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Cambodia targets VN investments

Update: April, 08/2015 - 08:10

A workshop held in Phnom Penh yesterday aimed to increase Vietnamese investment in the country. — Photo VNA

HA NOI (VNS) — A workshop held in Phnom Penh yesterday aimed to increase Vietnamese investment in the country.

The event, hosted by the Viet Nam Embassy in Cambodia, saw the participation of Deputy Minister of Industry and Trade Nguyen Cam Tu, Vietnamese Ambassador to Cambodia Thach Du and representatives from the Association of Vietnamese Investors in Cambodia (AVIC), as well as banks and businesses.

Du highlighted Vietnamese investors' efforts in the host country to contribute to Cambodia's economic development and foster the traditional friendship between the two nations, especially in the context of the formation of the Association of Southeast Asian Nations (ASEAN) Economic Community (AEC) in 2015.

Participants heard a report presented by Minister Councillor to Cambodia Lai Xuan Chien on the local business climate, with a focus on the country's politics, society and economy.

They also highlighted difficulties in doing business in Cambodia and suggested that the Ministry and the Government of Viet Nam create more favourable conditions for their investment in Cambodia.

For his part, Tu said the event would facilitate Vietnamese investment in the country and that he hoped investors would be equipped to improve their business operations, strengthening trade and friendship between the two nations.

Trade between Vietnam and Cambodia exceeded US$3 billion in 2014, with Vietnamese exports hitting $2.66 billion.

Viet Nam is Cambodia's fourth largest trade partner with 129 projects in finance and banking, agriculture, healthcare, telecommunications and traffic, and others. — VNS

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