PUTRAJAYA: Malaysia and Vietnam are committed to increase trade between the two countries, from the US$10bil expected this year to US$15bil by 2020.
Prime Minister Datuk Seri Najib Tun Razak said Malaysia is the eighth largest investor in Vietnam and has already expressed an interest to further increase investments.
"Our businessmen and corporations are keen to look into new opportunities to increase their investment in Vietnam.
"Almost 50% of that investment comes from Petronas' investment in Vietnam. Today, Petronas and PetroVietnam signed an agreement to extend their exploration activities in Vietnam," said Najib, at a joint press conference on Friday at Perdana Putra with Vietnam Prime Minister Nguyen Tan Dung, who is on an official visit here.
