Vietnam should promote new investment wave in Cambodia: President
Vietnam needs to improve the scale and quality of investment in Cambodia, promoting a new wave of investment, President Nguyen Xuan Phuc stated while meeting Vietnamese Cambodian enterprises on December 22 during his State visit to Cambodia.
President Nguyen Xuan Phuc address at the meeting with Vietnamese Cambodian enterprises during his State visit to Cambodia. (Photo: VNA)
Phnom Penh (VNA) – Vietnam needs to improve thescale and quality of investment in Cambodia, promoting a new wave of investment,President Nguyen Xuan Phuc stated while meeting Vietnamese Cambodianenterprises on December 22 during his State visit to Cambodia.
Phuc listed a series of potential fields for suchinvestment, including real estate, construction, agriculture, retail, tourism,and entertainment.
Praising efforts made the Vietnamese business communities inCambodia to overcome difficulties due to COVID-19, he highlighted theimportance of the Cambodian market, particularly regarding agriculture.
The State leader appreciated Vietnam's new investmenttrend focusing on sustainable areas such as clean energy and growing fruittrees for export.
On behalf of the business community, President of the VietnamBusiness Club in Cambodia (VBCC) Nguyen Thanh Dung thanked the attention paidby the Vietnamese Party, Government, and State for the community in nearlytwo difficult years under the impact of the pandemic.
At the meeting, many of the participating firms expressedtheir concern over a gradual decrease in the number of employees knowing the Vietnameselanguage in most economic sectors, particularly in finance, banking, andtelecommunications.
They proposed that the Vietnamese State and Government increasescholarships for Cambodian students to study in Vietnam, therefore creatingfavorable conditions in terms of human resources for Vietnamese businesses in Cambodia.
They also agreed that it is necessary to have specialpolicies in aid of Vietnamese investors in Cambodia, especially in agriculture,industrial tree cultivation, and aquatic farming.
Over the past decade, many enterprises, such as the VietnamRubber Group or the Truong Hai Agriculture Joint Stock Company, have made effective operations and made significant contributions to the Cambodianeconomy, creating thousands of jobs for local people, as well as effectivelysupporting the relocation and career change of Cambodian people of Vietnameseorigin.
In the afternoon of the same day, President Phuc and hishigh-level entourage left for Vietnam, concluding the two-day State visit at the invitation of Cambodian King Norodom Sihamoni./.
President Nguyen Xuan Phuc on December 21 met with President of the Senate of Cambodia Say Chhum as part of his State visit to the neighbouring country.
President Nguyen Xuan Phuc meets with Cambodian Prime Minister Samdech Techo Hun Sen and Deputy Prime Minister Men Sam An on December 21 in Phnom Penh as part of his State visit to Cambodia.
President Nguyen Xuan Phuc met with Great Supreme Patriarch Samdech Tep Vong and Supreme Patriarch of the Dhammayuttika Nikaya order Samdech Preah Sanghareach Bour Kry of Cambodia on December 22, during his State visit to the country.
President Nguyen Xuan Phuc had a meeting with staff of the Vietnamese Embassy, and representatives of the community of Vietnamese Cambodians in Cambodia on December 22 on the occasion of his visit to the neighbouring country.
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President Nguyen Xuan Phuc address at the meeting with Vietnamese Cambodian enterprises during his State visit to Cambodia. (Photo: VNA) 
