Vietnam, Malaysia hold great potential for trade cooperation
Ample room remain for boosting trade cooperation between Vietnam and Malaysia, including the export of Vietnamese tra (pangsius) fish, as both countries strive to capitalise on regional trade agreements such as the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), experts have said.
Processing tra fish for export. Shipment of Vietnam's pangasius to Malaysia reached an estimated 31 million USD in the first 11 months of this year, marking a year-on-year increase of over 21%, according to VASEP (Photo: VNA)
Hanoi (VNA) - Ample room remain for boosting trade cooperation between Vietnam and Malaysia, including the export of Vietnamese tra (pangsius) fish, as both countries strive to capitalise on regional trade agreements such as the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive🔜 and Progressive Agreeꩵment for Trans-Pacific Partnership (CPTPP), experts have said.
The Vietnam Association of Seafood Exporters and Producers (VASEP) reports that Vietnamese pangasius products consistently rank among the most favoured white fish in global markets, with Malaysia being no exception. Exports of this fish to Malaysia have shown steady growth in recent years, it said.
Shipment of Vietnam's pangasius to Malaysia reached an estimated 31 million USD in the first 11 months of this year, marking a year-on-year increase of over 21%, according to VASEP representatives.
Nguyen Thi Thu Hang, a market expert from VASEP, noted that frozen pangasius fillets are Malaysia's most imported whitefish product. Vietnam stands out as the largest supplier of frozen pangasius fillets to Malaysia, accounting for 96% of the country’s total imports in this category.
To Thi Tuong Lan, Deputy Secretary-General of VASEP, highlighted Malaysia as a vital market within the Halal economy. To maintain and expand their foothold in this market, Vietnamese pangasius exporters must adhere to Halal certification standards and excel in meeting these requirements./.
Vietnam’s tra fish export could reach the set target of 2 billion USD this year driven by industry improvements, heard a workshop held in Cao Lanh city, the Mekong Delta province of Dong Thap, on November 17.
Thanks to good communications strategies, Vietnamese tra fish (pangasius) products have been known to domestic and foreign consumers, and the export of these products has continuously increased in recent times, creating new breakthroughs.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
