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Logo of Phnom Penh Post newspaper Phnom Penh Post - Vietnam-Cambodia talk more trade

Vietnam-Cambodia talk more trade

Prime Minister Hun Sen and visiting Vietnamese President Nguyen Minh Triet have pledged

to strengthen bilateral ties on trade and economic activities at the Cambodia-Vietnam

Business Forum on February 28.

Both leaders promised to cultivate conditions conducive to trade and employment,

with Triet pledging to encourage further investment in Cambodia and to support Cambodian

investors interested in "pouring capital into Vietnam."

According to statistics, the volume of two-way trade stood at $950 million in 2006,

the bulk of which was in favor of Vietnam. Trade between the countries is expected

to grow by 27 percent a year, increasing to $2.45 billion in 2010.

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