26/12/2009
HCM CITY — Vietnamese firms that have invested in Cambodia formed an association yesterday.
The Association of Vietnamese Investors in Cambodia (AVIC) has 47 members including CT Group, EVN International Joint Stock Co, Mai Linh Group, Dak Lak Rubber Co Vinashine Oil and Gas Joint Stock Co, Sacombank and Vinacapital Group.
It said it would provide information to Vietnamese investors about the socio-economic situation, co-operation and investment opportunities in Cambodia.
It would also provide legal and organise forums and investment promotion seminars to enable investment in Cambodia.
The association, headquartered in Ha Noi, said it would also work to strengthen economic ties between Viet Nam and Cambodia and support joint ventures by enterprises.
The association was established by the Bank for Investment and Development of Viet Nam on instructions from the Government and will be managed by the Ministry of Planning and Investment.
Viet Nam has invested $900 million in 63 projects in Cambodia, making that country one of the three leading destinations for Vietnamese investment. — VNS
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