Prime Minister (PM) Nguyen Xuan Phuc met with ex-President of the Senate of Malaysia Michael Cheng Wing Sum in Ha Noi on Tuesday, saying that Viet Nam defines the promotion of economic and trade ties with ASEAN member states, including Malaysia, as a priority.

Prime Minister Nguyen Xuan Phuc (R) and ex-President of the Senate of Malaysia Michael Cheng Wing Sum (Source: VNA)

Viet Nam always gives priority and support to Malaysian firms doing business in the country, PM Phuc assured.

The Vietnamese state leader also expressed his delight to see Malaysia as one of major trade and investment partners of his country.

A number of Malaysian projects have benefited each country’s socio-economic development, notably the Da Nang industrial park and Phuc Loc Vien residential area in Son Tra District – a joint-venture project between Malaysia’s Massada Land and the city’s Development Investment Fund.

As Viet Nam is accelerating banking restructuring, the PM wished for support in both capital and technology from Malaysia, and believed that the CIMB bank, which has recently been licensed to operate in Viet Nam, will run effectively and bring benefits to both sides.

He also expressed welcome to other Malaysia banks to the country.

In reply, Mr Cheng Wing Sum said he would like the Vietnamese government to continue providing support for Malaysian businesses in Viet Nam.

Speaking highly of Da Nang’s economic prospects, Mr Cheng Wing Sum expressed keen interests in launching urban development projects in the city, and becoming a partner of Da Nang, and Viet Nam as whole.

(Source: VNA/ Da Nang Today)