Malaysia on track to achieving Vision 2020

Malaysia’s surge from once a nascent developing economy to what it is now is described by some US experts as an “advanced emerging economy”, is a reminder that the country is transiting to becoming a fully developed nation by the year 2020, a goal that is embedded in the Malaysian government’s Vision 2020.

The level of development and sophistication characterising Malaysia’s economy today was also highlighted by Datuk Seri Abdul Wahid Omar, the Minister in the Prime Minister’s Department, who is currently visiting New York with a delegation of 14 Malaysian companies showcased under the Invest Malaysia USA (IMUS) 2013 roadshow to attract portfolio investors from the United States to Malaysia’s capital market.

Abdul Wahid is also accompanied by Datuk Tajuddin Atan, the Chief Executive Officer of Bursa Malaysia, and Datuk Abdul Farid Alias, President and Chief Executive Officer of the Maybank Group.

Maybank, Malaysia's largest bank, has organised IMUS 2013 in collaboration with Bursa Malaysia.

"In line with the goal of making Malaysia a developed country by 2020, we underlined our objectives to increase the country’s per capita income from US6,750 to US$15,000 in 2020.

Currently, we are around US$10,000 and are on track to achieving the US$15,000 income target by 2020.

This is an all-inclusive income growth we are trying to achieve," Abdul Wahid said in an interview with Bernama in New York.