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

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.

MOST VIEWED

  • Ministers to tackle sea pollutants

    Preah Sihanouk provincial authorities and members of local communities have collected 77 tonnes of water hyacinth at a Sihanoukville beach, Preah Sihanouk Provincial Hall spokesperson Or Saroeun said. He told The Post yesterday that the aquatic weeds had been floating along some of the province’s

  • Negotiations on EBA being held

    In an effort to defuse tensions, a senior government official said Cambodia is negotiating with the European Union (EU) on the Everything But Arms (EBA) trade deal, which allows the Kingdom to export goods to the 28-member bloc tariff-free. The EU notified Cambodia on October 5

  • Chinese police escort deported scam suspects

    Ninety-one Chinese nationals accused of extorting money from victims in a Voice over Internet Protocol (VoIP) scam were deported from Phnom Penh International Airport on Monday under the escort of 182 Chinese police personnel. General Department of Immigration head of investigations Ouk Hay Seila told reporters

  • EU timber deal in firing line

    A committee of more than 20 national and international organisations filed a petition to the EU on October 10 to prevent it from signing a timber trade agreement with Vietnam, noting that the deal would be disastrous to the Kingdom’s forests. The petition claims Vietnamese timber