Cambodia to consider visa exemption for Vietnamese investors

The Cambodian government will consider exempting visa for Vietnamese entrepreneurs to enter the kingdom, the Cambodge Soir reported on Friday

The Vietnamese side submitted such a request in order to facilitate bilateral trade and economic cooperation, when the Cambodian-Vietnamese Business Forum was held here on Wednesday.

Thong Khon, secretary of state for Ministry of Tourism, was quoted as saying that the government will take the request into account as it wishes to attract more business-oriented foreigners to Cambodia.

"The government has laid out a policy aimed at attracting investors to come to Cambodia. We will hold detailed discussions on the issue with the ministries of foreign affairs and commerce," he said.

Vietnamese President Nguyen Minh Triet, who was accompanied by 50 investors during his three-day state visit to Cambodia from Feb. 27 to March 1, said during the forum that Cambodia has good commercial potential in agriculture, tourism, mining and industry sectors for exploration.

Currently, Vietnam is Cambodia's third largest market for exports, following the United States and Europe, while Cambodia has been Vietnam's fourth largest importer behind Thailand, China and China's Hong Kong, according to official statistics.

(Source: Xinhua)