Business

Vietnam, Cambodia discuss to achieve 5 bln USD trade

Vietnamese and Cambodian experts and investors discussed ways to achieve a 5 billion USD trade by 2015 during a workshop in Phnom Penh, Cambodia on December 15.
Vietnamese and Cambodian experts and investors discussed ways toachieve a 5 billion USD trade by 2015 during a workshop in Phnom Penh,Cambodia on December 15.

Director of the Vietnam EconomicResearch Institute Tran Dinh Thien updated them with Vietnam’s recenteconomic landscape and gave recommendations to Vietnamese investors inCambodia.

Participants discussed in-depth opportunities andchallenges in investing in Cambodia, including the potential ofVietnam-Cambodia trade and Vietnam’s legal protection in the country.

Vietnamis currently the fifth biggest investor in Cambodia with over 3 billionUSD worth of 129 projects, predominantly in rubber, fertiliser, healthcare, banking, aviation and telecommunications.

Between 2009 and2014, growth of two-way trade averages nearly 30 percent per year. InJanuary-October, the total export-import value hit 2.6 billion USD andis forecast to top 3.5 billion USD this year.

The event was co-hosted by the Vietnamese Embassy in Cambodia and the Association of Vietnamese Investors in Cambodia./.
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