The Minister of Foreign Affairs Malaysia, Dato' Sri Anifah Haji Aman, will undertake an Official Visit to the Socialist Republic of Vietnam from 26 to 28 July 2017 at the invitation of his counterpart, the Deputy Prime Minister and Minister of Foreign Affairs of Vietnam, His Excellency Pham Binh Minh.
Dato' Sri Anifah Haji Aman will co-chair the 5th Joint Commission Meeting (JCM) on Economic, Scientific and Technological Cooperation between Malaysia and Vietnam with his counterpart. This will be followed by the signing of the Agreed Minutes and a press briefing. During the visit, the Minister of Foreign Affairs will also pay a courtesy call on the Prime Minister of the Socialist Republic of Vietnam, His Excellency Nguyen Xuan Phuc.
The JCM has an important role to play in promoting bilateral ties, particularly given the establishment of the Strategic Partnership framework that was announced by the Prime Minister of Malaysia, Dato' Sri Mohd Najib Tun Abdul Razak and the then Prime Minister of Vietnam, His Excellency Nguyen Tan Dung on 7 August 2015. Strategic Partnership lays out a clear framework to enhance bilateral relations and covers areas such as trade and investment, finance, defence and security, agriculture, education, labour, energy, culture, youth and sports, social activities, tourism and transportation.
During the meeting, both Ministers are expected to take stock of the progress in bilateral ties. The Ministers will also discuss and exchange views on current regional and international issues of mutual concern.
Since the establishment of diplomatic relations between Malaysia and Vietnam 44 years ago, bilateral relations between both countries have grown steadily. These relations can be described as broad-based and substantive, with both countries enjoying vibrant cooperative relations in a wide range of sectors namely trade and investment, education, security, defence and people-to-people ties.
Trade between Malaysia and Vietnam increased three-fold over the past 10 years with a total bilateral trade of USD10.3 billion in 2016. Following the agreement to elevate Malaysia-Vietnam relations to Strategic Partnership in 2015, both countries are on course to reach bilateral trade of USD15 billion by 2020. Vietnam's investment in Malaysia in 2016 was recorded at USD156 million, an increase of 42.6% from USD89.6 million in 2015. Malaysia is ranked as the 7th largest FDI contributor in Vietnam with a total registered capital of USD12.3 billion in 2016.
It is hoped that the visit would further strengthen the bilateral relations and provide a platform for Malaysia and Vietnam to build closer rapport and cultivate mutual understanding, and in so doing, further strengthen two fraternal countries.
Source: Ministry of Foreign Affairs of Malaysia