Conference to boost investment in Cambodia
Senior officials from the two countries’ ministries and State agencies will discuss with entrepreneurs Cambodia’s latest strategies and policies for attracting foreign direct investment as well as its incentives for foreign investors, especially Vietnamese businesses.
The conference is expected to provide an opportunity for agencies and investors from both countries to exchange their experiences and increase cooperation when seeking out FDI.
According to statistics released by Vietnam’s Ministry of Planning and Investment, Vietnam currently operates 63 projects in Cambodia with a combined registered capital of over 900 million USD. Vietnam invested more than 400 million USD in Cambodia in 2009 alone.
Cambodia is among the top three destinations for Vietnamese investors out of 50 countries and territories around the world.
Vietnamese projects in Cambodia mainly focus on forestry, agriculture, minerals, telecommunications, banking and insurance.
The conference will include the launching ceremony of the Association of Vietnamese Investors in Cambodia and a branch of the Cambodian Investors Association in Ho Chi Minh City./.
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