Friday, 24 December 2010

Cambodia trade needs investment

via CAAI

December, 24 2010

TAY NINH — Viet Nam and Cambodia have yet to fully tap their bilateral investment and trade potential due to poor infrastructure in border areas and lack of information on investment and trade opportunities, a provincial official said.

Though trade between the two countries is rising by more than 30 per cent annually, Cambodia remains a promising market for Vietnamese firms, Do Thanh Hoa, director of the southern Tay Ninh Province's Department of Industry and Trade, told a conference held on Wednesday.

Trade between the two countries is expected to reach US$1.7 billion this year. Vietnamese firms blamed the low exports on the shortage of commercial centres, warehouses, and showrooms in border areas.

Poor transportation and communications, unreliable payment systems, and insufficient information on investment and trade opportunities also made it difficult for them to export to the neighbouring country, they said.

Many Vietnamese companies have, however, invested in Cambodia in rubber plantations, information and communications, banking and supermarket. — VNS

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