At the event (Source: Internet) Hanoi (VNA) – The Vietnam – Cambodia Trade andInvestment Promotion Forum 2019 took place in Phnom Penh on July 9, attractingover 200 delegates from the two countries, especially from southwestern borderprovinces of Tay Ninh, Dong Thap and An Giang.
The event, the first of its kind, was co-organised by theVietnamese Embassy, the Vietnam Trade Office, and the Vietnam Business Club inCambodia.
Representatives from about 100 Vietnamese and Cambodianenterprises discussed business procedures and legal framework with the twonations’ relevant ministries and agencies.
Vice Secretary General of the Council for the Development ofCambodia (CDC) Nut Unvoanra said the event affords the CDC a chance to updatenew policies for Vietnamese enterprises.
He wished that more Vietnamese investors would come toCambodia in the near future, especially those in industry.
Cambodia holds potential in industry and agriculture, hesaid, urging Vietnamese firms to invest more in promising fields.
Speaking highly of the European Union – Vietnam Free TradeAgreement and the EU – Vietnam Investment Protection Agreement signed on June30, he said the deals will help expand Vietnam’s exports.
The two governments set a goal of raising two-way trade to 5billion USD this year, which needs great efforts from the two nations, he said.
The figure topped 4.7 billion USD last year, up 23.8 percentyear-on-year. It rose 19.1 percent to more than 2.3 billion USD in the firstfive months of this year.
Vietnam has so far invested in 214 projects worth upwards 3billion USD, 176 of them valid with a total registered capital of 2.77 billionUSD. The country is now among the top five investors in Cambodia.
Vietnam has been among the largest sources of tourists toCambodia with nearly 900,000 visitors in 2018.
Vietnam and Cambodia have reached a number of economiccooperation agreements, and are preparing to sign a border trade agreement thisyear.-VNA
The event, the first of its kind, was co-organised by theVietnamese Embassy, the Vietnam Trade Office, and the Vietnam Business Club inCambodia.
Representatives from about 100 Vietnamese and Cambodianenterprises discussed business procedures and legal framework with the twonations’ relevant ministries and agencies.
Vice Secretary General of the Council for the Development ofCambodia (CDC) Nut Unvoanra said the event affords the CDC a chance to updatenew policies for Vietnamese enterprises.
He wished that more Vietnamese investors would come toCambodia in the near future, especially those in industry.
Cambodia holds potential in industry and agriculture, hesaid, urging Vietnamese firms to invest more in promising fields.
Speaking highly of the European Union – Vietnam Free TradeAgreement and the EU – Vietnam Investment Protection Agreement signed on June30, he said the deals will help expand Vietnam’s exports.
The two governments set a goal of raising two-way trade to 5billion USD this year, which needs great efforts from the two nations, he said.
The figure topped 4.7 billion USD last year, up 23.8 percentyear-on-year. It rose 19.1 percent to more than 2.3 billion USD in the firstfive months of this year.
Vietnam has so far invested in 214 projects worth upwards 3billion USD, 176 of them valid with a total registered capital of 2.77 billionUSD. The country is now among the top five investors in Cambodia.
Vietnam has been among the largest sources of tourists toCambodia with nearly 900,000 visitors in 2018.
Vietnam and Cambodia have reached a number of economiccooperation agreements, and are preparing to sign a border trade agreement thisyear.-VNA
VNA
