The Vietnam Embassy in Cambodia will work with relevant agencies and departments to create the optimal conditions for Vietnamese businesses to promote their investment activities in Cambodia.

The assertion was made by Vietnamese Ambassador in Cambodia Ngo Anh Dung, who chaired a meeting with Vietnamese businesses on March 21.

The event drew the participation of about 70 companies investing in Cambodia in the fields of agricultural production, telecommunication, aviation, healthcare and banking.

At the meeting, participants were informed of Cambodia’s socio-economic development over the past years and its legal policies for Vietnamese businesspeople.

Dung further said that Cambodia is an attractive market for foreign investors thanks to its open market economy and relatively clear policies to attract foreign investment.

He also highlighted the sound political relations between Vietnam and Cambodia , which will create favourable conditions for Vietnamese companies to succeed in the country.

The ambassador highly valued the effective business activities of Vietnamese entrepreneurs, which have partly contributed to Cambodia’s social welfare works and to the overseas Vietnamese community.

About 200 Vietnamese companies are operating in Cambodia .

In 2012, bilateral trade reached 3.3 billion USD, and Vietnam became Cambodia ’s second largest trade partner after Thailand.-VNA