Malaysia is interested in investing in utilities, manufacturing and real estate development in Vietnam

Post by Malaysian Minister of International Trade and Industry (MITI) Mohamed Azmin Ali on Twitter. (Screenshots)

On Twitter, Malaysia’s Minister of International Trade and Industry Azmin Ali wrote: “It is proud to see that leading Malaysian companies are investing and operating to contribute to socio-economic development. by creating more jobs for the Vietnamese people, while taking advantage of the vast competitive opportunities on a global scale”.

According to Mr. Azmin Ali, although the Covid-19 epidemic has impacted business and commercial activities, with a high proportion of the adult population fully immunized, both Vietnam and Malaysia are preparing to transition to the second phase of the pandemic. consider Covid-19 as an endemic disease when international borders are opened.

Minister Azmin Ali said that commercial activities will be much better when supply chain disruptions are reduced.

“Along with the entry into force of the Regional Comprehensive Economic Partnership (RCEP), I also strongly encourage the Vietnamese business community to take advantage of open market access opportunities as this will provide sourcing raw materials in the region at a competitive cost, further deepening the integration of supply chains in the region,” said Azmin Ali.

Referring to the meeting with the Vietnamese business community, Minister Azmin Ali said it was a constructive meeting and exchange of views.

“I have listened to candid views and have a lot of merit in some of the very constructive proposals that MITI will make. Vietnamese businesses are excited about the international border between Vietnam and Malaysia. will be reopened, as this will help promote economic recovery and reconnect people-to-people ties after two years of closure,” Azmin Ali emphasized.

Noting that many Vietnamese companies are hiring a large number of Malaysians at both personnel and management levels, Minister Azmin Ali affirmed, many Malaysians consider Vietnam as their second home.

“It is interesting to hear that GAMI Group is interested in partnering with Malaysian companies on electric vehicle (EV) projects while VietJet is already flying to Kuala Lumpur and will, in fact, connect,” he wrote. re-routing the flight route between Vietnam and Malaysia starting from April 1.

In particular, Hoa Binh Construction Group is very supportive and receptive to the incorporation of environmental, social and governance (ESG) factors into its business and real estate development plans. According to Mr. Azmin Ali, this interest of Vietnamese enterprises is very suitable for Malaysian national investment.