Monday 25 April 2011

[Hun Xen's] Cambodian market welcomes [his] Vietnamese [masters'] businesses [-More Viet land-grabbing on the way!]

24/04/2011

(VOV) - Prime Minister Nguyen Tan Dung’s official visit to the Kingdom of Cambodia is expected to open up more opportunities for Vietnamese investment in the country as well as bilateral economic cooperation.

Many major Cambodian newspapers run articles about it and reviewed positive achievements in bilateral trade.

In 2010, trade revenues between Vietnam and Cambodia hit more than US$1.8 billion, up more than 35 percent from the previous year. Vietnam also invested over US$2 billion in nearly 90 projects in Cambodia. Nearly 470,000 Vietnamese tourists visited Cambodia in 2010, ranking first and accounting for one fourth of the country’s total foreign tourists.

A Cambodian entrepreneur of Vietnamese descent, Xieng Minh, told VOV that he hoped PM Dung’s visit will help Vietnamese enterprises boost the presence of their goods in Cambodia. He added that Vietnam’s agricultural products have secured a firm foothold in the market and he expects more opportunities in other fields.

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