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Vietnam keen to open businesses in Cambodia
In recent years, a number of major Vietnamese groups and companies have stepped up their investments in Cambodia, creating a foothold for trade and investment in the country.
During his working visit to Phnom Penh, in Cambodia on July 26, Deputy Prime Minister Truong Vinh Trong met with Cambodia’s Prime Minister Hunsen and National Assembly Chairman Heng Samrin to discuss measures to further strengthen bilateral cooperation in economics, trade and investment in the spirit of neighbourliness, friendship, mutual trust and understanding.
The Cambodian leaders and Deputy PM Trong expressed their delight at the recent positive developments of cooperation in various areas between the two countries.
Over the past few years, remarkable progress has been made in Vietnam-Cambodia economic cooperation with two-way trade turnover increasing by 40 percent a year. Both sides are expected to lift two-way trade turnover to more than US$2 billion by 2010 and US$6.4 billion by 2020.
In recent years, Vietnamese groups and companies have increased their investments in Cambodia’s key areas such as telecommunications, energy, mining and rubber. Investment by the Bank for Investment and Development of Vietnam (BIDV) in Cambodia are a sign of the fine relations between the two countries, said Mr. Trong.
Mr. Trong also hoped that the Royal Cambodian Government and their leaders would continue to create the best possible conditions for Vietnamese businesses to run long-term investments in Cambodia.
Cambodia’s PM and NA Chairman expressed hopes that Cambodian-Vietnamese cooperation will continue to flourish in the future and confirmed the Cambodian Government’s determination to facilitate Vietnamese businesses’ investment in Cambodia for the mutual benefit of each country’s people.
Later in the day, Mr. Trong paid a courtesy visit to the head nun at the Unaloum Pagoda and the BIDV presented hospital beds and medical equipment to the pagoda’s infirmary.
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