Prime Minister Nguyen Xuan Phuc (R) and his Cambodia counterpart Samdech Techo Hun Sen (Photo VNA) Hanoi (VNA) – Vietnam and Cambodia could make their two-way trade value at 7-8 billion USD by 2020 as they have established sound cooperation across sectors and their governments have regularly taken measures to remove difficulties for businesses, Prime Minister Nguyen Xuan Phuc said. PM Nguyen Xuan Phuc and his Cambodia counterpart Samdech Techo Hun Sen attended the Vietnam-Cambodia Business Forum in Hanoi on December 6. The Ministry of Planning and Investment reported that Cambodia is always among the top three countries absorbing Vietnam’s investment. Vietnamese investors have so far poured 3 billion USD in 210 projects in agriculture, banking, telecommunication, IT, industry, processing and manufacturing, trade and healthcare in Cambodia. Many of them have contributed greatly to socio-economic development in localities hosting their projects. In turn, Cambodia has had 20 operating projects with nearly 65 million USD, engaging in agriculture, forestry, aquaculture, and trade in Vietnam. The two countries have been working to maintain high two-way trade value growth and expected the value would reach 5 billion USD this year, the volume that was previously set for 2020. Vietnam ranks second in terms of the number of tourists visiting Cambodia with around 500,000 people spending holidays in the neighbouring country in the first 10 months of this year. In 2017, 220,000 Cambodians visited Vietnam. Addressing the forum, PM Phuc said the two countries need to work more closely and more efficiently in the… [Read full story]
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