Vietnamese and Cambodian businesses inked a host of economic deals and investment agreements worth over 400 million USD during their talks on investment in Phnom Penh on August 14.

The talks brought together officials from Cambodian ministries, sectors and localities which house Vietnamese invested projects, and leaders of 20 Vietnamese groups and corporations which are interested in investment in Cambodia .

Cambodian Standing Deputy Prime Minister Men Sam On was present at the talks, which was jointly held by the Council for Development of Cambodia (CDC) and the Bank for Investment and Development of Vietnam (BIDV).

CDC Secretary General Sok Chenda pledged that the Cambodian Government will do its best to provide possible assistance to Vietnamese businesses when they invest in Cambodia .

The CDC official pointed to the need to speed up the two countries’ economic ties to be on a par with their political ties and time-honoured traditional friendship.

Vietnamese businesses have increased their investment in Cambodia in recent years, with their total investment in the first half of this year rising 80 percent compared with the same period last year.
On this occasion, BIDV Chairman Tran Bac Ha was elected to be the head of a board that will lobby for the establishment of the Vietnamese investors’ association in Cambodia./.