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Malaysia-Vietnam trade gets boost

Malaysia is targeting to push its trade volume with Vietnam to US$15 billion (about RM60.6 billion) by next year.

Vietnam-Malaysia Business Association spokesperson Dinh Hai Yen said that for last year, Vietnam’s total export of various goods to Malaysia was US$3.81 billion, while its import from Malaysia was US$1.75 billion.

Dinh added that Prime Minister Tun Dr Mahathir Mohamad was keen to increase bilateral trade, with 12 per cent of it involving vegetables, flowers and fruits.

She added that Malaysia was one of Vietnam’s top ten export markets for fruits, vegetables and flowers, accounting for US$45 million a year.

“There is great scope for the horticultural and floricultural industries for both nations,” said Dinh in conjunction with the ‘3rd HortEx Vietnam 2020’.

Read more at the New Straits Times (Adrian David)

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