The Vietnamese Government is committed to accompanying and creating favourable conditions for foreign investors, including Malaysian enterprises, to operate efficiently and sustainably to bring about prosperity for both sides in the coming time, said PM Pham Minh Chinh.

The US-China trade war has begun to benefit Malaysian producers as exporters of the two countries are looking for alternative sources of materials.

Malaysian businesses have reported an increase in sales since the goods and service tax (GST) rate was set to zero at the start of this month, according to the local news website The Star Online.

Measures to promote import-export of livestock products between Vietnam and Malaysia was the focus of a seminar held in Kuala Lumpur, Malaysia, on April 21.

Executives from 120 Malaysian businesses and 62 Chinese counterparts have sought opportunities to forge closer economic ties for the two countries.

A Russia – Malaysia business council was established on March 15 with a view to strengthening collaboration in economy, science, technology and culture.