Business News 28/11/2024, 14:02

Vietnam and Malaysia upgrade relations to Comprehensive Strategic Partnership

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During an official visit to Malaysia, General Secretary To Lam and Malaysian Prime Minister Anwar Ibrahim agreed to elevate bilateral relations to a Comprehensive Strategic Partnership. Both leaders expressed their commitment to strengthening cooperation in security, defense, the digital economy, renewable energy, and emerging industries.

Vietnam and Malaysia upgrade relations to Comprehensive Strategic Partnership

Prime Minister Anwar Ibrahim praised Malaysian businesses operating in Vietnam and expressed hope that Vietnam would continue facilitating Malaysian investors. The two nations set a target to increase bilateral trade turnover to 18 billion USD and beyond, aiming for balanced and mutually beneficial trade. Collaboration in the Halal industry was also encouraged, with businesses urged to expand investments in each other's markets.

The two sides discussed enhancing cooperation in the oil and gas sector to ensure mutual benefits and exploring the possibility of establishing a joint development mechanism in overlapping areas, if necessary. Emerging fields such as the green economy, innovation, clean energy, and digital transformation were prioritized to achieve sustainable development goals.

Defense and security relations were highlighted as a key pillar of the Comprehensive Strategic Partnership. Both sides pledged to strengthen exchanges, dialogue, and coordination at international forums to ensure a peaceful and stable regional environment. Notably, Vietnam and Malaysia committed to working closely to maintain maritime and aviation security in the South China Sea, resolve disputes peacefully, and uphold international law, particularly the 1982 United Nations Convention on the Law of the Sea (UNCLOS 1982).

Vietnam pledged its support for Malaysia's ASEAN Chairmanship in 2025 and expressed readiness to collaborate in advancing ASEAN Community development and the ASEAN Vision 2045. The two sides reaffirmed their commitment to close cooperation at international forums such as the United Nations, APEC, and the Non-Aligned Movement to promote peace, stability, and prosperity in the region.

During the visit, General Secretary To Lam and Prime Minister Anwar Ibrahim witnessed the signing of two important memoranda of understanding: one on trade promotion between the Vietnam Trade Promotion Agency and the Malaysia External Trade Development Corporation, and another on renewable energy between PetroVietnam and Petronas.

General Secretary To Lam emphasized that the Vietnam-Malaysia relationship, rooted in historical and cultural ties and their strategic importance in the region, is entering a new phase of cooperation. The Comprehensive Strategic Partnership will create numerous opportunities for both countries to achieve sustainable development goals, build a resilient and united ASEAN Community, and contribute to regional peace, stability, and prosperity.

TAPCHICONGTHUONG/ TRANSLATOR: NGỌC ÁNH
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