Monday, August 17, 2009

Viet firms ordered by Hanoi to focus on Cambodia market ... most likely due to Cambodia's dispute with Thailand

Firms advised to focus on Cambodia market

17-08-2009VNS (Hanoi)
Economic deals sealed during Phnom Penh talksPhnom Penh — Vietnamese and Cambodian businesses signed a host of economic deals and investment agreements worth more than US$400 million during talks in Phnom Penh on Friday.

The talks brought officials from Cambodian ministries, sectors and localities where Vietnamese invested projects are located together with the leaders of 20 Vietnamese groups and corporations which were interested in investing in Cambodia.

Cambodian Permanent Deputy Prime Minister Men Sam On was present at the talks, which were jointly held by the Council for Development of Cambodia (CDC) and the Bank for Investment and Development of Viet Nam (BIDV).CDC Secretary General Sok Chenda pledged that the Cambodian Government would do its best to provide assistance to Vietnamese businesses when they invest in Cambodia. – VNS

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