Vietnam, Malaysia boost cooperation in key areas
Update: 04-09-2013 | 00:00:00
The Malaysian King’s forthcoming visit to Vietnam aims to step up bilateral cooperation in key areas such as economics, trade and labour towards a future strategic partnership.
Vice President Nguyen Thi Doan (L) met Malaysian King Abdul Halim Mu’adzam Shah in 2013
Malaysian King Abdul Halim Mu’adzam Shah and his wife will pay a State visit to Vietnam from September 5-8 at the invitation of President Truong Tan Sang.
Since the Vietnam-Malaysia diplomatic ties were established in 1973, the ties of friendship and multifaceted cooperation between the two nations have grown steadily across a variety of fields.
They have maintained high-level exchange visits including the most recent visit to Malaysia by President Truong Tan Sang in 2011 and Vice President Nguyen Thi Doan’s Malaysia trip in 2013 for the Global Summit of Women (GSW).
Malaysia is Vietnam’s ninth biggest trade partner. Last year’s two-way trade turnover reached US$7.9 billion and hit US$3.6 billion in the first five months of 2013.
Malaysia currently ranks 8th among the countries and territories investing in Vietnam with 448 projects capitalized at US$10.2 billion. Vietnam now has 9 Malaysia-based investment projects with a total capitalization of US$813 million.
The two countries have signed a Memorandum of Understanding (MoU) on educational cooperation under which Malaysia have provided Vietnamese students with annual scholarships for Bachelor’s and Master’s level studies.
The Malaysian Government opened its labour market for Vietnam in 2002 after reaching a government-level agreement on labour cooperation. There are 80,000 Vietnamese workers living in Malaysia.
Since the Vietnam Oil and Gas Group (PVN) and Malaysia’s national oil company Petronas set up cooperative relations in 1991, both sides have implemented 10 cooperation projects in Vietnam with total exploited reserves of 72,000 barrel per day.
They have also worked together on services, processing industry and oil and gas exploration and exploitation.
Over the years, Malaysia and Vietnam signed a series of cooperation agreements including a visa exemption agreement for ordinary passport holders in 2001, a joint statement on Vietnam-Malaysia comprehensive cooperation framework in 2004 and an anti-corruption agreement in 2010. In addition, a number of MoUs on education, national defence, banking, information technology and communications (ITC) were also reached.
The two countries have increased close cooperation at regional and international forums especially within ASEAN and the UN. They are coordinating joint activities marking the 40th anniversary of diplomatic ties (1973-2013).
Malaysian King Abdul Halim Mu’adzam Shah’s upcoming visit to Vietnam shows both countries’ wish to further strengthen the ties of friendship and all-round cooperation and define major orientations for future relations.
VOV
Vice President Nguyen Thi Doan (L) met Malaysian King Abdul Halim Mu’adzam Shah in 2013
Malaysian King Abdul Halim Mu’adzam Shah and his wife will pay a State visit to Vietnam from September 5-8 at the invitation of President Truong Tan Sang.
Since the Vietnam-Malaysia diplomatic ties were established in 1973, the ties of friendship and multifaceted cooperation between the two nations have grown steadily across a variety of fields.
They have maintained high-level exchange visits including the most recent visit to Malaysia by President Truong Tan Sang in 2011 and Vice President Nguyen Thi Doan’s Malaysia trip in 2013 for the Global Summit of Women (GSW).
Malaysia is Vietnam’s ninth biggest trade partner. Last year’s two-way trade turnover reached US$7.9 billion and hit US$3.6 billion in the first five months of 2013.
Malaysia currently ranks 8th among the countries and territories investing in Vietnam with 448 projects capitalized at US$10.2 billion. Vietnam now has 9 Malaysia-based investment projects with a total capitalization of US$813 million.
The two countries have signed a Memorandum of Understanding (MoU) on educational cooperation under which Malaysia have provided Vietnamese students with annual scholarships for Bachelor’s and Master’s level studies.
The Malaysian Government opened its labour market for Vietnam in 2002 after reaching a government-level agreement on labour cooperation. There are 80,000 Vietnamese workers living in Malaysia.
Since the Vietnam Oil and Gas Group (PVN) and Malaysia’s national oil company Petronas set up cooperative relations in 1991, both sides have implemented 10 cooperation projects in Vietnam with total exploited reserves of 72,000 barrel per day.
They have also worked together on services, processing industry and oil and gas exploration and exploitation.
Over the years, Malaysia and Vietnam signed a series of cooperation agreements including a visa exemption agreement for ordinary passport holders in 2001, a joint statement on Vietnam-Malaysia comprehensive cooperation framework in 2004 and an anti-corruption agreement in 2010. In addition, a number of MoUs on education, national defence, banking, information technology and communications (ITC) were also reached.
The two countries have increased close cooperation at regional and international forums especially within ASEAN and the UN. They are coordinating joint activities marking the 40th anniversary of diplomatic ties (1973-2013).
Malaysian King Abdul Halim Mu’adzam Shah’s upcoming visit to Vietnam shows both countries’ wish to further strengthen the ties of friendship and all-round cooperation and define major orientations for future relations.
VOV
