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Malaysia unlikely to lose its competitiveness to Vietnam

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Publish date: Tue, 15 Jan 2019, 11:01 AM

KUALA LUMPUR: Malaysia will not lose its competitiveness to Vietnam even though it did not ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Malay Economic Action Council (MTEM) researcher Mohd Effuan Aswadi Abdul Wahab said there was no significant proof that there would be an increase in investment once a country signed a free trade agreement (FTA).

“It is said that many companies, especially manufacturing companies will move to Vietnam after the country has ratified the CPTPP as the trade agreement is being seen as opening doors for companies to go to countries which have ratified the FTAs.

“This is certainly not true,” he said in a statement yesterday.

"Investors will certainly look into Malaysia’s economic policies before they make any investment decision and the assurance that Malaysia will not flip flop on its policies,” he said. — Bernama


Read more at https://www.thestar.com.my/business/business-news/2019/01/15/mtem-malaysia-unlikely-to-lose-its-competitiveness-to-vietnam/

 

Discussions
Be the first to like this. Showing 9 of 9 comments

speakup

ya gah?
from the looks of how PH is governing, soon malaysia will export maids to Vietnam.

2019-01-15 11:20

speakup

DID U KNOW MALAYSIA IS ALREADY EXPORTING MAIDS TO SINGAPORE?
YES. THIS IS MALAYSIA'S DIRTY SECRET!

2019-01-15 11:22

KLCI King

30 years ago, we learn from Japan & compete with Singapore, HK, Korea & Taiwan

15 years ago, we learn from Singapore, HK, Korea & Taiwan & compete with China

5 years ago, we learn from China & compete with Indonesia, Philippines & Vietnam

Soon, we learn from Vietnam, Indonesia & Philippines & compete with Cambodia Myanmar Papua New Guinea.

ALAMAK, NEXT TIME WE CAN ONLY COMPETE WITH AFRICAN COUNTRIES. HOW???

2019-01-15 11:31

KLCI King

WORSE STILL, WE LEARN NOTHING ALL THE WAY

2019-01-15 11:32

speakup

and that blurrrr LGE still say our economy is solid!
if so solid, our Ringgit will be US$1 = RM2.50 lah (not US$1 = RM4.10!)
blurrrr finance minister LGE should resign!

2019-01-15 11:47

KLCI King

haha, like it (blurrrrrr LGE)

speakup and that blurrrr LGE still say our economy is solid!
if so solid, our Ringgit will be US$1 = RM2.50 lah (not US$1 = RM4.10!)
blurrrr finance minister LGE should resign!
15/01/2019 11:47

2019-01-15 11:56

GreatDreamer

Malaysia economy is even being attacked by Asean country on all front eg Vietnam (manufacturing), Indonesia (plantation). Since our new govt prefer protection policy, sooner and later, more malaysian will find working overseas is an option If they are not ready for 3D local job.

2019-01-15 12:07

speakup

2020 is just next year!
2020 developed status is just a dream, nothing more.

2019-01-15 14:17

Flying Fox

Ask mahathir on 2020, he will say because of Najib, all are gone

2019-01-15 16:36

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