ID :
210319
Thu, 09/29/2011 - 17:51
Auther :
Shortlink :
https://oananews.org//node/210319
The shortlink copeid
STEP UP CONTACTS, MALAYSIANS, VIETS URGED
KUALA LUMPUR, Sept 29 (Bernama) -- Malaysians have been urged to make more contacts and exchanges with the Vietnamese to open up more opportunities for collaboration.
Deputy Minister of International Trade and Industry Jacob Dungau Sagan said other than trade and investment, they should also consider tourism, construction, education and healthcare.
"This, I think, is a good foundation to build on, and I hope more people from both countries, young people and businessmen especially, will visit each other and develop linkages," he said in his speech at the Malaysia-Vietnam Business Forum here on Thursday.
In 2010, 211,337 Malaysians visited Vietnam and 159,271 Vietnamese visited Malaysia, with over 650 Vietnamese students studying in Malaysia.
Sagan said the economies of Malaysia and Vietnam rely on exports to the industrial world to fund their growth.
"So, when demand for the products from Europe, Japan and the US takes a dive, as will surely happen during the next few years, we (Malaysians and Vietnamese) have to look to diversifying our export destinations.
"We must examine what we can do to boost bilateral trade and investment and look at how we can work with other countries in the region to promote economic growth," he said.
Vietnam-Malaysia trade rose to US$6.4 billion last year from US$51.9
million in 2000.
For January-July 2011, the total trade amounted to US$3.23 billion while approved Malaysian investment in terms of registered capital as at June totalled US$18.78 billion, spread over 386 projects.
"Vietnamese investment in Malaysia is not yet significant, but there are vast opportunities for you (Vietnamese) to do business here, and I'm sure more Vietnamese will be investing in projects here," he said.
Deputy Minister of International Trade and Industry Jacob Dungau Sagan said other than trade and investment, they should also consider tourism, construction, education and healthcare.
"This, I think, is a good foundation to build on, and I hope more people from both countries, young people and businessmen especially, will visit each other and develop linkages," he said in his speech at the Malaysia-Vietnam Business Forum here on Thursday.
In 2010, 211,337 Malaysians visited Vietnam and 159,271 Vietnamese visited Malaysia, with over 650 Vietnamese students studying in Malaysia.
Sagan said the economies of Malaysia and Vietnam rely on exports to the industrial world to fund their growth.
"So, when demand for the products from Europe, Japan and the US takes a dive, as will surely happen during the next few years, we (Malaysians and Vietnamese) have to look to diversifying our export destinations.
"We must examine what we can do to boost bilateral trade and investment and look at how we can work with other countries in the region to promote economic growth," he said.
Vietnam-Malaysia trade rose to US$6.4 billion last year from US$51.9
million in 2000.
For January-July 2011, the total trade amounted to US$3.23 billion while approved Malaysian investment in terms of registered capital as at June totalled US$18.78 billion, spread over 386 projects.
"Vietnamese investment in Malaysia is not yet significant, but there are vast opportunities for you (Vietnamese) to do business here, and I'm sure more Vietnamese will be investing in projects here," he said.
