Prime Minister chairs trade conference in Cambodia
April, 23 2011
VNS (Hanoi)
HA NOI — Prime Minister Nguyen Tan Dung is in Cambodia today, where he is co-chairing a two-day Viet Nam-Cambodia investment promotion conference expected to boost bilateral trade and investment ties.
Dung is also scheduled to attend the opening ceremony of the Cambodia-Viet Nam Securities Joint Stock Co and witness the handover of overseas investment licences to Vietnamese businesses.
Around 100 Vietnamese businesses are slated to be represented at the second annual investment conference opening today, where both sides are also expected to sign a number of new deals, review investment co-operation results since the first conference, and discuss measures to boost co-operation in investment, trade and tourism.
Bilateral trade has increased from US$1.33 billion in 2009 to $1.8 billion in 2010. Viet Nam has almost 90 investment projects in Cambodia with a combined capital of more than $2 billion. These projects include rubber plantations, mining, oil and gas exploration, electrical development, telecommunications, and finance and banking. The two countries have also shown a keen interest in promoting bilateral ties in education and training, healthcare and transportation.
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