[PHNOM PENH POST]
More than 20 Vietnamese companies are studying investment law and
business opportunities in the Kingdom with an eye on the country’s
agriculture and industrial sectors.
The companies - most of which
were based in Ho Chi Minh - were focusing on intellectual property
rights, as well as potential investment in the Special Economic Zones
along the Cambodia-Vietnam border, Nguon Meng Tech, general director of
the Cambodian Chamber of Commerce, said.
Both countries were
pushing for a higher degree of economic and commercial relations, Lai
Xuan Chien, a representative at Vietnamese embassy in Cambodia, said.
Vietnamese investment in agriculture, hydro power, oil, tourism,
education and health were on the horizon if the two countries could
forge a better understanding of each other’s laws, he said.
Although
the arrival of the Vietnamese companies demonstrated the high level of
investment opportunity in the Kingdom, it also highlighted the number of
loop-holes in Cambodian law, as well as its relative fragility, experts
said.
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