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Image : Moody's warns of UK downgrade if Brexit deal weakens growth

Moody's warns of UK downgrade if Brexit deal weakens growth

person Orange Themes access_time Nov 02,2016

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Image : Japan in talks to deliver two coast guard ships to Philippines

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person Orange Themes access_time Aug 14,2016

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Image : Comey faces complicated path under Trump administration

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person Orange Themes access_time Nov 10,2016

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Vietnam among top investors in Cambodia

access_time Apr 07,2017 chat_bubble_outline 49 views

Viet Nam continued to be among the top five investors in Cambodia as of December 2016, with US$2.85 billion registered capital invested in 183 projects.

Vietnam among top investors in Cambodia

Viet Nam Dairy Products Joint Stock Company, or Vinamilk, will spend almost US$11 million to buy its Cambodian partner’s entire stake in Angkor Dairy Product Company Limited (Angkormilk) in Phnom Penh, Cambodia. 

Viet Nam is also Cambodia’s third largest partner, with bilateral trade reaching $3 billion until the end of last year. The two countries are striving to raise the figure to $5 billion in the following years. 

In the first two months of the year, two-way trade turnover reached $624.1 million, up 21.2 per cent compared with the same period last year. 

In addition, Viet Nam was always among the highest number of visitors to Cambodia, and vice versa, as Cambodian tourists consider Viet Nam their top choice for travel.

The information was presented by Vietnamese Ambassador to Cambodia Thạch Dư at a seminar in Cambodia, held by the Vietnamese Embassy with the participation of some 100 Vietnamese firms. 

Traditional friendship, favourable geographical conditions and concerns of the two governments were the foundation for promoting economic, trade and investment co-operation between Việt Nam and Cambodia in recent years, Dư added.

The seminar was aimed at helping Viet Nam’s enterprises better understand the situation and business opportunities in Cambodia to continue to maintain the leading position in the country. It provided an opportunity to connect with other businesses investing in Cambodia.

Many representatives of companies attending the seminar, such as the Association of Vietnamese Investors in Cambodia (AVIC), Viet Nam Rubber Group (VRG), Metfone, Angkor Milk and Chak Angre Hospital, also mentioned their difficulties and obstacles in doing business abroad.

In addition, they proposed some recommendations of the enterprise community on existing issues, such as tax and visa-related issues for Vietnamese workers, to the governments of the two countries. 


EU fails to break impasse over trade pact with Canada

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Backpackers clean Ba Den Mountain

Hundreds of local backpackers have joined in a campaign to collect rubbish from Ba Den Mountain tourist site in Tay Ninh Province. Ba Den Mountain is 11km away from the centre of Tay Ninh Province. Food wrapping and plastic bottles are thrown carelessly along the mountain’s paths. The campaign to clean the mountain was started by a group of young backpackers.Nguyen Tuan Anh, who started the campaign said, "We want to raise people's awareness about environmental protection, starting with… chat_bubble_outline Read More...

Trump assails London mayor’s words to deride him after terror attack

President Trump attacked London Mayor Sadiq Khan and railed against political correctness in a series of tweets Sunday, appearing to misrepresent a quote from the mayor meant to reassure his city in order to scorn Khan’s response to terror attacks in the English capital.“At least 7 dead and 48 wounded in terror attack and Mayor of London says there is ‘no reason to be alarmed!’” wrote Trump on Sunday morning, part of a string of tweets about the attack.The president was referencing a statement… chat_bubble_outline Read More...

Greek unions strike despite debt relief pledge

ATHENS, Greece (AP) — Public services in Greece have been disrupted by a general strike called by unions against ongoing austerity measures.The 24-hour protest Thursday affected public transport services and state-run schools, halted ferries and national rail services, and left public hospitals running with emergency staff.The strike went ahead despite a decision this week by bailout lenders to grant Greece a series of short-term debt relief measures aimed at evening out the country's repayment… chat_bubble_outline Read More...

EU, Mali sign deal to return migrants

The Hague (AFP) - The European Union on Sunday signed an agreement with the Malian government aimed at enabling the return of migrants who have reached Europe's shores, and whose asylum requests have been refused."It is the first time the EU establishes such a precise mechanism with an African country with regards to returning failed asylum seekers," said a statement from the Dutch foreign ministry, which signed the agreement on the EU's behalf.The accord seeks to fight "the root causes of… chat_bubble_outline Read More...

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