam, Deputy Director of the HCM City Investment and Trade Promotion Centre, said Malaysia is always a crucial, promising partner of Vietnam.
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, he said.
Ho Chi Minh City has been offering flexible and competitive investment attraction policies and mechanisms, he noted, saying this enables foreign businesses, including Malaysian ones to expand their investment and business scope.
Malaysia is one of Vietnam’s strategic partners in ASEAN. In the past ten months of this year, trade between the two countries hit 6 billion USD and it was targeted to reach 12-15 billion USD by 2020.-VNA
Vietnam and Malaysia signed a cooperation agreement on Nov 6, enabling both sides to increase information sharing and training coordination and ensure aviation safety and and security.
The Vietnam National Oil and Gas Group had a working session with Petronas, the national oil and gas company of Malaysia, to foster the implementation of oil and gas projects between the countries.
Vietnamese Minister of Public Security To Lam and Malaysian Minister of Home Affairs Ahmad Zahid Hamidi agreed to strengthen anti-crime cooperation during their talks in Kuala Lumpur on June 7.
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: Reuters)
