VN-Cambodia forum for business cooperation scheduled for December

Nov 5th at 08:01
05-11-2019 08:01:14+07:00

VN-Cambodia forum for business cooperation scheduled for December

A Vietnam-Cambodia business cooperation forum is scheduled to take place in Cambodia from December 5-8 with the participation of 180 businesspeople, it was announced at a press conference in the Vietnamese Mekong Delta city of Can Tho last week.

To be organised by the Can Tho chapter of Vietnam Chamber of Commerce and Industry (VCCI) and Tien Giang entrepreneurs’ club in Ho Chi Minh City, the forum, the first of its kind in Cambodia, is expected to open up economic, trade and investment opportunities for the two countries’ businesses.

VCCI Can Tho director Nguyen Phuong Lam said Cambodia borders four Mekong Delta provinces, including An Giang, Kien Giang, Dong Thap and Long An. Trade and investment ties between the two countries have seen positive changes in recent years.

Vietnam currently has more than 200 projects worth in excess of $3 billion in Cambodia, while the Kingdom poured $64 million into projects in Vietnam.

Two-way trade neared $4 billion in the first nine months of this year and is expected to hit $5 billion by next year.

Lam said VCCI Can Tho plans to hold an annual event rotating between Cambodia and the Mekong Delta to boost trade and investment between the two nations.

phnompenh post



NEWS SAME CATEGORY

Cambodia seeking stronger economic, trade ties with US

The Cambodian government has called on more US investors to build economic and trade relations with the Kingdom, the Ministry of Commerce said.

GIZ fund of $4.5M to reinforce Kingdom’s SMEs

German international development organisation Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) will provide $4.5 million in aid to promote a small- and...

Cambodia slides anew in WB’s ease of doing business rankings

Cambodia's ranking in the ease of doing business index has slipped four years in a row since 2016, said the World Bank’s Doing Business 2020 report released on...

ADB set to provide $1.45B to aid growth

The Asian Development Bank (ADB) has announced that it will provide $1.45 billion to support a new five-year country partnership strategy (CPS) and help the Kingdom...

IMF: Cambodia’s economic growth to be highest in Asean

Cambodia's economic growth is projected to be highest in the Asean region despite facing several challenges, the International Monetary Fund (IMF) said.

MFIs propelling economic growth in rural Cambodia

The microfinance sector has contributed significantly to rural economic growth, even as industry insiders call for more efficient lending, said Cambodia...

Cambodia, Turkey set to grow bilateral trade to $1B annually

Cambodia and Turkey have renewed their pledge to boost bilateral trade and investments to $1 billion annually, the Ministry of Commerce said.

Competitiveness, diversification plan underway, says IMF

The government is proactively addressing economic risks and uncertainties through a structural reform plan aimed at improving competitiveness and diversification...

CDC approves $22.5B in projects over 44 months

Cambodia approved a total of 831 investment projects worth more than $22.56 billion between January 2016 and August this year, according to data released on...

World Bank: Challenges facing the Kingdom

Cambodia’s economy currently faces challenges including credit growth in the construction and real estate sectors, rising indebtedness and the possible withdrawal...


MOST READ


Back To Top