16/07/2015 12:00 GMT+7 Email Print Like 0

Forum to boost Vietnam-Cambodia business links

Phnom Penh, July 15 (VNA) – Vietnam’s embassy in Cambodia organised a business forum on July 15 to encourage Vietnamese and Cambodian enterprises to support each other for cooperation and development.

Addressing the meeting, Vietnam’s Ambassador to Cambodia Thach Du pointed to the traditional friendship, geographical proximity and support from the two governments as major factors contributing to ever-growing cooperation in economics, trade and investment between the two countries over the past years.

According to the ambassador, Vietnamese companies had poured 3.2 billion USD into 171 projects in Cambodia as of the end of April 2015, making Vietnam one of the five biggest investors in the neighbouring country.

Vietnam is Cambodia’s third largest trade partner and the total trade volume reached 3.3 billion USD in 2014 and is expected to rise to 5 billion USD in upcoming years.

Despite impressive achievements, there is still huge potential for economic cooperation between the two countries – leading to the forum’s organisation, Du said.

Experts presented a number of reports at the forum including updated information on priority business fields in each country as well as experience on establishing an appealing investment environment.