Business

Forum to boost Vietnam-Cambodia business links

Vietnam’s embassy in Cambodia organised a business forum on July 15 to encourage Vietnamese and Cambodian enterprises to support each other for cooperation and development.
Vietnam’s embassy in Cambodia organised a business forum on July 15to encourage Vietnamese and Cambodian enterprises to support each otherfor cooperation and development.

Addressing themeeting, Vietnam’s Ambassador to Cambodia Thach Du pointed to thetraditional friendship, geographical proximity and support from the twogovernments as major factors contributing to ever-growing cooperation ineconomics, trade and investment between the two countries over the pastyears.

According to the ambassador, Vietnamesecompanies had poured 3.2 billion USD into 171 projects in Cambodia as ofthe end of April 2015, making Vietnam one of the five biggest investorsin the neighbouring country.

Vietnam isCambodia’s third largest trade partner and the total trade volumereached 3.3 billion USD in 2014 and is expected to rise to 5 billion USDin upcoming years.

Despite impressiveachievements, there is still huge potential for economic cooperationbetween the two countries – leading to the forum’s organisation, Dusaid.

Experts presented a number of reports atthe forum including updated information on priority business fields ineach country as well as experience on establishing an appealinginvestment environment.-VNA
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