Malaysia-China trade hits nearly 100 bln USD

Malaysia-China economic ties have continued to strengthen, with bilateral trade reaching nearly 98 billion USD between January and November, matching the 2023 total trade volume.

Malaysia-China economic ties have continued to strengthen, with bilateral trade reaching nearly 98 billion USD between January and November, matching the 2023 total trade volume.

Malaysian Minister of Investment, Trade, and Industry Tengku Datuk Seri Zafrul Abdul Aziz said the 6.9% year-on-year growth presents opportunities for further advancement in the years to come.

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Malaysian Minister of Investment, Trade, and Industry Tengku Datuk Seri Zafrul Abdul Aziz addresses the Malaysia - China Summit 2024. (Photo: Malaymail)

In his speech at the Malaysia-China Summit 2024 reception dinner on December 19, Tengku Zafrul said Malaysia’s regard of China as a valuable partner went beyond bilateral ties at multiple critical junctures. Since the Belt & Road Initiative (BRI) was officially launched in 2013, Malaysia has been one of its earliest and most supportive partners.

The minister said after ASEAN was initiated in 1967, Malaysia gradually brought China into the regional fold in the early 1990s, which also saw the kickstart of the China-ASEAN Dialogue.

The summit was organised by Qube Integrated Malaysia in collaboration with the Malaysia External Trade Development Corporation (Matrade) from December 17-19 to celebrate 50 years of Malaysia-China diplomatic ties./.

VNA

The following is a list of selected news summaries reported last night by the Vietnam News Agency.

Indonesian Minister of Industry Agus Gumiwang Kartasasmita announced that three global electric vehicle (EV) manufacturers - France’s Citroen and China’s BYD and AION - have committed to establishing EV manufacturing plants in the Southeast Asian nation.

The Jakarta authorities have allocated approximately 4.1 billion IDR (260,000 USD) for a weather modification programme aimed at mitigating flooding in the city.

With an upbeat export growth projection of about 5% this year, Thailand's Ministry of Commerce and its private sector are optimistic for a further 2-3% growth in 2025, bringing total export value to about 305 billion USD.

The National Counter Terrorism Agency of Indonesia (BNPT) has warned that terrorists in the region and the world are increasingly focusing their attacks on strategic vital objects and transport systems.

Major western aerospace companies are competing to capture market share in Vietnam, seeing this as a potential market for military aircraft and helicopters, reported Canada’s aviation news website flightglobal.com.

Chinese media outlets, including The Paper, CRI, Sohu, Sina, the Guangdong E-Commerce Association's website, and BWC, have published numerous reports and analyses highlighting Vietnam’s remarkable economic achievements in 2024 and its promising outlook for 2025.

Malaysia’s National Sustainable Development Goal Council on December 18 approved the National Environmental, Social and Governance (ESG) Strategic Plan.

The Indonesian government has unveiled a series of economic stimulus packages totaling 827 trillion Rp (51.65 billion USD) for 2025, designed to mitigate economic shocks and address the weakening purchasing power of low- and middle-income groups.

Intending visitors to Thailand will be able to apply online for an e-visa at Thai embassies and consulates worldwide from January 1, 2025.

An investment summit has been held in Preah Sihanouk to promote the potential of the coastal province in southwestern Cambodia to investors.

Malaysia’s electric vehicle (EV) industry is accelerating, with over 100,000 electrified vehicles recorded and more than 3,300 charging stations established nationwide to date, positioning the country as a key regional hub for EV innovation.

The Thai cabinet has approved in principle increasing the number of foreign workers at businesses to deal with labour shortage, according to Thai government spokesman Jirayu Huangsab.

Malaysian police have released a report on the state of commercial crime, revealing that the country is suffering significant economic losses due to illicit trade activities.

Argentinean photographer Jorge Monaco has spent two years to compile a bilingual photo book titled "War Memories" on the war in Vietnam.

The recent “Research X Innovation 2025” conference organised by the Thailand Science Research and Innovation (TSRI), the Office of National Higher Education Science Research and Innovation Policy Council (NXPO) and the World Bank, examined global trends and announced Thailand’s research and innovation direction for 2025.

The Indonesian Government has set a target of eliminating extreme poverty in the country within two years, according to Coordinating Minister for Community Empowerment Abdul Muhaimin Iskandar.

Thailand is gearing up to attract more luxury and high-spending travellers in a bid to stimulate post-pandemic expenditure.

Indonesia is planning to build its first nuclear power plant on Kelasa island in Bangka Belitung province.

Thailand’s National Herbal Policy Committee has approved a plan to elevate the local herbal industry to the international level and develop the health economy and medical services.

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