Logo of Phnom Penh Post newspaper Phnom Penh Post - Neighbourly chat: Vietnamese eye chances in Cambodia

Neighbourly chat: Vietnamese eye chances in Cambodia

Neighbourly chat: Vietnamese eye chances in Cambodia

More than 20 Vietnamese companies are studying investment law and business opportunities in the Kingdom with an eye on the country’s agriculture and industrial sectors.

The companies - most of which were based in Ho Chi Minh - were focusing on intellectual property rights, as well as potential investment in the Special Economic Zones along the Cambodia-Vietnam border, Nguon Meng Tech, general director of the Cambodian Chamber of Commerce, said.

Both countries were pushing for a higher degree of economic and commercial relations, Lai Xuan Chien, a representative at Vietnamese embassy in Cambodia, said. Vietnamese investment in agriculture, hydro power, oil, tourism, education and health were on the horizon if the two countries could forge a better understanding of each other’s laws, he said.

Although the arrival of the Vietnamese companies demonstrated the high level of investment opportunity in the Kingdom, it also highlighted the number of loop-holes in Cambodian law, as well as its relative fragility, experts said.

MOST VIEWED

  • Hun Sen’s China visit ‘a good opportunity’

    Prime Minister Hun Sen’s visit to Beijing on Sunday to discuss economic and trade issues presents a good opportunity for the Kingdom to strengthen Chinese ties and counter punitive measures by the West, an analyst says. The prime minister’s four-day official visit to

  • Former chief bodyguard receives royal pardon

    The former chief bodyguard of late Senate president Chea Sim has received a royal pardon nearly eight years after he was sentenced to 15 years behind bars on several charges, according to a royal decree dated November 12, last year, and obtained by The Post on Wednesday.

  • Close to the edge: Hair raising pictures from Kulen Mountain

    A new hair raising attraction on Kulen Mountain has finally opened to the public, with people flocking to the protruding cliff edge overlooking green mountainous forests to take photographs. The giant overhanging rock is situated in an area known as Mahendraparvata – an ancient city of

  • US warned not to interfere despite successful meeting

    A senior Ministry of National Defence official said the Tuesday meeting between the US Deputy Assistant Secretary of Defence for South and Southeast Asia Joseph H Felter and General Neang Phat had helped strengthen relations between the two countries’ militaries. However, a senior Cambodian People’