Illustrative image (Photo: VNA)
Malaysia ranked 12th among countries and territories investing in Vietnam in 2018 with total registered capital hitting 435.54 million USD, according to the Vietnamese trade office in Malaysia.
The country pumped 254.76 million USD into 41 new investment projects in Vietnam from the start of 2018 to December 20, while its investors added 27.47 million USD in total to their capital at 13 operating projects.
Malaysian investors also spent 153.31 million USD buying shares in Vietnamese companies.
Malaysia’s accumulated investment in Vietnam as of December 20, 2018, reached nearly 12.48 billion USD in 586 projects, ranking 8th among 129 economies investing in the country.
Two-way trade value of Vietnam and Malaysia in 2018 expanded more than 14 percent on a yearly basis to nearly 11.5 billion USD.
Of the volume, Vietnam’s imports from Malaysia were worth nearly 7.45 billion USD, up more than 27 percent from 2017, while exports dropped to around 4.05 billion USD. As such, Vietnam ran a trade deficit of 3.4 billion USD with Malaysia in the year.
Major imports include petrol and oil, computers, electronics goods and parts, which reached over 1 billion USD.
Meanwhile, some export lines declined in the year, as computer, electronics products and parts from Vietnam experienced a sharp drop of more than 32 percent./.