Vietnamese firms updated on Cambodia’s investment policy
The Cambodian Government’s new policies on investment attraction and facilitation to foreign investors were introduced to Vietnamese enterprises attending the 7th Mekong Forum in Phnom Penh on December 9.
Metfone -Viettel’s subsidiary in Cambodia (Source: panoramio.com)
Phnom Penh (VNA) – The CambodianGovernment’s new policies on investment attraction and facilitation toforeign investors were introduced to Vietnamese enterprises attending the 7thMekong Forum in Phnom Penh on December 9.
Accordingly, the Cambodian Government will neitherrestrict currency trading nor control capital and goods prices, whilemaintaining one-stop-shop services, and import tax exemption for machinery andmaterials.
Representatives from the Vietnamese side alsoupdated participants on the country’s bilateral economic cooperation policies,affirming that the Vietnamese Government always creates favourable conditionsfor and encourage Vietnamese companies to expand investment and business inCambodia.
Hosted by the Vietnam, Laos and CambodiaEconomic Development and Cooperation Association (VILACAED) of Vietnam, theevent is part of activities to mark the 50th founding anniversary ofVietnam-Cambodia diplomatic ties.
It offered a good chance for enterprises fromthe two countries to share information and establish partnerships, contributingto further promoting trade links within the ASEAN Economic Community.
On the occasion, several Vietnamese outstandingenterprises and entrepreneurs were presented with awards in recognition oftheir effective investment and business in Cambodia and remarkablecontributions to the country’s socio-economic development.
Vietnam is one of Cambodia’s leading economicpartners with two-way trade reaching 3.4 billion USD in 2015.
As of May 2016, Vietnamese businesses operated183 projects worth 2.85 billion USD in Cambodia.
Meanwhile, Cambodia ranked second among over 60countries and territories attracting Vietnamese enterprises. Directinvestment from Vietnam in Cambodia has recorded a strong surge, especially inagriculture, forestry, energy, finance-banking, insurance, andtelecommunication.-VNA
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Metfone -Viettel’s subsidiary in Cambodia (Source: panoramio.com) 
