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VN firms find Cambodia a place to invest

Update: November, 23/2012 - 11:24
Electric cable being produced for exporting to Cambodia at Thinh Phat Co in HCM City. — VNA/VNS Photo Van Khanh
HCM CITY (VNS)— Six provinces in the northwestern region of Cambodia have offered favourable conditions to attract investments from Viet Nam, the governor of Cambodia's Battambang Province, Prach Chann, has said.

Speaking at an investment-promotion seminar held in Battambang Province on Wednesday, Chann said the six northwestern provinces were a large market for Vietnamese goods.

The six northwestern provinces of Cambodia are Battambang, Banteay Meanchey, Oddar Meanchey, Pailin, Pursat and Siem Reap.

Representatives of more than 120 Cambodian and nearly 200 Vietnamese companies joined the seminar to celebrate 45 years of diplomatic relations between Cambodia and Viet Nam.

During the seminar, representatives of provincial authorities of the six provinces and the Cambodian business community praised HCM City's investment and tourism promotions in Cambodia and the six northwestern provinces.

As of October this year, HCM City-based firms had invested in 41 projects with total registered capital of US$313 million, all of which have been licensed by the Cambodian authorities.

Two-way trade between Cambodia and HCM City has increased by 40 per cent annually in the past few years, according to figures from the HCM City People's Committee.

Nguyen Thi Hong, deputy chairwoman of the HCM City People's Committee, said: "The organisation of this seminar and the Vietnamese Goods Fair indicate that HCM City expects to further enhance investment and business cooperation with localities in northwestern Cambodia."

The Vietnamese Goods Fair opened in Battambang on Wednesday night. — VNS

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