Vietnamese Ambassador to Cambodia Vu Quang Minh (Photo: VNA)Phnom Penh (VNA) – A Vietnam – Cambodia businesscooperation forum was held in Phnom Penh on December 6, focusing on how toboost trade efficiency and protect the legitimate interests of enterprises, aswell as experiences in completing procedures for cross-border goods.
This is part of the activities in Cambodia of the caravan toboost connectivity between Vietnamese and Cambodian entrepreneurs, attractingthe participation of major enterprises in the Mekong Delta and Cambodianpartners.
Speaking at the forum, Vietnamese Ambassador to Cambodia VuQuang Minh affirmed that the busy trade and investment promotion activities as wellas tourism between the two countries over the past two weeks manifest the greatattention of their firms to the chances of cross-border trade and investment.
During the function, many questions raised by Vietnameseentrepreneurs concerning business chances, registration procedures, investmentenvironment,, and especially conditions to open economic zones in Cambodia wereaddressed by Cambodian authorities.
The Vietnam – Cambodia trade last year amounted to over 4.7billion USD, increasing 23.8 percent over 2017, and it is forecast to reach 5.2billion USD this year.
By now, Vietnam has had 214 investment projects in Cambodiawith a total capital of over 3 billion USD, of which 176 projects are stillvalid with a combined capital of 2.77 billion USD, becoming one of Cambodia’slargest foreign investors. Meanwhile, Cambodia has 21 investment projects inVietnam with a combined capital of nearly 64 million USD, ranking the 54th among the 132 countries and territories investing in Vietnam./.
This is part of the activities in Cambodia of the caravan toboost connectivity between Vietnamese and Cambodian entrepreneurs, attractingthe participation of major enterprises in the Mekong Delta and Cambodianpartners.
Speaking at the forum, Vietnamese Ambassador to Cambodia VuQuang Minh affirmed that the busy trade and investment promotion activities as wellas tourism between the two countries over the past two weeks manifest the greatattention of their firms to the chances of cross-border trade and investment.
During the function, many questions raised by Vietnameseentrepreneurs concerning business chances, registration procedures, investmentenvironment,, and especially conditions to open economic zones in Cambodia wereaddressed by Cambodian authorities.
The Vietnam – Cambodia trade last year amounted to over 4.7billion USD, increasing 23.8 percent over 2017, and it is forecast to reach 5.2billion USD this year.
By now, Vietnam has had 214 investment projects in Cambodiawith a total capital of over 3 billion USD, of which 176 projects are stillvalid with a combined capital of 2.77 billion USD, becoming one of Cambodia’slargest foreign investors. Meanwhile, Cambodia has 21 investment projects inVietnam with a combined capital of nearly 64 million USD, ranking the 54th among the 132 countries and territories investing in Vietnam./.
VNA
