VNExpress-Dec 22

Vietnam is the biggest ASEAN foreign direct investor in Cambodia with 188 active projects and a total registered capital of $2.85 billion. In the first 11 months this year, Vietnam has invested in four new projects in Cambodia with a registered capital of nearly $90 million, up 4.6 times year-on-year, officials said at a Tuesday meeting between Vietnamese President Nguyen Xuan Phuc and Cambodian Prime Minister Hun Sen. In the first 11 months of the year, bilateral trade rose 84 percent year-on-year to over $8.6 billion. One of the biggest Vietnamese investments is Metfone, a telecom brand operated by Viettel Cambodia. Metfone is now the biggest telecoms brand in Cambodia with nine million subscribers, or 60 percent of the population. Metfone is valued at over $1 billion, and it is one of the businesses that contribute most to the Cambodian state’s coffers at $820 million to date. Read more at: https://e.vnexpress.net/news/business/economy/vietnam-biggest-asean-investor-in-cambodia-4407099.html