Hoa Phat Furniture promotes investment cooperation in the Cambodian market

In order to increase opportunities for investment cooperation and deeper penetration in the Cambodian market, within the framework of the Vietnam-Cambodia Trade and Investment Promotion Conference 2019 taking place on October 4, 2019 in Hanoi, Hoa Phat Furniture Company has participated in displaying, exhibiting, introducing products and services, and investing and trading activities.

The conference was co-chaired by Prime Minister Nguyen Xuan Phuc and Royal Cambodian Prime Minister Samdech Techo Hunsen with about 500 delegates from ministries, agencies, localities and businesses from both two countries attending.

On the sidelines of the conference, more than 40 Vietnamese enterprises exhibited, introduced products and services. They invested and wished to increase their presence in Cambodia, including Hoa Phat Furniture. Prime Minister Nguyen Xuan Phuc and Prime Minister of the Kingdom of Cambodia Samdech Techo Hun Sen also went to see the products displayed at the conference.

Cambodian delegates visited Hoa Phat Furniture product displayed at the Vietnam-Cambodia Trade and Investment Promotion Conference 2019

Participating in introducing and promoting information of products at the Conference, Hoa Phat Furniture hopes to strengthen cooperation with businesses accompanying the Prime Minister of Cambodia to attend this conference.

Currently, Hoa Phat Furniture has been exported to many countries around the world, including Southeast Asia countries such as Thailand, Cambodia and Laos. The next goal of Hoa Phat Furniture that they want to boost exports in Cambodia market. The high-end office and family furniture segment of Cambodia is currently open. Through the Vietnam - Cambodia Trade Investment Promotion Conference, Hoa Phat Furniture hopes to seek for investment cooperation opportunities with large Cambodian enterprises, penetrating deeply and broadly into this potential market.

Cambodia has the highest economic growth rate in the region and in the world; Cambodian people's purchasing power is also very high with consumption index of about 4,300 USD per year.

Until September 2019. Two-way import-export turnover between Vietnam and Cambodia has been maintained at a constantly high level in recent years. If in 2018, trade turnover reached US $ 4.7 billion, increased 24% over the same period, then in the eight months of 2019, it reached US $ 3.54 billion, grew up nearly 14% compared to the same period in 2018.

Hong Hanh – Thanh Phuong