THE SOCIALIST REPUBLIC OF VIET NAM
Government News
Prime Minister vows support for Malaysia's ASEAN Chairmanship 2025
VGP – Prime Minister Pham Minh Chinh on Monday reiterated his support for Malaysia's ASEAN Chairmanship in 2025 during his reception for Malaysian Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Prime Minister Pham Minh Chinh (right) hosts a reception for Malaysian Minister of Investment, Trade and Industry Zafrul Abdul Aziz at the Government Office in Ha Noi, July 8, 2024. Photo: VGP
Pham urged Malaysia to support Viet Nam's efforts in combatting illegal, unreported and unregulated (IUU) fishing in order for the European Commission to remove its "yellow card" against Viet Nam's seafood exports to the European Union.
He reaffirmed that Malaysia remains one of Viet Nam's key partners, particularly in such fields like trade and investment, calling on both countries to continue maintaining their Joint Committee on Trade Cooperation to realize the two-way trade goal US$20 billion.
Prime Minster Pham called on Malaysian enterprises to boost investments in Viet Nam, especially in such fields like digital transformation, green transition, clean energy, wind power as well as emerging fronts like innovation, artificial intelligence, and cybersecurity.
Regarding multilateral cooperation, Pham suggested both sides should continue mutual support at multilateral forums, working with other ASEAN Member States to maintain ASEAN centrality, enhance ASEAN solidarity and unity, and safeguard the environment of peace, stability, cooperation and development.
Malaysia is Viet Nam's third largest trading partner in ASEAN and tenth largest trading partner globally, with the two-way trade reaching US$12.7 billion in 2023 and US$6.2 billion in the first five months this year.
Malaysia is also the third biggest foreign investor in Viet Nam with total registered capital of over US$13 billion./.