Malaysian Prime Minister Dato Sri Ismail Sabri bin Yaakob officially visited Vietnam for the first time starting Sunday.
He was received by Prime Minister Pham Minh Chinh at the Presidential Palace in Hanoi. They later exchanged dialogue at the governmental headquarters.
Prime Minister Pham Minh Chinh (R) receives Malaysian Prime Minister Dato Sri Ismail Sabri bin Yaakob at the Presidential Palace in Hanoi, March 21, 2022. Photo courtesy of the government news portal
Yaakob’s visit, along with other high-ranking officials, lasts from Sunday to Monday. It is the first time that Yaakob officially visits Vietnam since he took office in August 2021, according to the government news portal.
Yaakob’s visit came as Vietnam and Malaysia move towards the 50-year anniversary of diplomatic relations in 2023. The two countries have spent seven years as strategic partners.
Malaysia is Vietnam’s second largest commercial partner in ASEAN, and ninth largest in the world. Vietnam is Malaysia’s third largest commercial partner in ASEAN.
Bilateral trade turnover between the two countries reached $12.5 billion in 2021, a 25.3 percent increase from the same period in 2020.
Vietnam has 21 active investment projects into Malayisa, worth $853 million in total. There are around 1,000 Vietnamese students in Malaysia.
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