Prime Minister Nguyen Xuan Phuc at the event (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc andhis visiting Cambodian counterpart Samdech Techo Hun Sen co-chaired the Vietnam– Cambodia trade and investment promotion conference 2019 in Hanoi on October 4.
About 500 delegates from ministries, agencies and the twocountries’ business communities attended the event.
Addressing the conference, PM Phuc welcomed Cambodianinvestors to Vietnam and asked Vietnamese firms to invest responsibly andsustainably in Cambodia.
PM Hun Sen, for his part, called on Vietnamese firms tocontinue investing in Cambodia in fields of its demand such as agriculture,tourism, transportation, logistics, construction, education and technicaltraining.
He said the Cambodian government is striving to improvebusiness environment via dialogue mechanism between the government andenterprises, cut business costs and devise new draft law on investment andexclusive economic zones.
The Cambodian PM spoke highly of the signing of the Vietnam– European Union free trade agreement and expressed interest in bilateral tradeand transportation, saying that the Cambodian government is studying measuresto further promote the construction and connectivity of expressways in thesouthern economic corridor in the Greater Mekong Sub-region.
According to Minister of Planning and Investment Nguyen ChiDung, Vietnam invested in 178 projects worth nearly 2.8 billion USD in Cambodiaas of September 2019. Cambodia ranked third among the 76 countries andterritories invested in by Vietnam. During the period, the total Vietnameseinvestment in the country neared 50.4 million USD, up 49.5 percent year on year,mostly in agriculture, banking, telecommunications – information technology,manufacturing and processing.
Cambodia also poured 63.7 million USD in 21 projects inVietnam in the fields of agro-forestry-fisheries, trade, transportation,manufacturing and processing. In the first nine months of this year, Cambodia’sinvestment in Vietnam reached 3.2 million USD.
Trade between the two countries is forecast to reach 5billion USD before 2020, he said.
On the occasion, the two leaders signed three memoranda ofunderstanding on trade infrastructure connectivity along border areas,construction and transfer of a model market to Cambodia, and raising two-waytrade.
A memorandum of understanding on cooperation between theVietnamese Ministry of Planning and Investment and the Council for Developmentof Cambodia was also signed./.
About 500 delegates from ministries, agencies and the twocountries’ business communities attended the event.
Addressing the conference, PM Phuc welcomed Cambodianinvestors to Vietnam and asked Vietnamese firms to invest responsibly andsustainably in Cambodia.
PM Hun Sen, for his part, called on Vietnamese firms tocontinue investing in Cambodia in fields of its demand such as agriculture,tourism, transportation, logistics, construction, education and technicaltraining.
He said the Cambodian government is striving to improvebusiness environment via dialogue mechanism between the government andenterprises, cut business costs and devise new draft law on investment andexclusive economic zones.
The Cambodian PM spoke highly of the signing of the Vietnam– European Union free trade agreement and expressed interest in bilateral tradeand transportation, saying that the Cambodian government is studying measuresto further promote the construction and connectivity of expressways in thesouthern economic corridor in the Greater Mekong Sub-region.
According to Minister of Planning and Investment Nguyen ChiDung, Vietnam invested in 178 projects worth nearly 2.8 billion USD in Cambodiaas of September 2019. Cambodia ranked third among the 76 countries andterritories invested in by Vietnam. During the period, the total Vietnameseinvestment in the country neared 50.4 million USD, up 49.5 percent year on year,mostly in agriculture, banking, telecommunications – information technology,manufacturing and processing.
Cambodia also poured 63.7 million USD in 21 projects inVietnam in the fields of agro-forestry-fisheries, trade, transportation,manufacturing and processing. In the first nine months of this year, Cambodia’sinvestment in Vietnam reached 3.2 million USD.
Trade between the two countries is forecast to reach 5billion USD before 2020, he said.
On the occasion, the two leaders signed three memoranda ofunderstanding on trade infrastructure connectivity along border areas,construction and transfer of a model market to Cambodia, and raising two-waytrade.
A memorandum of understanding on cooperation between theVietnamese Ministry of Planning and Investment and the Council for Developmentof Cambodia was also signed./.
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