November 30, 2011

Vietnamese eye chances in Cambodia

[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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