Cambodia and Vietnam team up to supercharge economic ties


Vietnamese Ambassador to Cambodia Nguyen Minh Vu (left) and Cambodian Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia Sun Chanthol. -- Photo: Vietnam News/ANN

PHNOM PENH (Vietnam News/ANN): Vietnamese Ambassador to Cambodia Nguyen Minh Vu held a working session with Cambodian Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia (CDC) Sun Chanthol in Phnom Penh on October 2 to bolster economic and investment ties.

Vu highlighted Cambodia’s status as one of the earliest destinations for Vietnam’s overseas investments, noting that Vietnamese firms have poured nearly US$3 billion into over 200 projects, or about 12% of Vietnam’s total outward investment. Roughly 75% of that capital is concentrated in Cambodia’s agriculture sector.

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