Vietnamese businesses investing in Cambodia received compliments on their contributions to economic growth of the homeland in 2015 at a get-together hosted by the Vietnamese Embassy in Cambodia in Phnom Penh on January 8.
In his speech, Ambassador Thach Du praised achievements made by Vietnamese firms in the year, urging the firms to further enlarge their operation in the future, as they are contributing to the promotion of bilateral ties.
He briefed participants on current Vietnamese-Cambodian cooperation, and the host country’s policies and laws for investors and entrepreneurs, including those from Vietnam.
Attendees mentioned difficulties and challenges facing their businesses related to regulations of goods temporarily imported for re-export , tax, competition and trade fraud.
They underlined the need to further enhance coordination between Vietnamese and Cambodian authorities in implementing agreements of economic, trade and investment agreements signed between the two nations. The focus is on loosening trade barriers.
Participants also suggested promoting closer connection among Vietnamese firms operating in Cambodia and increasing the provision of consultancies and advice for expat enterprises in assessing projects, which for investment.
Vietnam was among the top five countries pouring investment into Cambodia in 2015, with a total registered capital of around US$3.2 billion. Two-way trade reached US$3.06 billion as of November 2015, up 0.41% against the previous year.