Wed. Feb 28th, 2024

Representatives from about 30 Vietnamese businesses discussed how to
work together to continue promoting Vietnamese products in Cambodia at
a seminar in Phnom Penh on April 4.

The seminar,
co-organised by the Ho Chi Minh City Investment and Trade Promotion
Centre and the Bank for Investment and Development of Cambodia, is part
of the Vietnam-Cambodia trade and service exhibition (HCM City Expo
2013) that opened in Phnom Penh on April 3.

Addressing the event, Vice Chairwoman of the HCM City People’s Committee
Nguyen Thi Hong attributed the development of businesses from Vietnam
and HCM City in particular to the effective support of Vietnamese
banks in Cambodia.

Once Vietnamese products gain
a firm foothold in Cambodia, the banks will offer more suitable
credit packages to the businesses, she said.

Five
Vietnamese commercial banks have opened branches in Cambodia, which
are funding most of the key projects in the country, including the 27
million USD Cho Ray-Phnom Penh Hospital, a fertiliser
factory worth 62 million USD, and a 80 million USD
electricity-sugar-ethanol factory.

The banks also
target projects in rice export, mineral exploration and exploitation,
hydropower site survey and rubber tree plantations near the two
countries’ shared border.-VNA

By vivian