Business and trade volume between Cambodia and Vietnam is anticipated to grow, as representatives of the Vietnam-Cambodia Business Association (VCBA) have committed to promoting investment opportunities in the Kingdom to Vietnamese investors.
The pledge was made by VCBA president Leng Rithy during a meeting where he led delegates from 16 companies, most of which are actively investing in Cambodia, to engage with Sun Chanthol, deputy prime minister and first vice-president of the Council for the Development of Cambodia (CDC), at the council’s headquarters in Phnom Penh on March 6.
Rithy stated that the association’s members are keenly interested in Cambodia’s rapid development, particularly the efforts of the government in the new legislature.
He mentioned that in the past, he and member companies have shared their experiences in investing in agricultural sectors such as rice and rubber in concert with Cambodian farmers and investors.
He asserted that through effective collaboration with the council, the association is committed to enhancing the visibility of Cambodia’s financing opportunities to a broader spectrum of Vietnamese investors.
“VCBA will work with the CDC to showcase the Kingdom’s potential to financiers in Vietnam, with the aim of attracting them to various Cambodian sectors, especially agriculture,” he stated.
In response, Chanthol expressed his gratitude to all investors who have contributed to Cambodia’s economy and expressed optimism for further growth from existing firms in the country.
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Author: Hin Pisei
Source: The Phnom Penh Post
March 12, 2024
