Malaysian Minister of International Trade and Industry Zafrul Abdul Aziz said the National Investment Council (MPN) will be established to plan an investment-related agenda and ensure the empowerment of investment governance in the country.

Speaking at the winding up debate on the Supply Bill 2023 at the policy level in Parliament on March 8, the minister said the MPN is chaired by the Prime Minister and the first meeting will be held in the near future.

He affirmed that the establishment of the MPN is important as it coincides with the effort to plan the investment agenda according to the interests of the country, especially related to strategic investment with commitment at the highest level of the country.

Besides, he revealed that the Ministry of International Trade and Industry (MITI) will focus on the goals of the New National Investment Policy based on the National Investment Aspiration (NIA) which involves five main cores and this New Investment Policy also focuses on inclusion and sustainability which is in line with environmental, social and governance (ESG) goals.

Through the Malaysian Investment Development Authority (MIDA), the ministry has established a special unit, called ‘Industrial Estate Unit’, to monitor and develop industrial parks to attract quality investments, he added./.

Source: Vietnam News Agency