Vietnamese products sell well at trade fairs in Phnom Penh
12/21/2009
(CAAI Newsw Media)
A conference to promote Vietnam’s investment in Cambodia will be held in Hanoi on December 26, the Ministry of Planning and Investment (MPI) announced in Hanoi on December 21.
Vietnamese Prime Minister Nguyen Tan Dung and his Cambodian counterpart Hun Sen will co-chair the conference, said MPI Deputy Minister Do Huy Dong.
At the event, Cambodian officials will introduce their royal government’s foreign investment attraction strategy and incentives to foreign investors, including those from Vietnam.
The business communities of the two countries will share experiences and work out measures to promote cooperation in investment.
Vietnam has invested in 63 projects in Cambodia, with a total registered capitalization of more than US$900 million. In 2009 alone, Vietnamese businesses poured over US$400 million into Cambodia.
Vietnamese-invested projects have proved efficient in Cambodia, mostly in forestry, agriculture, mining, telecommunications, banking and insurance industries.
Currently, Vietnamese businesses are working on big mining projects in Cambodia.
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