More than 100 Vietnamese businessmen operating in Cambodia gathered at a forum in the Cambodian capital city of Phnom Penh on July 27.

The event was jointly held by the Vietnam Ministry of Industry and Trade (MoIT) and the Vietnamese Embassy in Cambodia .

While addressing the forum, MoIT Deputy Minister Le Danh Vinh said Vietnam and Cambodia have entered into many important legal documents such as the Trade Agreement, the Agreement on Trade and Exchange of Goods and Services in Border Areas and the Agreement on Goods in Transit, creating a legal framework for trading activities between the two countries.

As a result, over the past decade, two-way trade revenues increased more than ten times, from 184 million USD in 2001 to 1.8 billion USD in 2010, Vinh said, noting that in the first half of this year alone, the figure stood at over 1.3 billion USD, up 56.7 percent.

In 2011, Vietnamese companies invested into 89 projects in Cambodia with a total registered capital of some 2 billion USD.

Such achievements were attributable to active contributions by the Vietnamese community in Cambodia , including entrepreneurs, Vinh said, considering this a significant factor to boost the friendship between the two countries.

Vietnam has issued many polices to create favourable conditions for Overseas Vietnamese, including those in Cambodia , he said.

Nguyen Van Dinh, Chairman of the Vietnamese Business Association in Cambodia , said Vietnamese businesses in Cambodia , most of them small and medium-sized, are operating well.

Participating enterprises used the occasion to express their wish to access information relating to investment and tax policies as well as customs procedures of Vietnam./.