Vietnamese and Cambodian companies have entered 13 cooperation deals worth around 400 million USD in total, said the Cambodian Development Council.

The agreements include the establishment of a joint venture between the International Five Star Cambodia and Vietnam’s International Five Star Group and the provision of foodstuff and adding value to export farm products between VinaFood of Vietnam and the Green Trade Company and the Investment and Development Joint Stock Company of Cambodia (IDCC).

The Tran Thai Company also signed a deal with Cambodia’s Gold Foison Company to manufacture MDF plank.

Under the new deals, plants to manufacture sugar, ethanol products, power and NPK fertlizer will also be built in Cambodia.

The Banks for Investment and Development of Vietnam and Cambodia have pledged to provide preferential credits to Vietnamese and joint venture companies to invest in Cambodia./.