PM Nguyen Tan Dung and his Malaysian counterpart Datuk Seri Najib Tun Razak
Nhan Dan Online/VNA – Malaysian entrepreneurs should seize opportunities to expand their businesses in Vietnam, taking advantage of growing bilateral ties, Prime Minister Datuk Seri Najib Tun Razak told the Malaysian National News Agency on April 5.
The Malaysian leader, who was speaking from Hanoi, also urged Vietnamese businesses to reciprocate by increasing their investment in and trade ties with Malaysia.
The Malaysian PM said Vietnam plans to privatise 500 state-owned enterprises and that this would surely open up many business opportunities for Malaysian companies.
He also advised Malaysian firms to gain an in-depth understanding of Vietnamese business culture and find the right local partners so that legal approval can be given with ease.
PM Razak said he feels very positively with regard to the two-way trade between the two countries, adding that based on the current investment trend, Malaysia and Vietnam can achieve their total trade target of US$11 billion by 2015.
Malaysia is the eighth largest investor in Vietnam with total approved investments of US$10.4 billion spread across 455 projects.
PM Najib Razak urges Malaysian businesses to invest in Vietnam Related image(s)
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