A workshop was held in Phnom Penh, Cambodia on April 7 to increase Vietnamese investments in the country.
The event, hosted by the Vietnam Embassy in Cambodia, saw theparticipation of Deputy Minister of Industry and Trade Nguyen Cam Tu,Vietnamese Ambassador to Cambodia Thach Du and representatives from theAssociation of Vietnamese Investors in Cambodia (AVIC), banks andbusinesses.
Du highlighted Vietnamese investors’efforts in the host country as contributing to Cambodia’s economicdevelopment and fostering the traditional friendship between the twonations, especially in the context of the formation of the Associationof Southeast Asian Nations (ASEAN) Economic Community (AEC) in 2015.
Participants heard reports presented by MinisterCouncillor to Cambodia Lai Xuan Chien on the local business climate withfocus on the political, social and economic situation of the country.
They also highlighted difficulties in doingbusiness in Cambodia and suggested the Ministry and the Government ofVietnam create more favourable conditions for their investment inCambodia.
For his part, Tu highlighted thesignificance of the event in facilitating Vietnamese investment in thecountry and expressed his hope that investors would be equipped toimprove their business operations, contributing to strengthening tradeand friendship between the two nations.
Trade between Vietnam and Cambodia exceeded 3 billion USD in 2014 with Vietnamese exports hitting 2.66 billion USD.
Vietnam is Cambodia’s fourth largest trade partner with 129 validprojects in finance and banking, agriculture, healthcare,telecommunications and traffic, among others.-VNA
The event, hosted by the Vietnam Embassy in Cambodia, saw theparticipation of Deputy Minister of Industry and Trade Nguyen Cam Tu,Vietnamese Ambassador to Cambodia Thach Du and representatives from theAssociation of Vietnamese Investors in Cambodia (AVIC), banks andbusinesses.
Du highlighted Vietnamese investors’efforts in the host country as contributing to Cambodia’s economicdevelopment and fostering the traditional friendship between the twonations, especially in the context of the formation of the Associationof Southeast Asian Nations (ASEAN) Economic Community (AEC) in 2015.
Participants heard reports presented by MinisterCouncillor to Cambodia Lai Xuan Chien on the local business climate withfocus on the political, social and economic situation of the country.
They also highlighted difficulties in doingbusiness in Cambodia and suggested the Ministry and the Government ofVietnam create more favourable conditions for their investment inCambodia.
For his part, Tu highlighted thesignificance of the event in facilitating Vietnamese investment in thecountry and expressed his hope that investors would be equipped toimprove their business operations, contributing to strengthening tradeand friendship between the two nations.
Trade between Vietnam and Cambodia exceeded 3 billion USD in 2014 with Vietnamese exports hitting 2.66 billion USD.
Vietnam is Cambodia’s fourth largest trade partner with 129 validprojects in finance and banking, agriculture, healthcare,telecommunications and traffic, among others.-VNA
