Malaysia, Vietnam to eye new opportunities, strengthen cooperation

HANOI (Bernama) – Malaysia and Vietnam agreed to strengthen cooperation and look for new economic opportunities to reduce trade imbalance between the two ASEAN countries.

In a joint press conference, Malaysian Prime Minister Tun Dr Mahathir Mohamad and Vietnamese Prime Minister Nguyen Xuan Phuc said both countries agreed to strengthen strategic cooperation in various sectors including defence, security, marine and fisheries, education, labour and tourism.

Both premiers also agreed to encourage investments in infrastructure, energy, high-tech agriculture, aquaculture, transport and logistics as well as facilitate the networking of businesses in finding new opportunities.

It was announced at a joint press conference by Malaysian Prime Minister Tun Dr Mahathir Mohamad and his Vietnamese counterpart, Nguyen Xuan Phuc after a delegation meeting yesterday.

Dr Mahathir said Malaysia and Vietnam agreed to work together within ASEAN and make use of the economic bloc to grow their economies and to tackle problems in the world and the region in particular.

“We are concerned about promoting good relations not only in terms of diplomacy but also in terms of our trade and development.

“There is much we can learn from each other. (Vietnamese) Prime Minister has detailed out the agreements which would lead to deeper cooperation between our two countries. I am looking forward to implement the agreements we have achieved during the discussion and meetings,” he said.