Politics & Law
PM attends inauguration of upgraded statue of President Hồ Chí Minh in Santo Domingo
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| Việt Nam and Malaysia set up diplomatic relations on March 30, 1973 and lifted the ties to a Strategic Partnership in 2015. |
Viet Nam News
HÀ NỘI — President Trần Đại Quang on Friday sent a letter of congratulations to Malaysian King Sultan Muhammad V on the country’s 61st National Day (August 31, 1957).
On the same day, Prime Minister Nguyễn Xuân Phúc cabled a similar letter to his Malaysian counterpart Tun Dr. Mahathir Bin Mohamad while Deputy Prime Minister and Minister of Foreign Affairs Phạm Bình Minh also congratulated Malaysia Foreign Minister Dato’ Saifuddin Abdullah on the occasion.
Việt Nam and Malaysia set up diplomatic relations on March 30, 1973 and lifted the ties to a Strategic Partnership in 2015.
Over the past 45 years, bilateral relations have strongly developed across multiple fields, including politics-diplomacy, defence-security, economics and cultural exchange.
Two-way trade in 2017 topped US$10 billion, a year-on-year increase of 19.06 percent, of which Việt Nam exported $4.2 billion worth of products to Malaysia and imported goods worth over $5.8 billion from Malaysian. Both sides are striving to increase trade value to $15 billion by 2020 under the Việt Nam-Malaysia Action Plan in 2017-2019. Malaysia is now the eighth-largest trade partner of Việt Nam while Việt Nam ranks 12th among Malaysian trade partners. Malaysia is the seventh-biggest foreign investor in Việt Nam, pumping $12.18 billion into 568 FDI projects as of the end of 2017.
Malaysia has been in the top 10 Asian tourism markets of Việt Nam, with some 400,000 arrivals in 2017, accounting for 3.48 per cent of total foreigners spending holidays in the country that year. — VNS
