Vietnam, Malaysia pledge enhanced economic, trade and investment cooperation

Vietnam and Malaysia have reaffirmed their commitment to strengthening economic, trade, and investment cooperation, with a focus on expanding trade in sectors where both countries hold competitive advantages—including agricultural and aquatic products, food, electronic components, and construction materials, according to a report from the Government News.

The pledge was made during a bilateral meeting on July 6 in Rio de Janeiro, Brazil, ahead of the expanded BRICS Summit, between Prime Minister Pham Minh Chinh and his Malaysian counterpart Anwar Ibrahim.

Both leaders emphasized the importance of generating new momentum to deepen the comprehensive strategic partnership, particularly through the 2025–2030 action program.

They agreed to strengthen collaboration in agriculture, fisheries, food security, energy, oil and gas, and cross-border power transmission among ASEAN countries. Additionally, they committed to expanding cooperation in emerging fields such as the digital economy, circular economy, and green economy.

The two leaders also exchanged views on regional and international issues of mutual concern and pledged to work closely with other ASEAN member states to promote unity, cooperation, and uphold ASEAN’s central role in regional affairs.

Prime Minister Anwar Ibrahim proposed the establishment of a bilateral cooperation mechanism for fisheries and marine resource exploitation, with the active participation of enterprises from both sides.

The two countries also agreed to pursue long-term cooperation in food security, with Vietnam committing to ensure stable rice exports to Malaysia as part of that effort.