Saturday, August 19, 2017 - 12:47:38

Seminar seeks to support Vietnamese businesses in Cambodia

VNA Print

At the seminar. (Source: VNA)
Representatives from Vietnamese enterprises in Cambodia have called on the Vietnamese Government to create more favourable conditions for them to conduct business in the host country, contributing to boosting bilateral economic, trade and investment ties.

Speaking at a seminar in Phnom Penh on September 29, co-organised by the Vietnamese Embassy, the Vietnamese Business Association in Cambodia (VBAC) and the Association of Vietnamese Investors in Cambodia (AVIC), the businesspeople stressed their demands for connectivity and experience sharing in the neighbouring country.

They also proposed overhauling the VBAC to promote solidarity and create a strong business community that contributes markedly to socio-economic development in both Cambodia and their homeland.

Vietnamese Ambassador Thach Du highlighted the great potential for economic cooperation between the two countries, describing Vietnamese businesses as a key channel to step up economic links in a rapid and sustainable manner, including firms operating abroad.

He asked the VBAC to update its members on the two countries’ new policies and regulations regarding nationality, finance, accounting, and tax and loan access, among others.

The association should team up with the AVIC, business associations at home and commercial offices to give local businesses advice on investment opportunities and organise visits for them to survey the Cambodian market.

Vietnamese Commercial Counsellor Nguyen Bao told the Vietnam News Agency that Vietnam has been listed among Cambodia’s top five largest investors with 171 projects worth 3.2 billion USD by April 2015.

Vietnam is also Cambodia’s third largest trade partner with bilateral trade value reaching 3.3 billion USD in 2014, he said, noting the two countries are striving to bring the figure to 5 billion USD as soon as possible.

Vietnam has taken the lead in terms of the number of tourists to Cambodia in recent years and is seen as a top destination for Cambodian travellers, Bao said.-VNA
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