At the event (Photo: VNA) Phnom Penh (VNA) – Representativesfrom nearly 100 firms attended the Vietnam – Cambodia Trade and InvestmentPromotion Forum 2019 held in Phnom Penh on November 22.
The event took place at a timewhen Cambodia’s economy has enjoyed steady growth, reaching 7 percent annuallyover the past two decades while its people’s lives have improved.
About 50 Vietnamese firms andresearch units explored business opportunities and discussed with representativesfrom the Cambodian Ministry of Commerce and the Council for the Development ofCambodia (CDC) about regulations on licensing foreign projects in specificareas.
CDC Deputy Secretary General CheaVuthy answered questions about regulations on land lease in Cambodia foragricultural development, adding that Cambodia wants to develop herbal plantzones to not only serve domestic demand but also exports to regional countries.
Vietnamese Ambassador to CambodiaVu Quang Minh suggested several Vietnamese models, including linkage betweenthe State, farmers, scientists and businesses to facilitate effective andsustainable farm produce production and consumption.
Vice President of the CambodiaChamber of Commerce Oknha Lim Heng proposed that the Vietnamese governmentshould open more border gates to facilitate Cambodian people’s traveling, especiallydevelopment of medical tourism services.
Two-way trade between Vietnam andCambodia hit 4.7 billion USD last year, up 23.8 percent from 2017. The figurereached 4.4 billion USD in ten months of 2019, up 13.8 percent year on year,and is estimated at 5.2 billion USD this year, surpassing the target of 5billion USD set by the two prime ministers one year ahead of schedule.
The two nations have signed anumber of agreements such as a framework agreement on Vietnam – Cambodia economicconnectivity by 2030, an action plan for Cambodia – Laos – Vietnam economicconnectivity, an agreement on double taxation avoidance, a Memorandum ofUnderstanding (MoU) on transport cooperation till 2025 with a vision towards2030.
The Vietnam NationalAdministration of Tourism and the Cambodian Ministry of Tourism signed a MoU ontourism connectivity. On October 27, Cambodia’s airline Angkor Air opened a directroute connecting Phnom Penh and Vietnam’s Da Nang city./.
The event took place at a timewhen Cambodia’s economy has enjoyed steady growth, reaching 7 percent annuallyover the past two decades while its people’s lives have improved.
About 50 Vietnamese firms andresearch units explored business opportunities and discussed with representativesfrom the Cambodian Ministry of Commerce and the Council for the Development ofCambodia (CDC) about regulations on licensing foreign projects in specificareas.
CDC Deputy Secretary General CheaVuthy answered questions about regulations on land lease in Cambodia foragricultural development, adding that Cambodia wants to develop herbal plantzones to not only serve domestic demand but also exports to regional countries.
Vietnamese Ambassador to CambodiaVu Quang Minh suggested several Vietnamese models, including linkage betweenthe State, farmers, scientists and businesses to facilitate effective andsustainable farm produce production and consumption.
Vice President of the CambodiaChamber of Commerce Oknha Lim Heng proposed that the Vietnamese governmentshould open more border gates to facilitate Cambodian people’s traveling, especiallydevelopment of medical tourism services.
Two-way trade between Vietnam andCambodia hit 4.7 billion USD last year, up 23.8 percent from 2017. The figurereached 4.4 billion USD in ten months of 2019, up 13.8 percent year on year,and is estimated at 5.2 billion USD this year, surpassing the target of 5billion USD set by the two prime ministers one year ahead of schedule.
The two nations have signed anumber of agreements such as a framework agreement on Vietnam – Cambodia economicconnectivity by 2030, an action plan for Cambodia – Laos – Vietnam economicconnectivity, an agreement on double taxation avoidance, a Memorandum ofUnderstanding (MoU) on transport cooperation till 2025 with a vision towards2030.
The Vietnam NationalAdministration of Tourism and the Cambodian Ministry of Tourism signed a MoU ontourism connectivity. On October 27, Cambodia’s airline Angkor Air opened a directroute connecting Phnom Penh and Vietnam’s Da Nang city./.
VNA
