Thursday, May 25, 2017 - 8:17:59

Vietnam among top five foreign investors in Cambodia

VNA Print

Viettel has become the most valuable communications brand in Cambodia through its Metfone service, with revenue reaching 94 million USD in 2016. (Photo: VNA)

Phnom Penh (VNA) – With 183 valid projects worth 2.85 billion USD by the end of December 2016, Vietnam continues to be among the top five foreign investors in Cambodia. 

Vietnam is now the third biggest trade partner of Cambodia, with two-way trade reaching 3 billion USD in 2016.

In the first two months of 2017, bilateral trade hit 624.1 million, up 21.2 percent compared to the same period last year. The two countries are striving to increase the figure to 5 billion USD.

The figures were released by Vietnamese Ambassador to Cambodia Thach Du at a recent business conference.

He attributed thriving trade ties to the two countries’ friendship, close geographic location and government support, adding that there is potential for further economic cooperation.

Organised by the Vietnam Embassy in Cambodia, the conference gathered some 100 Vietnamese investors in the country, including the Vietnam Rubber Group and Metfone – an arm of the military-run telecommunication group Viettel.-VNA
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