Malaysia registered 11 new projects in October, along with US$22 million in newly registered capital, according to the latest data for October from the Ministry of Planning and Investment. This is a significant rise compared to September, which saw only two new projects and US$40 million in newly registered capital.
Year-to-date figures show a total of 35 new projects and US$139.25 million in newly registered capital. These figures fortify Malaysia’s strong and growing role in Vietnam’s economic development, particularly in sectors such as manufacturing and processing.
Of note, several major Malaysian companies have a significant presence in Vietnam. Petronas, the Malaysian national oil and gas company, operates in Vietnam’s energy sector, focusing on exploration, production, and providing energy solutions. Top Glove, one of the largest manufacturers of rubber gloves, also has production facilities in Vietnam, catering to the growing demand for medical and consumer products.
Additionally, Axiata, a leading telecommunications company, has investments in Vietnam’s telecommunications infrastructure, contributing to the development of the country’s digital landscape. These companies represent Malaysia’s diverse investments in Vietnam, spanning sectors from energy and manufacturing to telecommunications and healthcare.
See also: Vietnam FDI Tracker by Sector