Investment from Vietnam hits a dry patch: CDC
Vietnamese investors shied away from the Cambodian market during the first half of the year as the Council for the Development of Cambodia failed to register a single qualified investment project from Vietnam during that period for the first time in its 22-year history, a Cambodian official said on September 22. Speaking at the Cambodia-Vietnam business forum in Phnom Penh, CDC deputy secretary-general Chea Vuthy said that no Vietnamese investment projects were recorded during the first half of the year, but insisted this was not a cause for concern. “There is no negative effect because this often happens when doing business,” he said, explaining that investment registration numbers regularly fluctuate during different periods. He also pointed out that QIP status is not provided to small investments, or those made in the banking and services sectors.
