Vietnam boosts investment in Cambodia

11:36 AM @ Thursday - 05 August, 2010
Vietnam has so far run 63 projects in Cambodia with a total investment of 900 million USD, becoming the third largest investor in the country.

Projects involve finance, energy, aviation, telecommunications, agriculture and mining, generating jobs for 30,000 local people, said a workshop on Vietnam-Cambodia trade relations, held in Phnom Penh on August 5 with the participation of 150 businesses from the two countries.

Representatives of the Vietnamese Ministry of Trade and Industry and the Cambodian Trade Ministry introduced the countries’ investment incentives that are aimed at boosting bilateral trade relations.

In the past 10 years, two-way trade between Vietnam and Cambodia increased from 146 million USD in 2001 to 1.33 billion USD in 2009. Trade in the first half of this year reached 862 million USD, including 728 million USD from Vietnamese exports, up 34.2 percent over the same period last year.

Cambodia is one of Vietnam’s key investment destinations. According to the Vietnam Ministry of Planning and Investment, since July 2009 seven Vietnamese-invested projects have been licensed in Cambodia, with a total capital of about 400 million USD./.

(Source: en.vietnamplus.vn)


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