Sunday, 29/07/2018 23:55 (GMT+7)
The Vietnam – Singapore Industrial Park Joint Company (VSIP) and the Trade Office at the Vietnamese Embassy in Malaysia have organized a workshop to introduce investment opportunities in Vietnam in Malaysia’s capital Kuala Lumpur.
Vietnamese Trade Counsellor Pham Quoc Anh speaking at the event. (Photo: VNA)
The event, themed “Promising investment spotlight: Why Vietnam now”, focused on Vietnam’s advantages and potential, as well as the country’s business climate improvements and tax incentives.
In his speech at the opening, Vietnamese Trade Counsellor Pham Quoc Anh emphasized Vietnam’s efforts in improving its investment climate, thus attracting many foreign investors worldwide, including those from Malaysia.
Senior expert from Savills, John Campell. said that Vietnam has advantages which foreign investors should pay attention to, such as competitive land rent prices and maritime transport charges, big population and geographic location.
Notably, Vietnam has signed many free trade agreements with the EU and Republic of Korea, especially the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
Currently, Malaysia is Vietnam’s eighth biggest investor. As of June, the country invested over USD12 billion in 577 projects in Vietnam. In addition, Malaysia is also Vietnam’s second biggest trade partner among ASEAN, after Thailand.
In the first half of the year, bilateral trade turnover hit more than USD5.8 billion, a-year-on-year rise of more than 21%. These are foundations for the two countries to continue to enhance relations in all fields, especially investment./.
BTA