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Vietnam, Malaysia agree to take bilateral trade to $15 bn

04
Sep '19
Pic: Shutterstock
Pic: Shutterstock
Vietnam and Malaysia last week agreed to promote import and export of their products, which include textiles and garments, petroleum products, chemicals and chemical products, machinery, equipment and parts, agricultural produce and palm oil, so that bilateral trade crosses $15 billion by 2020, according to a joint statement issued by both sides in Hanoi.

Vietnamese Prime Minister Nguy?n Xuân Phúc met Malaysian Prime Minister Mahathir Mohamad in Hanoi on August 27 during the latter’s visit to the country from August 26 to 28.

Both sides agreed that their investment agencies should enhance cooperation by organising investment promotion activities to help investors explore the investment opportunities in both countries.

Areas of high potential include textiles, oil and gas, information technology, smart manufacturing, artificial intelligence, Industry 4.0, wastewater treatment, logistics and smart agriculture. (DS)

Fibre2Fashion News Desk – India


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