Vietnamese investment experienced a sharp decline during the first half of the year as the Council for the Development of Cambodia (CDC) failed to register a single quality investment project (QIP) from Vietnam during this period for the first time in its 22-year history.
CDC Deputy Secretary-General Chea Vuthy, speaking at the Cambodia-Vietnam business forum in Phnom Penh, reassured attendees that this was not a cause for concern.
“There is no negative effect because this often happens when doing business,” he said, also pointing out that QIP status is not provided to small investments, or those made in the banking and services sectors.
Four Vietnamese firms have recently committed to invest in Cambodia through QIP projects, which will improve CDC investors figures for the second half of the year, Vuthy added.
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