Vietnam sees investment prospects in Cambodia
(VOV) - Vietnamese businesses have bright prospects for investing in Cambodia in 2013 and the years to come.
Vietnamese business representatives shared this view at an annual meeting hosted by the Vietnamese Embassy in Phnom Penh on March 21.
The participants said that Vietnamese businesses should make greater efforts to improve their position amongst foreign investors in Cambodia.
Pham Phuong Dung, director of a successful business operating in Cambodia, said that the most important thing for Vietnamese businesses is to learn more about the market as well as the advantages and disadvantages when investing in Cambodia.
Last year’s two-way trade turnover between Vietnam and Cambodia increased by 17 percent to US$3.3 billion. However, Vietnam ranked sixth among foreign investors in Cambodia by the end of 2012, with a total capitalization of over US$1.2 billion.
In 2012, investment capital from Vietnamese businesses in Cambodia climbed to nearly US$86 million, with a focus on sectors such as agriculture, finance and banking.