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Tengku Zafrul: Asean’s next integration stage could draw on Malaysia’s NIMP 2030 principles

SINGAPORE, Sept 21 — Asean’s next stage of economic integration could draw on the principles underpinned by Malaysia’s New Industrial Master Plan (NIMP) 2030, said Malaysian...

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Tengku Zafrul:东盟下一个一体化阶段可以借鉴马来西亚的NIMP 2030原则

The Malaysian Investment Development Authority's chairman, Tengku Datuk Seri Zafrul Abdul Aziz, emphasized that ASEAN's future economic integration could benefit by adopting principles from Malaysia's New Industrial Master Plan (NIMP) 2030.

This plan focuses on enhancing economic complexity, technology adoption, achieving net zero, and ensuring economic security and inclusivity, aligning with the broader Madani Economy framework.

Speaking at the 2026 China-ASEAN Business Leaders Summit, he highlighted the strategic positioning of ASEAN and its potential to leverage diverse economic strengths and talent pools to close the wealth gap and foster regional growth.

Emphasizing a collaborative approach, he advocated for investments that promote skill development and sustainable economic expansion.

SINGAPORE, Sept 21 — Asean’s next stage of economic integration could draw on the principles underpinned by Malaysia’s New Industrial Master Plan (NIMP) 2030, said Malaysian Investment Development Authority (Mida) chairman Tengku Datuk Seri Zafrul Abdul Aziz.

He said NIMP 2030, which was launched in 2023, became a key industrial pillar of the broader Madani Economy framework by aiming to advance economic complexity, accelerate tech adoption, push for net zero, as well as safeguarding economic security and inclusivity.

Tengku Zafrul noted that Asean sits strategically between the East and West, astride some of the world’s most important trading routes.

“We have large consumer markets, abundant resources, growing digital economies and diverse pools of talent.

“Asean received US$226 billion (US$1=RM4.08) in foreign direct investment in 2024, almost twice the level recorded in 2015. The key question is what that investment brings to our people,” he said in his keynote address titled “Beyond Profit: Closing the Wealth Gap as Asean and China’s Greatest Competitive Advantage” at the 2026 China-Asean Business Leaders Summit on Monday.

Meanwhile, he emphasised that manufacturing and industrial development remain crucial to the region as their impact extends across suppliers, logistics, professional services, technology, energy and skills.

“Done right, an investment leaves a legacy of know-how, stronger firms and better-skilled workers. That same principle should guide Asean’s next stage of development,” he added.

Tengku Zafrul highlighted that Asean and China both carry indigenous traditions that already treat shared prosperity as a condition of good business.

According to him, the lesson for Asean and China in the current global landscape is that closing the wealth gap requires the same policy intent that built the growth in the first place.

Both economies have different strengths, different levels of development and different pools of talent, he noted, stressing that regional integration should allow those strengths to reinforce one another while giving companies a larger market and room to grow.

“A stronger regional economy also creates more opportunities for people and businesses to build wealth,” he added. — Bernama

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