Within 11 Months, Vietnam Exports to Cambodia around $1.3 Billions; Cambodia Exports to Vietnam only $200 Million

Within 11 Months, Vietnam Exports to Cambodia around $1.3 Billions; Cambodia Exports to Vietnam only $200m

Within 11 months in 2010, trade relation between Cambodia and Vietnam values $1,500 millions and the investment is approximately $570m. VOV, Vietnam media network, said within 11 months in 2010, trade relation between both countries reaches to $1,500m in which Vietnam exports to Cambodia around $1,300m and Cambodia exports to Vietnam only $200m. Vietnamese products exported to Cambodia increase 36%. Also, the investment capital is around $570m in 2010. Those capitals mainly focus on concession land for rubber plantation and other crops, airlines, banking, services and tourism. In 2011, both countries promise to promote bilateral trade up to $2,000m. 

(Rasmei Kam. January 5, 2011)

Investing in Cambodia

Investing in Cambodia

The government has solved many problems related to the business and investment climate in Cambodia such as the reimbursement of value-added tax for exported goods,  extension of tax holidays for garment factories, requirements for bank licensing, and the extension of accommodation tax exemption for the tourism industry. However, the main challenge the country will face over the next 10 years is the reduction of corruption and the strengthening of good governance at central and provincial levels.

Government priority is to increase access to international markets by integrating the Cambodian economy into the regional and world economy;  rehabilitate and develop   roads, airports, ports and other infrastructure including water supply, electricity distribution and telecommunication networks; and strengthen the legal framework, institutional capacity, investment and business facilitation.

These developments will enable the government to better exploit the potential of Cambodia's prime investment sectors which include: agriculture, agro-industries, minerals, processing, manufacturing, service,  tourism and labour-intensive industries.

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Source: http://www.investincambodia.com/investing/investing.htm

Stock Market to Open in 2010

CAMKO City