Vietnam Biggest ASEAN Investor in Cambodia, Reaching US$2.8bn to Date

• 23 December 2021
• Local News
• 1693 Views

Vietnam is the biggest ASEAN foreign direct investor in Cambodia with 188 active projects and total registered capital of US$2.85 billion, VN Express reported on Wednesday.

In the first 11 months this year, Vietnam has invested in four new projects in Cambodia with a registered capital of nearly US$90 million, up 4.6 times year-on-year, according to the meeting between Vietnamese President Nguyen Xuan Phuc and Cambodian Prime Minister Hun Sen earlier this week.

In the first 11 months of the year, bilateral trade rose 84% year-on-year to over US$8.6 billion.

One of the biggest Vietnamese investments is Metfone, a telecom brand operated by Viettel Cambodia. With a current investment value of US$1 billion, Metfone is now the biggest telecoms brand in Cambodia with nine million subscribers or 60% of the population.

Thagrico, the agriculture unit of Truong Hai Auto Corporation (Thaco), has invested US$388 million to grow oil palm trees, rubber trees and fruit farms.

• Business and Market
• Economy and Finance
• Investment and Funding