VN invests in 190 projects in Cambodia
17:27 | 23/04/2019

VGP - The country has invested in 190 investment projects in Cambodia with the total registered investment capital of nearly US$ 2.9 billion.

Illustration photo

Viet Nam is one of the leading trade partners of Cambodia through the two- way trade turnover growth averaging 9.8% year on year.

Focusing on agriculture and forestry whereas the partner offered 19 investment projects with the total capital of US$ 65 million in Vietnamese market. 

According to the tax reduction process of the ASEAN Trade in Goods Agreement (ATIGA), most imported and exported goods across the borders of Viet Nam and Cambodia are entitled to between 0 and 5%

Besides, agreements for double taxation avoidance and fiscal evasion prevention between the two countries being effective on February 20, 2016 has contributed to strenghthening the economic and investment cooperation between the two countries because the agreements shape transparency and visibility of taxation environment for two side businesses.

In 2018, the import- export turnover between Viet Nam and Cambodia gained US$ 4.7 billion, an increase of nearly 24% compared to the same period of the previous year. 

The country's export turnover to Cambodia reached US$ 3.7 billion and the import turnover from the neighboring country was less than US$ 1 billion.

By Vien Nhu

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