Sign up | Log in



Home  >>   Daily News  >>ā¸ēVietnam>>Investmen>> Investment from Vietnam hits a dry patch
NEWS UPDATES Asean Affairs     September  26,  2016  

Investment from Vietnam hits a dry patch

Vietnamese investors shied away from the Cambodian market during the first half of the year as the Council for the Development of Cambodia (CDC) failed to register a single qualified investment project (QIP) from Vietnam during that period for the first time in its 22-year history, a Cambodian official said the day before yesterday.

Speaking at the Cambodia-Vietnam business forum in Phnom Penh, CDC deputy secretary-general Chea Vuthy said that no Vietnamese investment projects were recorded during the first half of the year, but insisted this was not a cause for concern.

“There is no negative effect because this often happens when doing business,” he said, explaining that investment registration numbers regularly fluctuate during different periods. He also pointed out that QIP status is not provided to small investments, or those made in the banking and services sectors.

“I think that other areas of [Vietnamese] investments that do not need approval from the CDC, like the service sector, are still coming to Cambodia,” he added.

Vietnamese firms were the fourth-largest source of foreign direct investment (FDI) in Cambodia for 2015, as total investments to the Kingdom reached $4.64 billion during the same period, CDC figures show.

Nguyen Duc Thanh, president of the Vietnam Institute for Economic and Policy Research, attributed this year’s investment slump to the poor performance of Cambodia’s agricultural sector.

“Recently, the price of rubber has not been good so I think [Vietnamese investors] do not see this as a good time to make investments,” he said.

Ha Thi Thanh Binh, general secretary of the Association of Vietnamese Investors in Cambodia (AVIC), told reporters that Vietnam’s overall investments in Cambodia reached $2.85 billion through 182 different projects.

Four more Vietnamese firms have now committed to invest in Cambodia through QIP projects and this will improve CDC investor figures for the second half of the year, she added.

Major Vietnamese investors in Cambodia include telecom giant Viettel, whose local subsidiary Metfone is one of the Kingdom’s biggest mobile telecom operators.

Vinamilk, Vietnam’s largest dairy company, has invested in a $23 million production facility in Phnom Penh, while Vietnamese rubber giant Hoang Anh Gia Lai owns several economic land concessions (ELC) in the country and has heavily invested in Cambodia’s agricultural sector.

The governments of both countries had set a target to boost bilateral trade to $5 billion by 2015, but failed to reach their goal as total exchange reached just $3.37 billion last year.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                          September 26, 2016 Subsribe Now !
• CPI up 0.1% in August Subcribe: Asean Affairs Global Magazine
• RMB usage to boost Indonesia, China economies: Bank of China
• Investment from Vietnam hits a dry patch
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Festival to promote health and fitness biz
• Electricity price hike likely to contribute 0.8-1.1% to 2017 inflation
Asean Analysis                  September 16, 2016
• Asean Analysis  September 16, 2016
Cambodia’s Hun Sen Picks Off the Opposition, One by One, Ahead of Elections
Advertise Your Brand

Asean Stock Watch   September 23 , 2016

• Asean Stock Watch-September 23, 2016
The Biweekly Update
• The Biweekly Update  September 16, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand