First Vietnamese supermarket to open in Cambodia

11/27/2010
VOV News (Hanoi)

The first Vietnamese supermarket in Phnom Penh Cambodia will open at 717-719 Monivong Street on December 29.

This was announced by the Chairman of the Vietnamese Supermarket brand and Deputy Chairman of the Vietnamese Business Association in Cambodia, Seng Meng (Le Minh).

The supermarket was build with a total investment capital of US$3 million by the Z38 Company to introduce and sell Vietnamese products to Cambodians and overseas Vietnamese living in Cambodia.

Vietnamese Supermarket hopes to become an effective promoter and distributor of Vietnamese goods for the country’s businesses and create credibility among the Cambodian consumers.

It's nice to hear about a $400 mln economic deals with Vietnam ... but what kind of deal is it? Whare are the details of the deal?

Vietnam, Cambodia sign US$400mln economic deals

08/16/2009
VOV News (Hanoi)

Vietnamese and Cambodian businesses signed economic and investment deals worth more than US$400 during their talks in Phnom Penh on August 14.

The conference brought together officials from Cambodian ministries, sectors and localities, and leaders of 20 Vietnamese groups and corporations investing in Cambodia. It was jointly held by the Council for Development of Cambodia (CDC) and the Bank for Investment and Development of Vietnam (BIDV).

CDC Secretary General Sok Chenda vowed that the Cambodian Government will create the best possible conditions for Vietnamese businesses to operate efficiently in the country. He stressed the need to boost the two countries’ economic cooperation on a par with their political ties and the time-honoured friendship.

Vietnamese businesses have increased their investment in Cambodia in recent years, with their total investment in the first half of this year rising 80 percent from a year earlier.