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Workshop on VN’s investment opportunities held in Malaysia

Update: July, 27/2018 - 12:00
Vietnamese Trade Counsellor Phạm Quốc Anh addresses the workshop. — Photo VNA
Viet Nam News

KUALA LUMPUR — A workshop to introduce investment opportunities in Việt Nam was held in Kuala Lumpur on Thursday, drawing the participation of more than 100 representatives from firms in Malaysia. 

Themed “Promising investment spotlight: Why Việt Nam now?”, the event was organised by the Việt Nam–Singapore Industrial Park Joint Stock Company (VSIP) and the Trade Office at the Vietnamese Embassy in Malaysia. The workshop focuses on Việt Nam’s advantages and potential as well as the country’s business climate improvements and tax incentives. 

Opening the event, Vietnamese Trade Counsellor Phạm Quốc Anh emphasised Việt Nam’s efforts in improving its investment climate, thereby drawing numerous foreign investors, including those from Malaysia. 

Malaysia is the eighth biggest foreign investor in Việt Nam. As of June, the country had invested over US$12 billion in 577 projects.

Malaysia is also the second largest trade partner of Việt Nam in ASEAN after Thailand. In the first six months of this year, bilateral trade reached more than $5.8 billion, up 21 per cent over the same period last year. 

Trade Counsellor Phạm Quốc Anh described the figures as a basis for the two countries to continue promoting bilateral ties in various areas, including investment. 

John Campbell from Savills noted Việt Nam’s advantages, such as competitive land rent prices and maritime transport charges, a large population and geographic location. 

He highlighted that Việt Nam is seeking many free trade agreements including those with the European Union and the Republic of Korea, as well as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). 

At the event, representatives of VISP and KPMG Malaysia pointed out other attractive aspects in Việt Nam’s investment environment like tax incentives. — VNS

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