PETRONAS VDP focuses on nurturing Bumiputera vendors to be resilient and sustainable to achieve the following objectives:
- Technically competent
- Commercially attractive
- Developing home grown technologies
- Fostering growth and going international
- Candidate for KLSE listing – long term objectives
The custodian of VDP is Ministry of Entrepreneur Development And Cooperative (MEDAC), responsible to regulate the programme and define the eligibility criteria for VDP Vendor which is meeting the SME requirement and minimum of 51% Bumiputera ownership.
VDP has evolved since its inception in 1993. The program has been successfully implemented and undergone various phases of learnings, in tandem with different challenges faced by the industry.
Today, PETRONAS VDP has produced world class Bumiputera companies that are able to compete in global markets with success stories of international footprint in over 30 countries, listed at Bursa Malaysia, awards & accreditation by international and local agencies and invention of Malaysian made products.
|VDP focuses on Import Substitution, Critical Growth and Regional Growth.
|VDPx is an innovative approach to inject new momentum and scale-up SME development in collaboration with main contractors and industry enablers
|VDP InnoTech is designed to embrace Industrial Revolution 4.0, aspire to promote and nurture Bumiputera SMEs for innovation, technology advancement and the ownership of IP wholly or partly to penetrate growth incutting-edge era of technology & digitalization.
For further inquiries on VDP, please email to email@example.com