Investment

FDI flows into the southern city are shifting decisively toward high-tech sectors, information technology, electronics and components, and large-scale industrial projects.

As Vietnam looks to fund its investment requirements, it is crucial for the “right” type of capital to go the to “right” needs.

Growth was recorded across all three major economic sectors, with industry and construction continuing to make the largest contribution.

The two leaders consented to strengthen economic connectivity, develop border gates and infrastructure, increase Vietnamese investment in Cambodia, effectively implement joint projects and resolve obstacles to facilitate trade and investment.

At the forum that took place on October 9 afternoon, Vietnamese Prime Minister Le Minh Hung said that economic, trade and investment cooperation constitutes an important pillar of bilateral ties, which has achieved positive results. However, considerable room remains for further expansion to match the strong political ties and the potential of both countries.

At the talks, the two PMs agreed to strive to raise bilateral trade to $20 billion in the coming period, while encouraging businesses from both countries to strengthen investment cooperation, develop cross-border industrial and agricultural value chains, and expand processing industries.