July 25, 2011

Vietnam expands electricity equipment investment in Cambodia


The Vietnam Electrical Equipment Corporation began construction of a transformer factory in the Phnom Penh Special Economic Zone in Cambodia on July 25.

Covering an area of two hectares, the factory has a total investment capital of US$2.5 million. After completion, it will produce about 4,000 transformers every year.

Addressing the event, Nguyen Van Cuong, CEO of the corporation, said this construction is the corporation’s first investment project in a foreign country and it expects to build good neighbourly relations, friendship, solidarity and contribute to long-term, sustainable and comprehensive cooperation between Vietnam and Cambodia.

The factory is scheduled to be put into operation later this year and employ about 150 technical workers, half of whom will be Cambodians.

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