Viettel has become the most valuable communications brand in Cambodia through its Metfone service, with revenue reaching 94 million USD in 2016. (Photo: VNA)Phnom Penh (VNA) – With 183 valid projects worth 2.85 billion USD by the end of December2016, Vietnam continues to be among the top five foreign investors in Cambodia.
Vietnam isnow the third biggest trade partner of Cambodia, with two-way trade reaching 3 billionUSD in 2016.
In thefirst two months of 2017, bilateral trade hit 624.1 million, up 21.2 percentcompared to the same period last year. The two countries are striving toincrease the figure to 5 billion USD.
The figureswere released by Vietnamese Ambassador to Cambodia Thach Du at a recent businessconference.
Heattributed thriving trade ties to the two countries’ friendship, closegeographic location and government support, adding that there is potential forfurther economic cooperation.
Organisedby the Vietnam Embassy in Cambodia, the conference gathered some 100 Vietnameseinvestors in the country, including the Vietnam Rubber Group and Metfone – an arm of the military-run telecommunicationgroup Viettel.-VNA
VNA
