The PM called on businesses to actively contribute to enhancing ASEAN connectivity, including between Viet Nam and Malaysia, and to promote cooperation in green economy, innovation, science-technology, digital transformation, and green energy.

Prime Minister Pham Minh Chinh speaks at Vietnam–Malaysia business meeting.

He also highlighted the need revitalise traditional growth drivers such as investment, exports, and consumption.

Briefing the participants on Viet Nam’s situation, the leader said from a poor, war-torn, agriculture-based country, Viet Nam has risen to rank among the world’s 34 largest economies.

It is also among the top countries in foreign direct investment (FDI) attraction and one of the world’s 20 leading economies in terms of trade. The country has signed 17 free trade agreements with more than 60 economies.

Viet Nam aims for GDP growth of at least 8% in 2025 and double-digit growth during the 2026–2030 period, the leader continued.

The country is committed to building an independent and self-reliant economy, while proactively and actively engaging in extensive, substantive, and effective international integration, he said.

PM Chinh stressed that alongside implementing three strategic breakthroughs in infrastructure, institution, and human resources, Viet Nam has focused on streamlining its organisational apparatus, and creating a more favourable environment for production, investment, and business.

It is also driving breakthroughs in science-technology, innovation, and digital transformation; positioning the private sector as one of the most important engines of the economy; and promoting international integration in the new context while expanding relations with countries and international partners, he said.

The leader called on foreign enterprises, including those from Malaysia, to continue cooperating and investing in Viet Nam, and pledged to facilitate their operations.

The participating businesses expressed their delight at the positive development in Viet Nam–Malaysia relations, especially following the establishment of the Comprehensive Strategic Partnership.

They shared the view that economic, trade, and investment cooperation is a highlight in the bilateral relationship.

Malaysia is currently Viet Nam’s third-largest trading partner within ASEAN and the ninth-largest worldwide. Bilateral trade has continuously increased, reaching 14.2 billion USD in 2024, with a target of 18 billion USD this year.

Malaysia ranks 10th among 143 countries and territories investing in Viet Nam, with total registered capital of 13 billion USD.

Lauding Viet Nam’s role and position within ASEAN and globally, as well as its favourable investment environment, the firms noted that the two countries possess strategic and complementary strengths that should be leveraged for cooperation.

This would provide businesses from both sides with better opportunities to access each other’s markets, especially in emerging areas with great potential such as halal industry, garment, green economy, innovation, science and technology, digital transformation, green energy, infrastructure development, and maritime economy, they said.

They emphasised that, amid current global uncertainties, both sides need to maximise the cooperative mechanisms they are jointly involved in to promote each country’s development, for the sake of peace, stability, cooperation, and development in the region and the world at large.

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