Viet Nam is Cambodia’s fifth largest foreign investor, chairman of the Association of Vietnamese Investors in Cambodia (AVIC) said Wednesday.

More than 50 major Vietnamese-invested projects have been commissioned in Cambodia, AVIC chairman Tran Bac Ha said during a meeting between State President Truong Tan Sang and Vietnamese investors in Phnom Penh.

Among the typical Vietnamese projects in Cambodia are the rubber plantations of Hoang Anh Gia Lai Group and the Vietnam Rubber Group, the Five Star Cambodia fertilizer plant, the Phnom Penh Cho Ray Hospital, and others in the fields of aviation, telecoms, and finance, according to the AVIC chairman.

Tran Bac Ha (L), chairman of the Association of Vietnamese Investors in Cambodia, receives a gift from State President Truong Tan Sang

Hoang Anh Gia Lai chairman Doan Nguyen Duc also revealed at the meeting that he has invested nearly $300 million in the Cambodian market.

The investment was earmarked for 40,000 hectares of rubber and palm crops with modern technology, and a farm with 100,000 cows, Duc elaborated.

This was the first time Duc had made his investment in Cambodia public.