Kuala Lumpur (VNA) – The trade and economic relations between Vietnam and Malaysia will see positive changes after the Regional Comprehensive Economic Partnership (RCEP) agreement is signed, said Professor Hoo Ke Ping, a Malaysian economic and political analyst.
With its participation in the deal, Vietnam and Malaysia will have more opportunities to further strengthen economic, trade and investment cooperation in fields where they hold advantages support each other such as infrastructure, agriculture and food industry, he said.
He cited that Malaysia boasts experience in developing infrastructure, especially expressways, the field that Vietnam has a large demand. Therefore, the two nations can cooperation in this sphere.
Joining RCEP, both countries could also draw more foreign direct investment (FDI), he added.
In addition, capital and financial services are also potential cooperation areas, he said, noting that Malaysia and Cambodia have successfully cooperated in these fields, and this could become a reality between Vietnam and Malaysia./. VNA
- Indonesia hopes RCEP will be signed in 2020
- RCEP deal expected to be signed in late 2020
- 10th Meeting on RCEP expected to bring new change to regional, global trade
- 15 countries including Vietnam sign world’s largest free trade agreement
- RCEP meeting in Hanoi to bring new change to regional, global trade
- Vietnam inks world’s largest trade pact RCEP
- PM Phuc chairs 4th RCEP Summit
- ASEAN+5 expect to sign RCEP Agreement in November
- Vietnam exports 1,600 tons of fragrant rice to Singapore, Malaysia
- ROK submits bill on RCEP for parliamentary approval