Currently, Vietnam has 128 investment projects in Cambodia with a total capital of more than USD49.6 million while Cambodia owns three projects in Vietnam.

These figures were announced in a meeting between Vietnamese Minister of Planning and Investment, Bui Quang Vinh and his Cambodian counterpart Chhay Than, in Hanoi on March 10^th.

The main investment in both countries is energy, hydro-power and agriculture (rubber, coffee and sugar cane plantation).

In 2015, the Vietnam-Cambodia bilateral trade revenue is forecasted to hit USD5 billion.

In his speech at the meeting, Minister Vinh said that Vietnam’s economy is clearly recovering by targeting a growth rate of 6.3% and an inflation rate of less than 5% in 2015.

Mr. Chhay Than introduced Cambodia’s economy with annual GDP of over 7% during the 2010-2014 period, average inflation of 3-4% per annum and ensured food security.

The two sides agreed to enhance cooperation in developing Cambodia’s statistical man power and upgrading online information channels in the ‘golden triangle’ area between Vietnam, Laos and Cambodia./.

VNF/CPV