Prime Minister Pham Minh Chinh and his Malaysian counterpart Anwar Ibrahim agreed to continue effectively implementing bilateral cooperation mechanisms, and strive to raise bilateral trade turnover to $20 billion by 2030 in a balanced manner during their talks held in Kuala Lumpur on May 25.

They also committed to minimizing trade barriers, facilitating import and export of key potential and strong sectors such as agricultural and aquatic products, food, electronic components, and construction materials, while expanding cooperation in digital economy, circular economy, and green economy.

The leaders concurred to enhance cooperation in various other fields. They said they will consider expediting the signing of new air transport and tourism cooperation agreements, increasing flight frequency, and strengthening partnerships in education, training, labor, agriculture, culture, and sports.

PM Chinh affirmed that Vietnam is ready to supply Malaysia with a stable and long-term rice source and suggested Malaysia help Vietnam in the Halal industry, urging an early signing of a cooperation document in this field.

The bilateral trade reached $14.2 billion in 2024. Malaysia remains among the top 10 foreign investors in Vietnam, with total registered capital exceeding $13 billion.