News / Asia

    Cambodian Officials Speculate Vietnam Protests Could Shift Chinese Investment

    Firefighters stand across from the main entrance of Tan Than Industries as the Taiwanese bicycle factory burns, in Di An Town, Binh Duong province, Vietnam, May 14, 2014.
    Firefighters stand across from the main entrance of Tan Than Industries as the Taiwanese bicycle factory burns, in Di An Town, Binh Duong province, Vietnam, May 14, 2014.
    VOA News
    Cambodian officials say their country could benefit economically from violent anti-Chinese protests in Vietnam.
     
    Thousands of Chinese have fled Vietnam in the past week, following violent demonstrations by protesters angered by Chinese oil exploration in the contentious South China Sea. Many of those who left Vietnam crossed into Cambodia.

    In addition to two deaths and dozens of injuries, the riots damaged dozens of foreign owned factories in Vietnam, including many owned by Chinese businesses.

    Ken Ratha, a spokesman for Cambodia's Ministry of Commerce, said the violence may push some Chinese investors towards Cambodia.

    “Some Chinese investors are planning to study the possibility to invest more in our country, especially those who already have investment in Vietnam," he said. "They are planning to bring a delegation to discuss trade with us.”
     
    Cheng Hong Bo, a spokesman for the Chinese Embassy, said it is too early to tell.

    “Some of them stay here and if there's an end to [the situation] and Vietnam becomes calm, maybe they will return to Vietnam,” he said.
     
    Cambodia’s history is deeply intertwined with both nations and both are major trade partners, while China is a major provider of aid, second only to Japan.
     
    Trade between Cambodia and Vietnam reached $3.43 billion in 2013. Between Cambodia and China, that figure was about $3 billion.

    Vietnamese tourists ranked first in 2013, with 850,000 visitors, followed by China at 460,000.

    But while investment could increase, Tourism Minister Thong Khon says Phnom Penh is watching to see if tourism from Vietnam drops as a result of the recent problems.
     
    “Tourism from China has not been affected yet, as they travel by air, as do tourists from Vietnam. But we are closely observing whether tourists who transit through Vietnam are declining,” said Thong.

    Koy Kuong, a spokesman for the Ministry of Foreign Affairs, said both sides are “friends” and that Cambodia will remain neutral in their dispute.

    This report was produced in collaboration with the VOA Khmer service.

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    Comment Sorting
    Comments
         
    by: Cudo from: USA
    May 26, 2014 10:11 AM
    Just get out of VN country

    by: Jheffbepoy from: Philippines
    May 23, 2014 8:32 PM
    Cambodian Officials must think a dozen fold on the preservation of lasting peace and security in the world before she opens her door to the entry of Chinese Businessmen into their country. China grew to be a hideous monster that disrespects the the rule of law and if it grows a lot bigger by her economy then it shall be unstoppable when it desires to engorge its neighbors by contending later on that she is protecting Chinese based in these countries akin to what Putin stood for in Ukraine.
    In Response

    by: Anonymous from: Cambodia
    May 25, 2014 5:36 AM
    If the Philippines have land border with Vietnam, you would think otherwise.

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