Original report from Phnom Penh
26 August 2009
Through August this year, Vietnamese companies have invested nearly half a billion dollars, a giant increase in activity that makes the country a top investor, along with China, South Korea and Russia.
Economic conditions and the strong political relationship between the two countries have led to the increase, analysts say.
“There are narrow business markets in Vietnam, with a lot of business people facing high competition,” said Chan Sophal, president of the Economists Association of Cambodia. “Furthermore, they have no free land to make investments. So they see our country as a neighbor with huge free land. It’s a good opportunity for them to invest in.”
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