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Vietnam, Cambodia discuss to achieve 5 bln USD trade

Vietnamese and Cambodian experts and investors discussed ways to achieve a 5 billion USD trade by 2015 during a workshop in Phnom Penh, Cambodia on December 15.
Vietnamese and Cambodian experts and investors discussed ways to achievea 5 billion USD trade by 2015 during a workshop in Phnom Penh, Cambodiaon December 15.

Director of the Vietnam Economic ResearchInstitute Tran Dinh Thien updated them with Vietnam’s recent economiclandscape and gave recommendations to Vietnamese investors in Cambodia.

Participantsdiscussed in-depth opportunities and challenges in investing inCambodia, including the potential of Vietnam-Cambodia trade andVietnam’s legal protection in the country.

Vietnam is currentlythe fifth biggest investor in Cambodia with over 3 billion USD worth of129 projects, predominantly in rubber, fertiliser, health care, banking,aviation and telecommunications.

Between 2009 and 2014, growthof two-way trade averages nearly 30 percent per year. InJanuary-October, the total export-import value hit 2.6 billion USD andis forecast to top 3.5 billion USD this year.

The event was co-hosted by the Vietnamese Embassy in Cambodia and the Association of Vietnamese Investors in Cambodia.-VNA
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