Vietnam has so far invested in 190 projects worth nearly 2.9 billion USD in Cambodia, according to the Saigon Giai phong (Liberated Saigon) newspaper.
Meanwhile, Cambodia has poured 65 million USD into 19 projects in Vietnam.
Vietnam is now the third largest trade partner of Cambodia. Two-way trade hikes 9.8 percent on average each year.
In 2018 alone, it surpassed 4.7 billion USD, up nearly 24 percent year-on-year. Of the figure, 3.7 billion USD was Vietnam’s exports to Cambodia.
According to the tax reduction roadmap under the ASEAN Trade in Goods Agreement (ATIGA), almost all exports-imports between Vietnam and Cambodia are eligible to a 0-5 percent tariff.
The double taxation avoidance and tax evasion agreement between Vietnam and Cambodia, which took effect on February 20, will be applied in the two nations in early 2020.
International businesses want to approach the Vietnamese market, please contact us:
Headquarter: No. 3 – G1, Nam Thang Long Urban (Ciputra), Xuan La Ward, Tay Ho District, Hanoi, Vietnam.
Office: No. 25, Alley 23, Do Quang Street, Trung Hoa Ward, Cau Giay District, Hanoi, Vietnam.
Tel: (+84) 24 3224 2925 – Fax: (+84) 24 3224 2926
Hotline: (+84) 97 985 2268 (Wechat/WhatsApp)
Email: contact@idjgroup.vn
Website: http://idj.com.vn/en/
IDJ Group is a well-known company, specializing in business supports for international companies that want to approach the Vietnamese market. We have been supporting hundreds of international companies to do business in Vietnam. For more information, please see at http://idj.com.vn/en/services/.
