Sunday, August 16, 2009

Vietnam, Thailand increase investments in Cambodia

VOV News


Investments from Vietnam and Thailand to Cambodia increased by 85.3 and 87.2 percent respectively in the first half of this year, despite a sharp fall from other countries, according to the Council for the Development of Cambodia (CDC).

Vietnam’s total investment capital has increased from US$16.7 million to US$178 million and Thailand’s from US$22.7 million to US$178 million, says Young Heng, a senior official from the CDC.

Vietnamese investment has focused on such areas as rubber plantation, post and telecommunications and transportation while Thai investment has been poured into sugar processing projects including the construction of two sugar mills worth US$158 million.

These investments will help generate jobs and contribute to boosting economic development in Cambodia, says the CDC official.

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