Vietnamese firms in Cambodia foster connections

Representatives from about 50 Vietnamese enterprises and Khmer businesses of Vietnamese-origin gathered in Phnom Penh on January 16 to share their experience in operating and investing in Cambodia and foster their connections.
Vietnamese firms in Cambodia foster connections ảnh 1An overview of the meeting (Photo: VNA)
Phnom Penh (VNA) – Representatives from about 50Vietnamese enterprises and Khmer businesses of Vietnamese-origin gathered in Phnom Penh onJanuary 16 to share their experience in operating and investing in Cambodia andfoster their connections.

Addressing the event, Vietnamese Ambassador to CambodiaNguyen Huy Tang said the embassy wanted to learn about difficulties that thebusinesses are facing and listen to their proposals, thus advising authorisedagencies in Cambodia and at home to seek measures.

Highlighting the development of the Vietnam-Cambodia relations in2023 and forecasting the situation in 2024, First Secretary of the VietnameseEmbassy in Cambodia Tuan Nguyen Tien said that continuing the growth trend of2023, the Cambodian economy is forecast to expand in a fast and sustainablemanner, becoming a bright spot in ASEAN.

To fulfil the target of drawing more than 6 billion USD inforeign direct investment in 2024, Cambodia is likely to continue to call onforeign firms to invest in prioritised areas such as agricultural product processing,high technology, industrial production, clean energy, tourism andinfrastructure construction, he said.

At the event, leaders of the businesses proposed a number of measures tosupport investment activities in the country. They showed their hope to form anetwork of Vietnamese firms in the neighbouring country to enhance mutualsupport.

Ambassador Nguyen Huy Tang hailed the efforts of Vietnamese businesses overthe years, and expressed his hope that in 2024, they will enjoy more successes inCambodia, a promising market for foreign investors in general and those fromVietnam in particular.

The diplomat asked the Vietnamese Business Club in Cambodia (VBCC) to promptlyfinalise procedures to establish a Vietnam-Cambodia Business Association (VCBA)to serve as a connecting point and a support venue for Vietnamese firms in thecountry.

He also reminded Vietnamese enterprises to speed up digitaltransformation and strengthen their linkages for common development.

VBCC Interim President Oknha Leng Rithy introduced operationplans of the club in 2024 as well as the procedures to establish the VCBA togive better support to business and investment activities of Vietnamese firmsin Cambodia./.
VNA

See more

Industrial factories in Tan Uyen city, the southern province of Binh Duong (Photo: VNA)

Investors upbeat about Vietnam’s industrial property market

Investors are bullish on Vietnam's industrial property market growth on the back of the nation's strategic location, sound infrastructure, and increasing demand for industrial space, particularly industrial parks that meet green standards, according to market research.

Vietnamese Ambassador to Belgium and head of the Vietnamese Delegation to the EU Nguyen Van Thao addresses the forum (Photo: VNA)

Forum connects Vietnamese, Belgian busineses

The Vietnam-Belgian business forum took place in Brussels on October 23, offering a chance for enterprises of the two countries to introduce their products and explore new cooperation opportunities.

The expos cover over 6,000 sq.m, drawing over 210 exhibitors from 10 countries and territories. (Photo: VNA)

Hanoi hosts textile & garment, fabric garment accessories expos

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Representatives from Vietnamese and Lao agencies, localities and businesses at the opening ceremony of the Vietnam-Laos trade fair 2024 in Xiengkhouang province. (Photo: VNA)

Vietnam, Laos step up trade, tourism promotion

A Vietnam-Laos trade fair was kicked off in Phonsavanh township in Xiengkhouang province of Laos on October 23 as part of activities to celebrate the 75th anniversary of the traditional day of Vietnamese volunteer soldiers and experts in Laos (October 30, 1949 – 2024).

Illustrative photo (Photo: chinhphu.vn)

Vietnamese goods enter US through global supply chain

The Saigon Co.op Distribution Company Limited (SCD) - a member of the Ho Chi Minh City Union of Trade Cooperatives (Saigon Co.op), and STC Natural Vina Company on October 23 held a hand-over ceremony for goods that will be exported to the US.

Vietnam’s lobsters have clawed their way back onto Chinese menus after a suspension. (Photo: VNA)

Vietnam’s lobsters claw back prominence in China

Vietnam’s lobster export to the Chinese market in January-September rose 33 folds year-on-year on the back of lower prices and stronger trade ties between the two nations, the South China Morning Post said on October 22.