By
Vietnam News Agency
Thu, August 15, 2024 | 10:56 pm GMT+7
Malaysia’s economy is open and has established cooperative relations with all countries, so it needs to continue playing its role as a “neutral” country with a strong ecosystem in the technology sector to ensure the country remains an investment destination, an official has said.
Buildings in Kuala Lumpur capital of Malaysia. Photo courtesy of AFP/VNA.
Malaysian Minister of Investment, Trade and Industry Zafrul Abdul Aziz said in a TV show on Wednesday that Southeast Asia is neutral, has good demographics, and is a growing, stable, and peaceful economy.
Malaysia and Singapore have been involved in the semiconductor sector for a long time. Malaysia has a good ecosystem, almost complete and mature.
The country recorded approved investments of MYR83.7 billion ($18.9 billion) in various fields in the first quarter, representing an increase of 13% from MYR74.1 billion in the same period last year, he pointed out.
He noted that it expects GDP to grow 5.8% in the second quarter of 2024, with the manufacturing sector growing 4.7%, boosted by the electrical and electronics sector, especially semiconductors.
In terms of trade, Malaysia has 16 free trade agreements, multilateral and bilateral, including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP), the official added.
Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=66be433dc2fe49538bdddec33f76573f&url=https%3A%2F%2Ftheinvestor.vn%2Fmalaysia-needs-to-stay-neutral-to-remain-investment-destination-official-d11805.html&c=4014544335008500685&mkt=en-us
Author :
Publish date : 2024-08-15 04:55:00
Copyright for syndicated content belongs to the linked Source.