The second Cambodia-Vietnam Trade and Investment Fair opened in Kampot, Cambodia on August 24.
The fair has attracted more than 50 Vietnamese and Cambodian businesses to display their high quality products, such as garment, footwear, food, chemicals, electronics, plastics and handicraft products.
The aim is to help Vietnamese businesses develop their distribution network and improve their operational efficiency in Cambodia, especially in remote rural areas and also to encourage more Cambodian people to use Vietnamese products. Read more
Military-run telecom Viettel has deployed more than 16,000km of fibre optics for its Metfone network and is now has the biggest internet coverage in Cambodia. According to a report from the Ministry of Post and Telecommunications of Cambodia (MPTC), cable network coverage in the country has increased 17 fold in five years. Metfone has 80 per cent of the network coverage in the country. Its network is 13 times greater than that of the entire cable network developed by Cambodia in the last 10 years. Metfone is one of the nine biggest operators in Cambodia.
Vietnamese rice exporters will face tough competition from foreign countries looking to exploit advantages that Cambodia presents as a beneficiary of the the EBA (Everything But Arms) initiative, says an Econet report. Under the EBA, Cambodia, as a least-developed-country, enjoys zero tariffs and no quotas for exporting its farm produce, especially rice, to the EU…The plan to build a modern rice mill near Phnom Penh announced by a Viet Nam-Cambodia joint venture nearly two years ago has made no progress. Complicated formalities have been blamed for the delays in building a plant that aimed to process rice for export supplied by Cambodian farmers.
Cambodia-Viet Nam Foods Co (Cavifoods) – a joint venture between Viet Nam’s Southern Food Corp (Vinafood II) and two Cambodian firms – International Development Co (IDCC) and Green Trade Co, was established in October 2009 with a registered capital of US$8 million.