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Submitted by ctv_en_4 on Sat, 07/25/2009 - 15:54
A Vietnamese government delegation led by Deputy Prime Minister Truong Vinh Trong began a three-day official visit to Cambodia on July 25.

He is scheduled to attend inauguration ceremonies of the kingdom’s new national carrier - Cambodia Angkor Air (CAA) – and a representative office and an investment company of the Bank for Investment and Development of Vietnam (BIDV) in Cambodia.

CAA is a joint venture between the Cambodian Government and the Vietnam Aviation Corporation – Vietnam Airlines. It plans to conduct flights to HCM City, starting on July 28.

BIDV in collaboration with Phuong Nam Company plans to establish the Investment and Development Joint Stock Company of Cambodia (IDCC) with a charter capital of US$100 million. IDCC will focus on investment activities, mergers and acquisitions 

BIDV plans to set up the Vietnam Cambodia Insurance Co (CVI) and an association of Vietnamese investors in Cambodia in August to promote investment and trade between the two countries.

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