MITI Pledges Strong Implementation Of 13MP To Drive Sustainable, Inclusive Growth - Tengku Zafrul

KUALA LUMPUR, Aug 5 (Bernama) -- The Ministry of Investment, Trade and Industry (MITI) will ensure that the economic policies under its purview in the 13th Malaysia Plan (13MP) are implemented effectively, said its Minister, Tengku Datuk Seri Zafrul Abdul Aziz. 

In a statement today, he said the move is aimed at driving sustainable and inclusive growth, strengthening government governance, improving quality of life, and creating more opportunities for small and medium enterprises (SMEs). 

“Through these initiatives, MITI is committed to driving the execution of strategic policies to realise 13MP’s aspirations — positioning Malaysia as a global potential powerhouse,” said Tengku Zafrul.

On implementation, he welcomed the enhanced monitoring mechanism under the 13MP via the Policy Implementation Plan (PPD).

“For MITI, implementation is a top priority, supported by initiatives such as the Malaysian Investment Facilitation Centre to ease investor journeys and the Implementation Monitoring Unit for the New Industrial Master Plan (NIMP) 2030. 

“MITI also consistently reports progress and project outcomes through its MITI Report Card, which is presented to the media every three months,” he added. 

As the lead ministry for investment, trade, and industry, MITI welcomed the RM611 billion allocation under 13MP, of which RM227 billion will be channelled towards the economic sector. 

“MITI also views positively the government’s commitment to continue the Strategic Co-Investment Fund (CoSIF) under NIMP 2030 to support investments in high-value sectors,” he said. 

MITI said that the 13MP will be supported by key strategic policies under its portfolio, including the New Industrial Master Plan (NIMP) 2030, National Semiconductor Strategy (NSS), National Investment Aspirations (NIA), Green Investment Strategy (GIS), and the National Industry Environmental, Social and Governance (ESG) framework (i-ESG framework). 

Specifically, MITI will intensify efforts to accelerate the growth of high-growth, high-value (HGHV) sectors through the implementation of NIMP 2030 and NSS. 

Key initiatives include positioning Malaysia as a high-tech semiconductor hub, with the target of reaching RM1 trillion in export value for electrical and electronics (E&E) products by 2030. 

MITI also aims to accelerate the development of halal industrial parks, which are expected to contribute to the national halal export target of RM80 billion by 2030. During the period from January to June 2025, Malaysia’s halal exports totalled RM33.32 billion.

Additionally, MITI plans to strengthen Malaysia’s role as a competitive regional hub for trade, investment, and talent development to realise the “Made by Malaysia” vision. 

The ministry will also drive the country’s sustainable growth agenda through GIS, which outlines seven priority areas, including renewable energy and the circular economy, to enhance investment competitiveness and meet national carbon reduction goals. 

Meanwhile, Malaysia’s global competitiveness continues to improve, with the country climbing 11 spots to 23rd place in the World Competitiveness Ranking 2025. 

MITI emphasised that it is committed to keeping Malaysia on a solid path to achieving 13MP’s goal of becoming one of the world’s top 12 most competitive economies by 2033. To ensure the effective implementation of trade strategies and policies, the ministry will introduce the National Trade Blueprint 2.0. 

The ministry noted that it will continue to encourage industry players and exporters to fully leverage the 18 existing free trade agreements, including the Regional Comprehensive Economic Partnership and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

-- BERNAMA