Vietnam and Malaysia have great potential for trade cooperation

Published Dec 6, 2024

Tridge summary

Vietnam and Malaysia are looking to enhance their trade cooperation, with a focus on the export of tra fish (pangasius) from Vietnam to Malaysia. The trade relations between the two countries can be improved through regional trade agreements like the RCEP and CPTPP. Vietnam is the largest supplier of frozen pangasius fillets to Malaysia, accounting for 96% of the country's total imports in this category. The exports of pangasius to Malaysia have seen steady growth, reaching US$31 million in the first 11 months of this year, an increase of over 21% compared to the previous year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

HANOI: Vietnam and Malaysia have great potential to strengthen trade cooperation, especially in the export of tra fish (pangasius/catin) to Vietnam, the Vietnam News Agency (VNA) reported. According to experts, both countries can take advantage of regional trade agreements such as the Regional Comprehensive Economic Partnership (RCEP) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to improve their trade relations. The Vietnam Association of Seafood Exporters and Producers (VASEP) reports that Vietnamese pangasius products are consistently ranked among the most preferred white fish in the global market, including Malaysia. The export of the fish to Malaysia has shown steady growth in recent years. Vietnam's pangasius exports to Malaysia are estimated to reach US$31 million in the first 11 months of this year, with an increase of more than 21 percent compared to last year, according to VASEP representatives. Market expert from VASEP, Nguyen ...

Source: Astroawani