30th September, 2009
HCM CITY — Vietnamese companies should focus on their strong points to improve their position in the Cambodian market, heard a meeting held last Friday by the Viet Nam-Laos-Cambodia Association for Economic Co-operation and Development.
Speaking at the meeting held in HCM City to discuss improving Vietnamese business prospects in Cambodia, Deputy Minister of Industry and Trade Le Danh Vinh said: "Viet Nam should increase investment in tropical agricultural produce like coffee, rice, pepper and cashews which are the country’s strengths."
"Besides, rubber and garments are also Viet Nam’s key areas," he said.
Compared to other countries in the region, Viet Nam has an abundant labour force thanks to its young population and it should export labour to the neighbouring nation.
Yeav Kim Hean, commercial counsellor at the Cambodian Embassy in Viet Nam, was delighted at the recent expansion in bilateral co-operation in various areas.
More than 100 Vietnamese companies have a presence in Cambodia, including some big ones like the Viet Nam Rubber Group, Vietnam Airlines, Electricity of Viet Nam, the Bank for Investment and Development of Viet Nam, and the Military-run Telecom Corporation (Viettel).
"The Cambodian Government facilitates investments by foreign companies, including from Viet Nam, in areas like agriculture, small- and medium-sized enterprises, energy, mining, transport and tourism." Hean said.
Phuong Huu Viet, vice chairman of the association, said: "Vietnamese businesses should possess up-to-date information about Cambodian laws, financial and tax policies, and local habits and customs."
Le Minh Dien of the Ministry of Planning and Investment said as of last February, Viet Nam had invested US$211.2 million in 39 projects in Cambodia, $115.9 in the argo-forestry sector, $59.5 million in services, and $35.8 million in the industrial sector.
Vinh said last month the two countries signed a large number of contracts for investment of over $460 million into Cambodia. —VNS
HCM CITY — Vietnamese companies should focus on their strong points to improve their position in the Cambodian market, heard a meeting held last Friday by the Viet Nam-Laos-Cambodia Association for Economic Co-operation and Development.
Speaking at the meeting held in HCM City to discuss improving Vietnamese business prospects in Cambodia, Deputy Minister of Industry and Trade Le Danh Vinh said: "Viet Nam should increase investment in tropical agricultural produce like coffee, rice, pepper and cashews which are the country’s strengths."
"Besides, rubber and garments are also Viet Nam’s key areas," he said.
Compared to other countries in the region, Viet Nam has an abundant labour force thanks to its young population and it should export labour to the neighbouring nation.
Yeav Kim Hean, commercial counsellor at the Cambodian Embassy in Viet Nam, was delighted at the recent expansion in bilateral co-operation in various areas.
More than 100 Vietnamese companies have a presence in Cambodia, including some big ones like the Viet Nam Rubber Group, Vietnam Airlines, Electricity of Viet Nam, the Bank for Investment and Development of Viet Nam, and the Military-run Telecom Corporation (Viettel).
"The Cambodian Government facilitates investments by foreign companies, including from Viet Nam, in areas like agriculture, small- and medium-sized enterprises, energy, mining, transport and tourism." Hean said.
Phuong Huu Viet, vice chairman of the association, said: "Vietnamese businesses should possess up-to-date information about Cambodian laws, financial and tax policies, and local habits and customs."
Le Minh Dien of the Ministry of Planning and Investment said as of last February, Viet Nam had invested US$211.2 million in 39 projects in Cambodia, $115.9 in the argo-forestry sector, $59.5 million in services, and $35.8 million in the industrial sector.
Vinh said last month the two countries signed a large number of contracts for investment of over $460 million into Cambodia. —VNS
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