 The signing ceremony in Hanoi on October 5, 2019. Photo: VNA |
Addressing the event on Saturday, Prime Minister Nguyen Xuan Phuc hailed the importance of these documents and previously signed border agreements as legal foundation to promote a borderline of peace, stability, cooperation and sustainable development.
“The signing ceremony today is a strong declaration of both countries to the world about their commitment to building a borderline of peace, friendship, cooperation and development on the basis of mutual respect of each other territorial integrity and benefits for both peoples’ prosperity and happiness,” said Mr. Phuc.
Prime Minister Hunsen praised progress in border issue settlement thanks to bilateral efforts and friendship.
Earlier, Prime Minister Nguyen Xuan Phuc and his visiting Prime Minister Hun Sen co-chaired the Vietnam – Cambodia trade and investment promotion conference. About 500 delegates from ministries, agencies and the two countries’ business communities attended the event. Addressing the conference, Prime Minister Phuc welcomed Cambodian investors to Vietnam and asked Vietnamese firms to invest responsibly and sustainably in Cambodia.
Prime Minister Hun Sen urged Vietnamese firms to continue investing in agriculture, tourism, transportation, logistics, construction, education and technical training in Cambodia.
He said the Cambodian government is striving to improve the business environment via dialogue mechanism between the government and enterprises, cut business costs and devise a new draft law on investment and exclusive economic zones. He spoke highly of the signing of the Vietnam-European Union free trade agreement and expressed interest in bilateral trade and transportation, saying that the Cambodian government is studying measures to further promote the construction and connectivity of expressways in the southern economic corridor in the Greater Mekong Sub-region.
According to the Ministry of Planning and Investment, Vietnam invested in nearly 180 projects worth some 2.8 billion USD in Cambodia as of September this year. Cambodia ranked third among the 76 countries and territories invested in by Vietnam. Cambodia also poured nearly 64 million USD in 21 projects in Vietnam in the fields of agro-forestry-fisheries, trade, transportation, manufacturing and processing.
On the occasion, a memorandum of understanding on cooperation between the Vietnamese Ministry of Planning and Investment and the Council for Development of Cambodia was signed.