Pledged Commitment to Inclusive Economic Growth
The Ministry of Investment, Trade and Industry (MITI) will ensure the effective implementation of economic policies under its purview within the 13th Malaysia Plan (13MP), a commitment reaffirmed by Minister Tengku Datuk Seri Zafrul Abdul Aziz. He stated that this commitment is designed to drive sustainable and inclusive growth, improve governance, and most importantly, create more opportunities for small and medium enterprises (SMEs), which are the backbone of the Malaysian economy. The minister emphasized that through these strategic initiatives, MITI is dedicated to fulfilling the core aspirations of the 13MP to position Malaysia as a global powerhouse. This shows a holistic and long-term vision that goes beyond short-term economic gains, aiming to create a more equitable and resilient economy for all citizens. This unwavering dedication to the plan’s successful execution signals a new phase of national development focused on robust and well-governed economic expansion.
Strategic Implementation and Unwavering Transparency
To ensure the effective implementation of the 13th Malaysia Plan, MITI is leveraging an enhanced and comprehensive monitoring mechanism known as the Policy Implementation Plan (PPD). This robust system is designed to provide clear guidance and oversight across all relevant projects. The ministry also supports this with existing and successful initiatives like the Malaysian Investment Facilitation Centre, which works to simplify the investor journey and make Malaysia a more attractive destination for foreign direct investment. Minister Tengku Zafrul added that MITI’s commitment to good governance and transparency is paramount. To that end, the ministry has pledged to consistently report progress and project outcomes to the public on a quarterly basis. This commitment to transparency is intended to build public trust and ensure accountability, which are vital components for the successful execution of any large-scale national development plan and for attracting long-term, high-quality investment.
Ambitious Targets for High-Value Sectors and Global Competitiveness
MITI will support the 13MP with key strategic policies from its portfolio, including the New Industrial Master Plan (NIMP) 2030 and the National Semiconductor Strategy (NSS). These initiatives will intensify efforts to accelerate high-growth, high-value (HGHV) sectors. The ministry has set ambitious targets, such as reaching a substantial RM1 trillion in electrical and electronics exports by 2030 and boosting national halal exports to RM80 billion by the same year through the development of dedicated halal industrial parks. The ministry’s commitment is further bolstered by Malaysia’s improved global standing, which recently saw the country climb 11 spots to 23rd in the World Competitiveness Ranking 2025. Looking ahead, MITI plans to introduce the National Trade Blueprint 2.0 and encourage the use of existing free trade agreements to further strengthen Malaysia’s role as a competitive regional hub, all in pursuit of the 13MP’s long-term goal of becoming one of the world’s top 12 most competitive economies by 2033.
