VN wants Malaysians to invest in biz, finance

Friday, Nov 11, 2016 09:13

Viet Nam is an attractive destination for Malaysian finance and industry sectors. — Photo

Viet Nam is an attractive destination for Malaysian finance and industry sectors, CK Lim, Director of the ASEAN Business Community, said at a function to connect Vietnamese and Malaysian businesses in HCM City on November 10.

He said that the Vietnamese Government’s investment attraction policies and tax incentives offered to foreign businesses had created the attraction of the Vietnamese market.

With over 93 million people, Viet Nam is a potential consumption market that is being eyed by regional countries, CK Lim commented.

Several Malaysian banks have made their presence felt in Viet Nam’s finance–banking sector with efficient operations and possibilities to grow in a robust manner, he said.

Malaysian businesspeople see Viet Nam as a top choice in the ASEAN region when they plan to build plants on manufacturing industrial goods in the future, he told participants.

Assessing Viet Nam-Malaysia co-operative ties, Ho Xuan Lam, Deputy Director of the HCM City Investment and Trade Promotion Centre, said Malaysia was always a crucial and promising partner of Viet Nam.

Being members of the ASEAN Economic Community, which forms a single market and production centre with free movement of goods, services, skilled labourers, investment and capital flows, will allow the countries to boost bilateral trade and investment, he said. — VNS

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