Malaysia is targeting to push its trade volume with Vietnam to US$15 billion by next year. Vietnam-Malaysia Business Association spokesperson Dinh Hai Yen said that for last year, Vietnam’s total export of various goods to Malaysia was US$3.81 billion, while its import from Malaysia was US$1.75 billion.
“Vietnam is the second biggest trade partner for Malaysia in Asean, while Malaysia is its fourth largest trade partner in the region, with 586 products traded between the two countries. For last year, Malaysia was the eighth biggest investor in Vietnam accounting for US$12.5 billion,” she said.
Dinh added hat Prime Minister Tun Dr Mahathir Mohamad was keen to increase bilateral trade, with 12 per cent of it involving vegetables, flowers and fruits.
Malaysia was one of Vietnam’s top ten export markets for fruits, vegetables and flowers as well, accounting for US$45 million a year.
“There is great scope for the horticultural and floricultural industries for both nations,” said Dinh in conjunction with the ‘3rd HortEx Vietnam 2020’.
Dinh is also business development director of YCYV Sdn Bhd, the sales agency for the ‘3rd HortEx Vietnam 2020’, which is jointly organised by Veas Co. Ltd of Vietnam, Nova Exhibitions B.V. of the Netherleands and China Great Wall International Exhibition Co. Ltd.
