Meeting with Vietnamese businesses in Cambodia held

A meeting with Vietnamese businesses took place in Cambodia on December 23.

Addressing the event, Ngo Anh Dung, Vietnamese Ambassador to Cambodia, reviewed the achievements and advantages in multifaceted cooperation between the two countries in 2010.

Two-way trade turnover in the first 11 months of 2010 reached over US$1.5 billion. Vietnam’s exports turnover to Cambodia gained US$1.3 billion, up 36 percent compared to the same period last year.

Currently, Vietnamese investments in Cambodia are worth nearly US$570 million, mainly in such fields as rubber planting, industrial crops, aviation, banking, services and tourism.

At the meeting, Vietnamese businesses expressed their hope that in 2011, the two governments will continue to simplify the trade and investment procedures to increase the value of trade exchange to reach US$2 billion. – VOV

Tags: Vietnam Cambodia trade

Posted by VBN on Dec 24 2010. Filed under Int'l Cooperation. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry