Vietnamese firms in Cambodia foster connections
On January 16, representatives from about 50 Vietnamese enterprises and Khmer businesses of Vietnamese origin gathered in Phnom Penh to share their experience in operating and investing in Cambodia and foster their connections.
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Addressing the event, Vietnamese Ambassador to Cambodia Nguyen Huy Tang said the embassy wanted to learn about difficulties that the businesses are facing and listen to their proposals, thus advising authorized agencies in Cambodia and at home to seek measures.
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| An overview of the meeting (Photo: VNA). |
Highlighting the development of Vietnam-Cambodia relations in 2023 and forecasting the situation in 2024, the First Secretary of the Vietnamese Embassy in Cambodia Tuan Nguyen Tien said that continuing the growth trend of 2023, the Cambodian economy is forecast to expand fast and sustainable manner, becoming a bright spot in ASEAN.
To fulfill the target of drawing more than 6 billion USD in foreign direct investment in 2024, Cambodia is likely to continue to call on foreign firms to invest in prioritized areas such as agricultural product processing, high technology, industrial production, clean energy, tourism, and infrastructure construction, he said.
At the event, leaders of the businesses proposed several measures to support investment activities in the country. They showed their hope to form a network of Vietnamese firms in the neighboring country to enhance mutual support.
Ambassador Nguyen Huy Tang hailed the efforts of Vietnamese businesses over the years and expressed his hope that in 2024, they will enjoy more success in Cambodia, a promising market for foreign investors in general and those from Vietnam in particular.
The diplomat asked the Vietnamese Business Club in Cambodia (VBCC) to promptly finalize procedures to establish a Vietnam-Cambodia Business Association (VCBA) to serve as a connecting point and a support venue for Vietnamese firms in the country.
He also reminded Vietnamese enterprises to speed up digital transformation and strengthen their linkages for common development.
VBCC Interim President Oknha Leng Rithy introduced the operation plans of the club in 2024 as well as the procedures to establish the VCBA to give better support to business and investment activities of Vietnamese firms in Cambodia.
(Source: VNA)
