A Change of Guard

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Friday 4 April 2014

Cambodian parliament ratifies protocol on Cambodia-Vietnam investment agreement

Xinhua | 2014-4-3
By Agencies


The National Assembly of Cambodia on Thursday ratified a protocol on the investment promotion and protection agreement between the governments of Cambodia and Vietnam.

All 64 lawmakers of the ruling party, who were present at the parliamentary session, unanimously approved the protocol as the opposition party's 55 lawmakers-elect continued boycotting the parliament in protest against the election results in July last year.

Mok Mareth, chairman of Commission on Investment, Agriculture, Rural Development, Environment, and Water Resources at the National Assembly, said the protocol was part of ensuring confidence of investors and facilitating investment between the two countries.

"Under this protocol, Cambodia will move a step forward to attract investment from Vietnam and gain more confidence from Vietnamese investors," he said.

Sok Chenda Sophea, secretary general of the Council for the Development of Cambodia, said the protocol was aimed to maintain, promote and facilitate investment affairs between the two neighbors.

"A lot of Vietnamese investors are doing businesses in Cambodia, " he said, adding that the protocol would help maintain existing Vietnamese investors and attract more new investors.

Vietnam is the fifth biggest investor in Cambodia, with 128 projects worth over 3 billion US dollars by 2013, according to the Association of Vietnamese Investors in Cambodia.

3 comments:

Anonymous said...

Stupid CPP motherfucker we don't need any Youn invest in out country all we Youn to do return all the land and Island back

Anonymous said...

WE DO NOT NEED investments from this Shit-nam of a country. This Shit-nam is still a Shit-hole and need a rebuilding of its' own. WE NEED INVESTMENTS from the US, Japan and European nations, NOT this Shit-nam. Any investment from this Shit-hole of a country will ONLY bring Cambodia down. This stupid Hun Sen and CPP must wake up and realize that a poor country CAN NOT and HAS NOT the ability to invest in another poor country.

Anonymous said...

The billions of dollars and natural resources that evil and criminal Vietnamese business thieves have stolen are from Cambodia and Cambodian people during criminal CPP Hun Sen's regime (puppet CPP government of evil Vietnamese thieves and killers in Hanoi). Now evil Yuon/Vietnamese killers and thieves in Hanoi used the stolen billions of dollars to invest in Cambodian projects, how hypocrite and phony the Vietnamese thieves and killers are in Hanoi?