The Viet Nam Malaysia Business Association (VMBIZ) and Malaysia’s Blue Ocean Capital Group Berhad (BOCGB) signed a memorandum of understanding (MoU) on Sunday to bolster collaboration and exchange between enterprises of both nations.

The two sides agreed to create a favourable business co-operation climate for corporations of the two countries, help them to find potential partners, and mobilise resources for investment projects.

They also reached consensus on providing members with market and project information, as well as updates on related policies so they can seize business opportunities not only in Viet Nam and Malaysia but also in the region and the world.

The two sides want to become a bridge to enhance ties between non-governmental organisations in Viet Nam and Malaysia and promote integration activities with a view to contributing to Viet Nam-Malaysia relations.

On the occasion, Vietnamese Ambassador to Malaysia Tran Viet Thai said Viet Nam treasures relations with Malaysia, and wishes to enhance its partnership with the nation, with economy-trade-investment an important pillar.

Apart from being a favourite destination of large corporations like Apple and Samsung, Viet Nam is a market with a population of nearly 100 million people, he said, adding the VNBIZ and BOCGB should concretise their MoU with specific business and investment projects.

After the signing ceremony, several BOCGB members unveiled their plan to enter the Vietnamese market and pave the way for Vietnamese goods to enter Malaysia and many other Muslim markets.

The VMBIZ, established in 2018, has conducted a wide range of activities to link Vietnamese and Malaysian firms. During the pandemic, the association has worked with the Vietnamese trade office in Malaysia to organise many online conferences on enhancing Vietnamese exports to Malaysia.

Additionally, the association has aided the activities organised by the Vietnamese people community in the host nation and supported citizens who were battered by floods in Viet Nam. — VNS