Vietnam has surpassed Thailand to become Malaysia's top rice supplier In 2016, Malaysia surpassed Singapore to become Vietnam's second largest trading partner in ASEAN, ranking behind Thailand. In 2019, trade between Vietnam and Malaysia exceeded US$11 billion, accounting for 19 percent of Vietnam's trade value with ASEAN countries. According to Raphy Md. Radzi, Trade Commissioner at the Consulate General of Malaysia Trade Section (Matrade) in Ho Chi Minh City, Malaysia is a fast-growing market economy, ranking 33rd among economies worldwide, third in Southeast Asia and 12th in Asia. The average per capita income is US$11,200. Malaysia has very high demand for agricultural products in which Vietnam holds a significant advantage, such as rice, fruit, vegetables, seafood and pepper. It is also a major importer of textiles, garments, footwear, and office furniture. Nguyen Tuan, Deputy Director of the Ho Chi Minh City Investment and Trade Promotion Center (ITPC), said ITPC is intensifying trade promotion activities and encouraging Vietnamese companies to boost exports to neighboring markets, including Malaysia. Luong Nha Hien, Director of the Beyond World Company Limited, said Malaysia is a major rice importer, with annual demand ranging from 900,000 to one million tonnes. In 2019, Vietnam surpassed Thailand to become… Read full this story
- McDonald's Malaysia Promises To Restock The Durian McFlurry Next Year
- Asian stocks slide as Yen weighs on Japan shares: Markets Wrap
- Oil slicks found in hunt for missing Malaysia jet
- Malaysia's Record Of Exploiting And Mistreating Migrant Workers Is Under Global Scrutiny
- What Has PM Najib Razak Been Saying About Malaysia To Americans?
- Workers In Apple Supplier's Flextronics Plant In Malaysia Used As 'Bonded' Labour
- SL Agritech tests hybrid rice in Malaysia
- Dollar firms on Fed rate hike talk, Trump promises spending boost
- PH karatekas shine in Malaysia meet
- Wacom eyes 90% share of pen tablet market this yr
Malaysia: Promising market for Vietnamese goods have 295 words, post on ven.vn at August 18, 2020. This is cached page on Drudgereport. If you want remove this page, please contact us.