PHNOM PENH, Dec. 23 (Xinhua) -- Cambodia's Prime Minister Hun Sen will attend a conference on investment to Cambodia by Vietnamese entrepreneurs later this week, a government's statement said Wednesday.
In a statement released by Ministry of Foreign Affairs and International Cooperation, it said at the invitation of Nguyen TanDung, Prime Minister of Vietnam, Hun Sen will lead a delegation to attend the conference that will include Cham Prasidh, minister of commerce and Cambodian businessmen.
The conference will be held in Ho Chi Minh City on Dec. 26, 2009.
In recent years, more Vietnamese companies have entered Cambodia for investment opportunity, including air service, banking, and telecommunication.
According to the official data, two-way trading between Cambodia and Vietnam was 1.6 billion U.S. dollars in 2008. But bilateral trade stood at 1.05 billion U.S. dollars in the first ten months of this year, down 28 percent year-on-year, due to the world economic downturn.
In 2010, the two countries targets to increase bilateral trade to two billion U.S. dollars. To reach the target, Vietnam has put forward a number of measures including boosting trade promotion activities and improving quality of Vietnamese products.
In a statement released by Ministry of Foreign Affairs and International Cooperation, it said at the invitation of Nguyen TanDung, Prime Minister of Vietnam, Hun Sen will lead a delegation to attend the conference that will include Cham Prasidh, minister of commerce and Cambodian businessmen.
The conference will be held in Ho Chi Minh City on Dec. 26, 2009.
In recent years, more Vietnamese companies have entered Cambodia for investment opportunity, including air service, banking, and telecommunication.
According to the official data, two-way trading between Cambodia and Vietnam was 1.6 billion U.S. dollars in 2008. But bilateral trade stood at 1.05 billion U.S. dollars in the first ten months of this year, down 28 percent year-on-year, due to the world economic downturn.
In 2010, the two countries targets to increase bilateral trade to two billion U.S. dollars. To reach the target, Vietnam has put forward a number of measures including boosting trade promotion activities and improving quality of Vietnamese products.
1 comment:
Hun Sen will attend as the representative of one of provincial governor of Vietnam socialist republic.
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