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Vietnamese expats in Cambodia gather for Tet celebrations

Vietnamese expatriates and businesses in Cambodia gathered at the Lunar New Year (Tet) celebrations in Phnom Penh on January 17, as the biggest Vietnamese traditional festival only about a week away.
Vietnamese expats in Cambodia gather for Tet celebrations ảnh 1At the Lunar New Year (Tet) celebrations in Phnom Penh on January 17 (Photo: VNA)

Phnom Penh (VNA) – Vietnamese expatriates and businesses inCambodia gathered at the Lunar New Year (Tet) celebrations in Phnom Penh onJanuary 17, as the biggest Vietnamese traditional festival only about a weekaway.

Prominent among around 600 guests at the event were Cambodian Prime MinisterHun Sen and Deputy PM Men Sam An.

In his remarks, Vietnamese Ambassador VuQuang Minh laid stress on the big strides of the Vietnam-Cambodia traditionalcollaboration across the fields of economy, defence-security, culture-educationand people-to-people exchange.

Highlight of the cooperation must be the economic-trade relations, with two-waytrade reaching 5.26 billion USD, up 11.9 percent from the previous year, hesaid, adding Vietnam’s investments in Cambodia in agriculture, banking,telecommunications-IT, industrial production and processing-manufacturing,among others, have contributed greatly to social welfare and economic developmentin the host nation.

Addressing the event, PM Hun Sen congratulated Vietnam over its economicachievements in 2019, particularly the signing of the EU-Vietnam Free TradeAgreement (EVFTA) and the Investment Protection Agreement (IPA).

He believed that the pacts bring benefits to not only Vietnam but also regionalcountries, including Cambodia, through the trade, investment and tourismchannels.

The PM affirmed that Cambodia’s economic achievements could not be separatedfrom Vietnam’s investment.

According to statistics from the Council for the Development of Cambodia (CDC),Cambodia licensed 85 Vietnamese projects worth 2.5 billion USD during1994-2019.  Besides, Vietnamesecorporations have poured capital into Cambodia’s banking, insurance, serviceand retail and wholesale.

Regarding tourism sector, Vietnam is the second largest source of foreigntourists in Cambodia. Some 720,000 Vietnamese nationals visited Cambodia duringJanuary-October 2019, increasing 16 percent from the same time in 2018./. 
VNA
#Vietnamese expatriates#businesses#Vietnamese Ambassador Vu Quang Minh#Lunar New Year (Tet) celebrations#Vietnam-Cambodia traditional collaboration#PM Hun Sen#Vietnam News Agency#Vietnamplus
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