Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia-Vietnam trade up 30 percent in 2017

Cambodia-Vietnam trade up 30 percent in 2017

Prime Minister Hun Sen and Vietnamese Prime Minister Nguyen Xuan Phuc shake hands during a meeting in Siem Reap in 2016. Photo supplied
Prime Minister Hun Sen and Vietnamese Prime Minister Nguyen Xuan Phuc shake hands during a meeting in Siem Reap in 2016. Photo supplied

Cambodia-Vietnam trade up 30 percent in 2017

Bilateral trade between Cambodia and Vietnam last year increased nearly 30 percent to about $3.8 billion according to Vietnamese state-run media, while Cambodia has yet to report trade statistics for most of 2017.

Exports to Cambodia rose by about 26 percent while imports from Cambodia grew by more than 40 percent, according to the reports. That would be an increase over the recent past – trade volume had decreased for the past two years, down from $3.3 billion in 2014 to $3 billion in 2015 and $2.8 billion in 2016, according to the same Vietnamese media reports.

But there are conflicting datasets regarding the total amount of trade between Cambodia and Vietnam. Other Vietnamese state-run media had reported the 2016 trade figure to be closer to $3 billion. Data from the United Nation’s International Trade Statistics Database shows that Cambodia reported only $1.6 billion in total trade with Vietnam in 2016, while Vietnam reported $2.9 billion over the same period.

Cambodian trade data for most of 2017 was not yet available according Seang Thay, a spokesperson at Cambodia’s Ministry of Commerce. Thay said on Monday that trade data could only be released by the Customs and Excise Department of the Ministry of Economy and Finance, and added that the Commerce Ministry had thus far only received data for the first three months of last year.

The customs department’s director-general, Kun Nhem, could not be reached for comment.

MOST VIEWED

  • First deportees of the year touch down in Cambodia

    Twenty-five Cambodian-Americans landed in Phnom Penh on Wednesday, marking the first such deportations of the year. “On Wednesday, US law enforcement authorities deported 25 Cambodian nationals that immigration judges determined had no legal basis to remain in the US,” said Arend Zwartjes, spokesperson for the US

  • Qatar Airways to connect Doha and Siem Reap town

    Qatar Airways Company QCSC has announced a new route connecting Qatar’s capital Doha with Siem Reap, a move hailed by local officials as a significant step to boost tourist numbers. A Qatar Airways representative, speaking at the Kuwait Aviation Show, announced on Thursday that

  • Kingdom drafting new law to strengthen immigration

    The Ministry of Interior on Tuesday said it had formed a working group to draft amendments to the Law on Immigration. Its secretary of state Sok Phal told The Post that the amendments will strengthen the management of immigrants in line with the current situation.

  • Sokha defence denies Tech’s claims

    ON DAY two of Kem Sokha’s treason trial, lawyers for the government said the defence had raised questions in an attempt to allow their client to make a public statement and a conclusion to the case, something his legal team denied. Ky Tech, a

  • Cambodian general visits Myanmar to enhance national defence cooperation

    Royal Cambodian Armed Forces (RCAF) commander-in-chief Vong Pisen is now in Myanmar leading a delegation that aims to improve ties, particularly in national defence, with the fellow Asean member. The timing of Pisen’s four-day visit to the Southeast Asian neighbour is highly symbolic, with

  • Sokha’s treason trial begins

    The treason trial of Supreme Court-dissolved Cambodia National Rescue Party (CNRP) president Kem Sokha began at the Phnom Penh Municipal Court on Wednesday with the presentation of a two-minute video clip. The footage, which was the basis of the charge against him, was dismissed by