International tourism investment promotion conference kicks off

The International Tourism Investment Promotion Conference “Four Countries – One Destination” 2011 to enhance regional tourism development in Cambodia, Laos, Myanmar and Vietnam kicked off this morning in Ho Chi Minh City.

Large Vietnam deals inked

Trade between Cambodia and Vietnam increased by nearly 50 percent in the first quarter of the year compared the same period last year, according Vietnam Trade Office figures released last week.

Vietnamese projects get thumbs up in Cambodia

The commitment was made via seven memorandum of understandings signed between Cambodian and Vietnamese government agencies at the second Investment Promotion to Cambodia Conference held in Phnom Penh on April 24.

Vietnam PM chairs investment conference in Cambodia

Over the past years, the friendship and all-sided cooperation between Vietnam and Cambodia has been deepened. The two countries have signed over 60 legal documents on bilateral cooperation in almost all fields and created necessary cooperative mechanisms to fit their current development requirements. As a result, economic and trade ties between the two countries have grown steadfastly. The two-way trade value has increased year on year, from US$950 million in 2006 to hit over $1.8 billion in 2010.

Vietnam-Cambodia sign many MoUs on investment cooperation

At the conference, Vietnamese Ministry of Planning and Investment (MoPI) and Cambodian Development Committee signed a memorandum of understanding (MoU) on investment management and promotion, another MoU on investment license granting for Se San 2 hydropower project between Vietnamese Ministry of Industry and Trade (MoIT) and Cambodian Ministry of Industry, Mining and Energy and a MoU on investment license granting for projects such as cassava trading and production, sugarcane production, rubber growing and fertilizer production.

Neighbours seek ways to improve economic ties

Viet Nam’s total trade turnover with Cambodia, Laos and Myanmar has grown steadily in recent years, reaching almost US$2.5 billion last year, a year-on-year rise of 33.6 per cent. Vietnamese businesses have invested in about 270 projects with a combined registered capital of nearly $5 billion in Cambodia, Laos and Myanmar.

Techcombank hikes fee to stop ATM arbitrage

From now, withdrawing foreign currency and cash is subject to a fee of 4% and 3% respectively. This means that holders of cards issued by Techcombank must pay at least 7% on the withdrawn cash if they want to have money taken from ATMs in Cambodia. The new fee is 2.5% higher than before.

Exhibition focuses on ever-changing Indochina

The black-and-white photos portray the life and culture of people in the central province of Thua Thien-Hue, as well as Cambodia's Angkor Wat and Luang Prabang in Laos. Laval's treatment of floating houses, flickering cooking fires, the innocent smiles of kids, the austere expression on the face of an ethnic man, or a tobacco pipe between a woman's lips, captures the enigma that endures in this region.

Vietnam invests in Cambodia power plant

This project by state-owned Vietnam Electricity Group (EVN) is solely invested by its joint-stock subsidiary EVN International, whose shareholders include major state companies and corporations, such as PetroVietnam, EVN, and Vietnam Rubber Group.

Specific strategy needed for tourism development

Few years ago, not many people knew about Malaysian tourism but in recent years the country has received a large number of tourists because they have coordinated with other countries, such as Singapore and Thailand. Currently, international tourism linking is a common trend in the world as it saves time and money to promote trademark. Vietnam, Laos and Cambodia share cultural similarities and if travel agents know how to promote the tours of three countries together, they will become attractive destinations for international visitors.

Cambodia trade needs investment

Trade between the two countries is expected to reach US$1.7 billion this year. Vietnamese firms blamed the low exports on the shortage of commercial centres, warehouses, and showrooms in border areas.

Vietnam's HAGL group plans $200 mln Singapore bonds

The bond proceeds will fund five hydro-power plants and rubber tree planting projects in Laos, Cambodia and Vietnam, the group said in a document sent to shareholders and seen by Reuters. The group, with registered capital of 2.93 trillion dong, operates in property, mining, rubber plantation and hydro-power.

Asian Development Bank grants $69m for forest protection project

The 32-year loan of $30 million to Viet Nam and grants of $19 million for Cambodia and $20 million for Laos will help the Greater Mekong Subregion (GMS) member nations carry out the GMS Biodiversity Conservation Corridors Project. It follows a series of successful pilot conservation activities in the countries.

VN, Cambodia discuss role of religious affairs

Head of the Vietnamese Government’s Committee for Religious Affairs Nguyen Thai Binh made this remark while receiving a delegation from the Cambodian Ministry of Cult and Religion, led by Minister Min Khin, in Hanoi on Dec. 16.

India tempts more travellers from Viet Nam

Speaking at the presentation Incredible India: Buddhist Destination on, Abhay Thakur, stressed Indian Prime Minister Manmohan Singh's announcement during his visit to Viet Nam in October that the country would grant visas on arrival to nationals of Viet Nam, Cambodia, Laos and the Philippines from beginning of next year.

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