Vietnamese, Malaysian enterprises boost cooperation

At the signing ceremony between the Vietnam Malaysia Business Association and Malaysia’s Blue Ocean Capital Group Berhad (Photo: VNA)

Kuala Lumpur – The Vietnam Malaysia Business Association (VMBIZ) and Malaysia’s Blue Ocean Capital Group Berhad (BOCGB) signed a Memorandum of Understanding (MoU) on December 20 to bolster collaboration and exchange between enterprises of both nations.

Accordingly, the VMBIZ and the BOCGB agreed to create favourable business cooperation 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 necessary market and project information, as well as latest updates on related policies so that they can seize business opportunities not only in Vietnam and Malaysia but also in the region and the world.

The two sides want to become a bridge to enhance cooperation between non-governmental organisations in Vietnam and Malaysia, and promote integration activities with a view to contribute to the Vietnam-Malaysia relations.

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

Apart from being a favourite destination of large corporation like Apple and Samsung, Vietnam is also a potential 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’s 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 worked with the Vietnamese trade office in Malaysia to organise many online conferences on enhancing Vietnamese exports to Malaysia. Additionally, the association has made positive contribution to activities by the Vietnamese people community in the host nation, and supported citizens who were battered by floods in the homeland.