(CAAI News Media)
A conference on promoting Vietnam’s investments in Cambodia will be held in Ho Chi Minh City on December 26 as part of a joint effort to strengthen bilateral relations between the two countries.
The top level meeting with the theme “Promoting Vietnamese investments in Cambodia” will be co-chaired by Prime Minister Nguyen Tan Dung and Cambodian counterpart Hun Sen.
Senior officials from the two countries’ ministries and State agencies will discuss with entrepreneurs about 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 create an opportunity for agencies and investors from both countries to exchange their experiences and increase co-operation when looking for FDI.
According to statistics released by Vietnam’s Ministry of Planning and Investment, Vietnam is currently running 63 projects in Cambodia with a combined registered capital of over US$900 million. Vietnam has invested more than US$400 million 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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