Sunday, August 16, 2009

Vietnam, Cambodia sign US$400mln economic deals


Vietnamese and Cambodian businesses signed economic and investment deals worth more than US$400 during their talks in Phnom Penh on August 14.

The conference brought together officials from Cambodian ministries, sectors and localities, and leaders of 20 Vietnamese groups and corporations investing in Cambodia. It was jointly held by the Council for Development of Cambodia (CDC) and the Bank for Investment and Development of Vietnam (BIDV).

CDC Secretary General Sok Chenda vowed that the Cambodian Government will create the best possible conditions for Vietnamese businesses to operate efficiently in the country. He stressed the need to boost the two countries’ economic cooperation on a par with their political ties and the time-honoured friendship.

Vietnamese businesses have increased their investment in Cambodia in recent years, with their total investment in the first half of this year rising 80 percent from a year earlier.

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