Vietnam has so far this year had 124 investment projects with a combined capital of US$2.5 billion in Cambodia, becoming one of the 5th biggest foreign investors in the neighbor country.
The figures were released at a recent conference reviewing three years of Vietnamese trade and investment promotion in Cambodia, held by the Association of Vietnamese Investors in Cambodia (AVIC) in Phnom Penh.
In 2010, Vietnam had only 41 investment projects totaling US$566 million in Cambodia.
AVIC has set targets of increasing Vietnam’s direct investment in Cambodia to over 4 billion and a two-way trade value of US$5 billion by 2015.
At the conference, Cambodian Deputy PM Men Som An said the Cambodian Government has highly appreciated the punctual implementation of Vietnamese-invested projects in various fields, including finance, banking, aviation, telecommunications, agriculture, healthcare service.
The Government has pledged to create most favorable conditions for Vietnamese investors to produce goods and do long-term business in Cambodia, she said.
- Vietnam big winners in WCup qualifying
- Investors: More than $50M lost in alleged scheme
- Arena investor can now shop for team
- Green praises new investors
- Koufax on Madoff-Mets trial witness list
- List of Dodgers bidders whittled down
- Man United signs DHL as $66M training kit sponsor
- Asian World Cup Qualifying Draw
- Asian teams starts on road to Brazil 2014
- SE Asia misses out on Asian Cup
- Debate over uneven qualifying format for Asian Cup
- China, Iran, Qatar win in WCup qualifying
- J-League looks to extend influence in SE Asia
- Palestinian team in next round of WCup qualifiers
- United agree training kit deal
- Report: Hillary, Obama use Jeter bats as gifts
- PM Phuc arrives in Bangkok for 35th ASEAN Summit
- Master plan to develop Tan Trao national tourism site unveiled
- Ex-UGA coach’s settlement with firm in doubt
- UF’s Elam shows strength in times of tragedy
Vietnam listed in top five investors in Cambodia have 280 words, post on www.vir.com.vn at December 27, 2012. This is cached page on Talk Vietnam. If you want remove this page, please contact us.