PETALING JAYA: Two economists have sought to allay concerns over Malaysia’s loss of its position to Vietnam as China’s biggest trading partner in Asean.
Woo Wing Thye of the University of California-Davis and Mohd Nazari Ismail of Universiti Malaya said this didn’t mean that something had gone wrong with the Malaysian economy.
There is nothing for Malaysians to worry about, they told FMT.
According to recent reports, China’s trade with Vietnam hit US$11.2 billion in June while its trade with Malaysia was worth US$9.3 billion.