(VOVworld) – Cambodia approved a protocol Thursday on investment promotion and protection between Vietnam and Cambodia. Mok Mareth, Chairman of the National Assembly’s Commission on Investment, Agriculture, Rural Development, Environment, and Water Resources, said the protocol ensures investor trust and facilitates investment between Vietnam and Cambodia. He added that with this protocol, Cambodia will attract further investment from Vietnam and gain more trust from Vietnamese investors. Secretary General of the Council for the Development of Cambodia Sok Chenda Sophea said the protocol creates favorable conditions for investment between the two countries.
According to the Association of Vietnamese Investors in Cambodia, Vietnam is the fifth biggest investor in Cambodia, with 128 projects worth over 3 billion USD.