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Malaysia eyes 2023 GDP growth through investment, export strategies

The Malaysian Ministry of Investment, Trade, and Industry (MITI) is working towards its 2023 GDP growth target of 4.0 to 5.0% by focusing on investments, exports, and sustainable development. In Q1 2023, approved investments hit USD17.1bn, a YoY increase of nearly 60%. Miti Minister Tengku Datuk Seri Zafrul Abdul Aziz highlighted three strategies: ‘teching’ up industries and SMEs, safeguarding economic resilience through strategic supply chains, and promoting SMEs' resilience with green goals. The ministry aims to achieve net-zero targets by 2050 through new industrial frameworks and policies. Examples of this approach include the Greening Value Chain Programme and the EXIM Go-Export Financing programme, which provide incentives and funding for carbon emission management, green technology, and supply chain ecosystems.


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