Vietnam, Cambodia hold substantial cooperation potential
Vietnam and Cambodia hold substantial potential for cooperation in economy, trade, investment, tourism and other fields, Vietnamese Ambassador to Cambodia Thach Du said.
The Vietnam-Cambodia Business Forum (Source: nhandan.com.vn)
Hanoi (VNA) –🔯 Vietnam and Cambodia hold substantial potential for cooperation in economy, trade, investment, tourism and other fields, Vietnamese Ambassador to Cambodia Thach Du said.
Speaking at the Vietnam-Cambodia Business Forum on September 22 in Cambodia, the ambassador said Vietnam is one of Cambodia’s leading economic partners with two-way trade reaching 3.4 billion USD in 2015.
Vietnam is running 182 projects with a total registered capital of 2.85 billion USD in Cambodia, he said, adding Vietnam has the largest number of tourists in the neighbouring country with 988,000.
The diplomat asked businesses to seriously and fully abide by regulations and laws of the respective countries.
Chea Vuthy, Vice Secretary General of the Council for Development of Cambodia, briefed the participants on Cambodia’s investment climate and policies, saying the country’s economy grows 7 percent annually.
He said Vietnam ranks fifth among countries investing in Cambodia, after China, Japan, the Republic of Korea and Malaysia, with the most noteworthy projects focusing on agriculture and industry, valued at 958 million USD.
The official applauded Vietnamese businesses’ contributions to his country’s socio-economic development as well as economic cooperation between the two countries.
Hor Siv Yong from the Cambodian Ministry of Commerce said Vietnam is Cambodia’s largest trade partner. The two countries aim to raise the bilateral trade to 5 billion USD in 2017.-VNA
The Cambodian economic growth will continue to reach about 7 percent annually over the next three years, according to the Global Economic Prospects report released by the World Bank on January 7.
Vietnam and Cambodia have reaped impressive results in economic cooperation, which still has much room to flourish even more, Vietnamese Ambassador to Cambodia Thach Du said.
President Tran Dai Quang’s State visit to Cambodia from shows Vietnam’s special attention to fostering and promoting traditional friendship and comprehensive cooperation between the two countries.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
The Prime Minister emphasised the significance of maintaining macroeconomic stability, controlling inflation, promoting growth, and improving the harmony between monetary and fiscal policies.
Petrovietnam will step up the development of new products and the expansion of international markets to reduce reliance on the domestic market. It also plans to optimise capital use, manage cash flow and costs, streamline operations, and enhance workforce quality to achieve its 2025 goals.
Vietnam has so far attracted 43,346 valid FDI projects with a total registered capital of 517.14 billion USD. The accumulated disbursed capital is estimated at nearly 331.46 billion USD, accounting for 64.6% of the total registered capital.
More than a product showcase, Vietfood & Beverage – Propack Vietnam 2025 is designed as a comprehensive ecosystem where businesses, experts, and consumers can share knowledge, explore technologies, and connect for collaboration.
Both sides expressed their hope that the outcomes of the discussion will continue to improve the efficiency of customs clearance activities at the customs clearance points and dedicated transport routes of the Huu Nghi – Youyi Guan international border gate pair.
The maximum retail price of E5 RON92 petrol has increased by 207 VND to 19,608 VND (0.75 USD) per litre while that of RON95-III rose by 234 VND to 20,074 VND per litre.
The Vietnam-Cambodia Business Forum (Source: nhandan.com.vn)
