Conference discusses support for Vietnamese businesses in Cambodia in removing difficulties
The Vietnamese Embassy in Cambodia on February 14 organised a meeting with Vietnamese businesses operating in Cambodia to discuss measures to help the businesses tackle obstacles to their investment and business.
Vietnamese Ambassador to Cambodia Nguyen Huy Tang speaks at the meeting with Vietnamese businesses operating in Cambodia. (Photo: vov.vn)
Phnom Penh (VNA) – The Vietnamese Embassy 𓆏in Cambodia on February 14 organised ameeting with Vietnamese businesses operating in༒ Cambodia to discuss measures to help the businesses tackle obstacles to their investment and business.
Speaking at themeeting, Vietnamese Ambassador to Cambodia Nguyen Huy Tang said that althoughthe year 2022 saw challenges, Vietnamese businesses continued to “stand firm”and overcame challenges, making an important contribution to promoting economicrelations between Vietnam and Cambodia. The Ambassadorexpressed his belief thatin 2023, with the COVID-19 pandemic under control, Cambodia will continue toreopen strongly and focus on restoring and developing the country, which pavethe way for Vietnamese investors in the country to gain successes in theirbusiness and investment. At theconference, units under the Embassy and the Vietnam Business Club in Cambodia(VBCC) provided the latest information on Cambodia’s economic development, its investment attraction policies, Vietnam-Cambodia cooperation aswell as Cambodia’s latest policies in taxes, labour code, investment policies forVietnamese businesses. Representatives of Vietnamese businesses raised problems they face wheninvesting and doing business in Cambodia, calling on competent authorities of the two countries to help themto solve the problems. Ambassador Tang affirmedthat the embassy will collect the recommendations and proposals of businessesand submit them to the 20th Vietnam-Cambodia Joint Committee Meeting and the 12thConference on Cooperation and Development of Border Provinces between the twocountries in 2023 for consideration and settlement. In 2022, Vietnam-Cambodia bilateral trade turnover increased by nearly 11% to 10.58 billion USD. Regardinginvestment, in 2022, Vietnam had 12 new investment projects in Cambodia with atotal registered capital of 7 million USD, while 23 million USD was added to existing projects. As of the end of2022, Vietnam had 205 valid investment projects in Cambodia with a total registered capital of 2.94 billion USD, making the country the fifth largest foreign investor and the largest ASEAN investor inCambodia./.
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Vietnamese Ambassador to Cambodia Nguyen Huy Tang speaks at the meeting with Vietnamese businesses operating in Cambodia. (Photo: vov.vn) 
