Cambodia urges Vietnamese businesses to invest in tourism
15:24, 2014/05/13
Cambodian Minister of Tourism Thong Khon has called on Vietnamese investors to further strengthen their investment to the country’s tourism sector, aiming to boost trade and friendship between the two countries.
Speaking at a Cambodia-Vietnam trade and investment promotion conference recently in Phnom Penh , he noted that tourism investment in Cambodia last year made up 30 percent of the country’s total investment capital, with 16 projects valued at more than 3.5 billion USD.
He cited that in the first quarter of this year, the number of Vietnamese visitors to Cambodia reached over 190,000, a 4.2 percent rise year on year.
According to Nguyen Thi Hong, Vice Chairman of the Ho Chi Minh City People’s Committee , Vietnam has been the third largest trade partner of Cambodia , with a total investment of more than 3 billion USD and 128 underway projects.
The city in particular has invested in 46 projects worth of 326 million USD in the country, she added
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Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years