Vietnamese business community in Cambodia contributes to homeland’s growth

Last year, Vietnamese businesses investing in Cambodia have actively contributed to homeland's economic growth

In his speech a get-together hosted by the Vietnamese Embassy in Cambodia in the capital of Phnom Penh on January 8th, Vietnamese Ambassador Thach Du praised achievements made by Vietnamese firms in the year, urging the firms to further enlarge their operation in the future, as they are contributing to the promotion of bilateral ties.

Attendees mentioned difficulties and challenges facing their businesses related to regulations of goods temporarily imported for re-export, tax, competition and trade fraud.

They underlined the need to further enhance coordination between Vietnamese and Cambodian authorities in implementing agreements of economic, trade and investment agreements signed between the two nations. The focus is on loosening trade barriers.

Participants also suggested promoting closer connection among Vietnamese firms operating in Cambodia and increasing the provision of consultancies and advice for expat enterprises in assessing projects, which for investment.

In 2015, with a total registered capital of around USD3.2 billion, Vietnam was among the top five countries pouring investment into Cambodia. Two-way trade reached USD3.06 billion as of November 2015, up 0.41 percent against the previous year./.

( VNF )