Vietnam enters top 5 biggest foreign investors in Cambodia
Thursday, April 13,2017AsemconnectVietnam - Vietnam has become one of the 5 biggest foreign investors in Cambodia with 183 projects capitalized at US$2.8 billion.
The Bank for Investment and Development of Cambodia (BIDC), an affiliate of the Bank for Investment and Development of Vietnam, has established 9 branches in Cambodia with 360 employees in total.
BIDC contributes an estimated US$1 million in tax to the Cambodian Government annually.
“With an asset of US$760 million, BIDC is ranked among the top ten biggest banks in Cambodia. We have received enormous support from the 2 Governments,” said Do Viet Hung, BIDC’s Vice Director General.
Angkomilk is another successful Vietnamese business in Cambodia. The company’s revenue last year grew 10% against the previous year.
“Angkomilk is the first milk producer in Cambodia. Our production process has met international standards,” Doan Quoc Khanh, Angkomilk’s Director, elaborated.
Vietnamese and Cambodian businesses have joined hands to set up 48 rubber joint ventures. They have been allocated 200,000 ha in 7 provinces in Cambodia to grow rubber trees. Each company employs 15,000 workers on average.
Source: vov.vn
DAILY: Vietnamese coffee prices increased by 600 VND on April 6
Vietnam a potential market for French businesses, investors: experts
Hanoi harvests over 25,000 tonnes of aquatic products in first quarter
Agricultural, forestry and fishery products fell 14.4% in first quarter
Hanoi focuses resources on key projects
Vietnam's ST25 rice exported to the Republic of Vanuatu
Reference exchange rate unchanged on April 5
Fruit market update: Q1 earnings from fruit, vegetables up 11 pct amid sluggish exports
Vietnam’s export revenue up 13.5% in March
DAILY: Vietnamese pepper prices remained unchanged on April 5
DAILY: Vietnamese coffee prices increased by 400 VND on April 5
Import and export turnover estimated at 154.27 billion USD in first quarter
Officials highlight measures to fulfil growth target for 2023
Vietnam’s economic growth to reach 6.5% this year: ADB
Plan on implementing Decision No. 327/QD-TTG dated March ...
Concretize viewpoints, objectives, tasks and solutions of the plan in accordance with practical conditions of the locality, associating ...Plan on implementing national environmental protection ...
Implementation plan of marine aquaculture development ...
Program on conservation and development of Vietnamese ...
Plan on improving quality of human resources to 2025 and ...
Efforts taken to turn culinary culture into national ...
The Vietnam Cuisine Culture Association (VCCA) is taking steps to implement a project to build and develop Vietnamese culinary culture ...Vietnamese cuisine making a name for itself with ...
Vietnam advance to next round of AFC U20 Women’s Asian Cup
Cultural tourism and traditional values promoted through ...