Vietnamese Ambassador to Cambodia Nguyen Minh Vu had a working session with Cambodian Deputy Prime Minister and First Vice Chairman Sun Chanthol at the Cambodia Development Council (CDC) on October 2 to boost economic and investment cooperation between the two countries.

Ambassador Nguyen Minh Vu emphasised that Cambodia is among Vietnam’s earliest overseas investment destinations. To date, Vietnam has more than 200 investment projects in Cambodia with total registered capital of nearly US$3 billion, accounting for about 12% of Vietnam’s total overseas investment. Approximately 75% of this capital is in agriculture.

In April this year, the Vietnamese Embassy in Cambodia organised a dialogue with Vietnamese businesses, attracting more than 150 delegates. However, over the past five to ten years, there have been no major Vietnamese investment projects except for one by Truong Hai Auto Corporation (THACO).

Vu expressed his hope that both sides would focus more on investment promotion and facilitate regular dialogues between Vietnamese businesses and the CDC to help enterprises better understand Cambodia’s investment incentives and resolve difficulties.

In the spirit of close cooperation, the Vietnamese diplomat proposed that both sides maintain and organise annual dialogues in line with the Memorandum of Understanding on cooperation signed by the two countries.

At the meeting, Deputy Prime Minister Sun Chanthol affirmed Cambodia’s commitment to improving the investment environment and creating favourable conditions to attract international capital, despite existing challenges. He also expressed hope that Vietnam and Cambodia would soon agree on connecting the Phnom Penh–Bavet expressway with the Ho Chi Minh City-Tay Ninh route.

Deputy Prime Minister Sun Chanthol also urged both sides to continue facilitating the movement of people and vehicles across the border to promote trade, investment, and economic development in border areas, for the common benefit and traditional friendship between the two peoples.

According to data released on October 2, over the past nine month of 2025, the Cambodia Investment Commission under the CDC approved 546 investment projects with total registered capital of nearly US$7.8 billion, an increase of 132 projects compared to the entire year of 2024, equivalent to roughly 73%.

Total registered capital rose by some US$2.5 billion, or 47%, compared to the same period in 2024. In September alone, the CDC approved 55 investment projects with total registered capital totaling around US$467 million, including 38 projects outside economic zones and 17 projects within economic zones.

Data also show that during the nine-month period, Vietnamese enterprises ranked among the top five in total foreign investment capital in Cambodia.

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