Malaysia attaches importance to high-quality investments, start-ups
Six Malaysian ministers on Monday made a joint commitment to ensure a coherent approach to achieve the goal of the Kuala Lumpur 20 Summit 2024 (KL20 Summit 2024) to make Malaysia a vibrant hub for startups and high-quality investments.
Malaysian strives to one of the top 20 global startup hubs by 2030.
The KL20 Summit 2024 is expected to provide a fertile ground for investors and founders to meet - and hopefully sign a deal by the end of the summit. Photo courtesy of malaymail.com.
Speaking at the opening session of the summit, Malaysian Prime Minister Anwar Ibrahim said that the summit will be a forum to create favourable conditions for startups to make high-value investments and encourage them to expand abroad by leveraging on a complete global ecosystem chain.
He stressed that the Malaysian government is determined to support startups through clear policies that encompass the country's visions, strength of resources and investor perspectives.
Anwar, who is also Malaysia's Finance Minister, announced that the Khazanah Nasional - Malaysia's sovereign wealth fund will establish a 3 billion MYR (nearly 630,000 USD) investment fund for the Southeast Asian - Malaysian ecosystem under the ASEAN Investment Initiative, of which 1 billion MYR will be invested in Malaysian innovation companies with high growth rates.
In the field of semiconductors, Anwar revealed plans to build Southeast Asia’s largest integrated circuit (IC) design park in Selangor state. He emphasised that the park is expected to be a place for global companies to cooperate in chip production, like the UK’s Arm.
Earlier, at the summit, Malaysian Minister of Economic Affairs Mohd Rafizi Ramli said that the event will help participants learn about regulations, opportunities and incentives and connect with startups, investors, and advisors. In addition, the summit also highlighted Malaysia's potential as a favourable environment for startups, especially in key sectors such as manufacturing and automation, agricultural technology, clean technology, and Islamic finance.
Held by the Malaysian Ministry of Economic Affairs from April 22-23, the summit attracted more than 50 domestic and international speakers and 3,000 guests
- Read More
Mining giant Vinacomin proposes coal processing, warehouse project in central Vietnam
State-owned Vinacomin, also called TKV, has proposed adjusting the Southeast Quang Tri Economic Zone planning to accommodate its VND800 billion ($30.32 million) coal processing and warehouse project.
Industries - Fri, September 19, 2025 | 8:31 am GMT+7
Vietnam, Russia eye setting up joint venture for maritime transport route
Vietnam and Russia are studying establishing a joint venture operator of a maritime transport route, underscoring their shared commitment to deepening cooperation in shipbuilding, logistics, and maritime infrastructure.
Companies - Thu, September 18, 2025 | 9:31 pm GMT+7
Coteccons consortium wins Long Thanh Airport contract worth $128 mln
HANTA2, a consortium of Coteccons Construction JSC, Hanoi Construction Corporation – JSC and ATAD Steel Structure Corporation, has won the bid for a construction package worth VND3.38 trillion ($128 million) at Long Thanh International Airport.
Companies - Thu, September 18, 2025 | 9:22 pm GMT+7
Vietnam PM orders full disbursement of public investment in 2025
Prime Minister Pham Minh Chinh has requested ministries, central agencies, and localities to ensure 100% disbursement of public investment capital in 2025.
Companies - Thu, September 18, 2025 | 9:18 pm GMT+7
EU, Indonesia to sign trade deal next week
The European Union and Indonesia have finalized a trade agreement that is expected to be signed on September 23.
Southeast Asia - Thu, September 18, 2025 | 9:06 pm GMT+7
The first project at VSIP Can Tho industrial park licensed
Can Tho city's export processing and industrial zones authorities have granted an investment registration certificate for the $100 million Bestway Can Tho sports technology plant project in Vinh Trinh commune.
Industries - Thu, September 18, 2025 | 9:04 pm GMT+7
Lego Manufacturing Vietnam signs direct power purchase agreement with VSIP
Lego Manufacturing Vietnam has signed a Direct Power Purchase Agreement (DPPA) with Vietnam-Singapore Industrial Park (VSIP) as part of the company's ambition to operate its new factory, which opened in April 2025, on 100% renewable energy.
Industries - Thu, September 18, 2025 | 4:07 pm GMT+7
Con Vanh golf course in northern Vietnam to debut in 2028
Huy Hoang Urban Development and Investment JSC aims to put its VND2,156 billion ($81.75 million) Con Vanh golf course project in Hung Yen province into operation in early 2028.
Real Estate - Thu, September 18, 2025 | 3:21 pm GMT+7
No new grade B office supply in HCMC’s CBD until 2028: Knight Frank
No new Grade B office supply is entering Ho Chi Minh City's central business district (CBD), marking a significant shift in the market as developers are forced to build affordable office space further afield, said Knight Frank Vietnam.
Real Estate - Thu, September 18, 2025 | 1:42 pm GMT+7
What are expectations for Vietnam's stock market from Fed rate cut?
The Federal Reserve's interest rate cut is expected to support Vietnam's effort to have its stock market status upgraded by FTSE Russell from "frontier" to "secondary emerging" and attract foreign capital after the strong net selling momentum in recent times.
Economy - Thu, September 18, 2025 | 12:33 pm GMT+7
UOB's latest USD/VND forecast is 26,300 in Q4/2025, 26,200 in Q1/2026
Singaporean bank UOB predicted that the USD/VND exchange rate will be on a decline in the coming quarters to 26,300 in Q4/2025, 26,200 in Q1/2026, 26,100 in Q2/2026, and 26,000 in Q3/2026.
Economy - Thu, September 18, 2025 | 9:07 am GMT+7
Agribank - A Strategic gateway for Vietnam’s carbon credits to global market
Carbon credits are emerging as a valuable form of “green asset.” However, to unlock their full potential and turn it into tangible value, Vietnamese businesses require strong financial backing, technical expertise, and market linkages.
Companies - Thu, September 18, 2025 | 9:05 am GMT+7
Care For Vietnam joins ASEAN forum, signs MoU in New Zealand
Care For Vietnam (CFVN) had the honor to be the only Vietnamese enterprise invited to share insights at the "ASEAN Forum 2025: 50 Years + $50 Billion" held at ANZ Centre in Auckland, New Zealand on August 28.
Companies - Thu, September 18, 2025 | 9:00 am GMT+7
Digital technology transforms Vietnam’s food industry
Amidst robust digital transformation across all sectors, the food processing industry has tapped such digital technologies as Internet of Things, AI, blockchain and Big Data to optimize production processes, control supply chains, and meet consumers’ demands.
Companies - Thu, September 18, 2025 | 8:16 am GMT+7
VPBank issues Vietnam’s first international sustainable bonds
VPBank has become the first bank in Vietnam to successfully issue $300 million in sustainable bonds on the international market.
Companies - Wed, September 17, 2025 | 10:24 pm GMT+7
Vietnam’s private conglomerate Vingroup reclaims market capitalization crown after 5 years
Vingroup has surpassed state-controlled lender Vietcombank to become the largest market capitalization company in Vietnam as its stock price rose 3.5 times in the past seven months.
Companies - Wed, September 17, 2025 | 10:16 pm GMT+7
