The Vietnamese Government and the State Bank of Vietnam (SBV) alwaysgive priority to create favourable conditions for Vietnamese businessesto invest in Cambodia, SBV Governor Nguyen Van Binh said.
Binh made this statement at a presentation held on Mar. 29 inCambodian capital city of Phnom Penh by the SBV, the VietnameseEmbassy in Cambodia and the Association of Vietnamese Investors inCambodia (AVIC), with the participation of about 50 businessesoperating in Cambodia .
The governor said thatmany Vietnamese banks had branches in Cambodia , including MilitaryBank (MB), Saigon Commercial Bank (Sacombank), Saigon Hanoi CommercialJoint Stock Bank (SHB) and Bank for Investment and Development ofVietnam (BIDV).
The SBV will continue licensingVietnam ’s major commercial banks to open new branches in Cambodia ,to support payment and capital borrowings for businesses, he said.
Vietnamese Ambassador to Cambodia Ngo Anh Dung called for theinvestment of Vietnamese enterprises in the neighbouring country. Hesuggested that Vietnamese businesses should carefully study Cambodia’s market, and strictly follow Vietnamese and Cambodian laws.
At the event, President of the AVIC Tran Bac Ha also said Vietnam ’sinvestments in Cambodia have initially gained remarkableachievements; however, there are still difficulties and challenges,adding that it is necessary to hold an annual dialogue to promoteadvantages and solve difficulties.
According to AVICreports, Vietnam ’s investment in Cambodia has increased rapidlysince late 2009. Vietnam has 98 projects, double the 2009 figure,with a registered capital of 2.4 billion USD.
Vietnam ranks fourth among foreign investors in Cambodia, followingChina, the Republic of Korea and Australia, focusing on fields ofbanking, energy, transport and tourism.-VNA
Binh made this statement at a presentation held on Mar. 29 inCambodian capital city of Phnom Penh by the SBV, the VietnameseEmbassy in Cambodia and the Association of Vietnamese Investors inCambodia (AVIC), with the participation of about 50 businessesoperating in Cambodia .
The governor said thatmany Vietnamese banks had branches in Cambodia , including MilitaryBank (MB), Saigon Commercial Bank (Sacombank), Saigon Hanoi CommercialJoint Stock Bank (SHB) and Bank for Investment and Development ofVietnam (BIDV).
The SBV will continue licensingVietnam ’s major commercial banks to open new branches in Cambodia ,to support payment and capital borrowings for businesses, he said.
Vietnamese Ambassador to Cambodia Ngo Anh Dung called for theinvestment of Vietnamese enterprises in the neighbouring country. Hesuggested that Vietnamese businesses should carefully study Cambodia’s market, and strictly follow Vietnamese and Cambodian laws.
At the event, President of the AVIC Tran Bac Ha also said Vietnam ’sinvestments in Cambodia have initially gained remarkableachievements; however, there are still difficulties and challenges,adding that it is necessary to hold an annual dialogue to promoteadvantages and solve difficulties.
According to AVICreports, Vietnam ’s investment in Cambodia has increased rapidlysince late 2009. Vietnam has 98 projects, double the 2009 figure,with a registered capital of 2.4 billion USD.
Vietnam ranks fourth among foreign investors in Cambodia, followingChina, the Republic of Korea and Australia, focusing on fields ofbanking, energy, transport and tourism.-VNA
