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Delegates at the meeting between Vietnamese businesses operating in Cambodia and the Council for the Development of Cambodia (CDC) on September 14 |
The event was jointly organized by the CDC, the Cambodia Chamber of Commerce, the Vietnamese Embassy’s Economic Office and Trade Office in Cambodia, and the Viet Nam-Cambodia Business Association (VCBA).
Speaking at the event, Chea Vuthy, Secretary General of the Cambodia Investment Board under the CDC, highlighted the close ties between Viet Nam and Cambodia and said the CDC was committed to supporting Vietnamese businesses expanding their investment in Cambodia.
Vietnamese businesses have invested more than 3 billion USD in Cambodia, he said, adding that there remains considerable room for investment as the number and value of Vietnamese projects remain below potential.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu said economic, trade, and investment cooperation is a focus of bilateral ties. Two-way trade reached a record 11.33 billion USD in 2025 and 8.67 billion USD in the first eight months of 2026, up 8.3% year-on-year, according to Vietnamese statistics.
Viet Nam currently has 223 investment projects in Cambodia with total registered capital of nearly 3.4 billion USD. Vietnamese companies operate in agriculture, particularly large-scale farming, finance and banking, telecommunications, aviation, processing, trade and services. They employ tens of thousands of local workers and contribute hundreds of millions of USD to Cambodia’s budget each year, while also supporting local social welfare programs.
Vu said investment cooperation still falls short of the potential of bilateral relations. He called on the CDC to provide Vietnamese businesses with more information on priority sectors, investment locations, economic zones, suitable land funds, incentives and projects seeking investment.
Chea Vuthy said Cambodia welcomes Vietnamese investors and is working to create a favorable investment environment through incentives, administrative reforms and simplified procedures.
VCBA Chairman Oknha Leng Rithy said Vietnamese businesses have increasingly shifted from exporting raw agricultural materials to Viet Nam for processing to building factories and processing materials locally in Cambodia. This trend has helped reduce costs, improve competitiveness, and promote long-term partnerships with Cambodian businesses.
Source: VNA