Logo of Phnom Penh Post newspaper Phnom Penh Post - Vietnamese market planned

Vietnamese market planned

A man watches a street vendor pass by outside the now empty Sieu Thi Viet Nam supermarket
A man watches a street vendor pass by outside the now empty Sieu Thi Viet Nam supermarket on Monivong Boulevard yesterday. Pha Lina

Vietnamese market planned

Cambodia's first Vietnamese wholesale market is being constructed in Phnom Penh, a Vietnamese trade officer told the Post yesterday.

Tran Tu, trade attaché of the Vietnam Trade Office in Cambodia, said the new wholesale market seeks to enhance Vietnamese produce in Cambodia.

“The idea is good because until now there [has been] no Vietnamese wholesale market in Cambodia,” he said.

The wholesale market, will be located on National Road 5, about nine kilometres from the centre of Phnom Penh, Tu said, adding that he was not sure when it would begin trading.

The decision to open a wholesale market follows the closing of Cambodia’s largest Vietnamese supermarket on Monivong Boulevard last month. Its owner, Vietnamese-Cambodian Seng Meng, is to partner with a local businessman to open up the new wholesale market.

Seng Meng declined to comment on the project, but his assistant confirmed that construction for the new building had begun.

Tu at the Vietnam Trade Office said the old supermarket was closed due to high rental fees, and although he declined to identify the local partner, he said a more affordable deal had been struck on the wholesale market.

“Actually, they set the plan [to build the wholesale market] two years ago, but they waited to find a partner [to] provide the land for the building,” he said.

The planned market will also offer products from Thailand, China and South Korea.

Bilateral trade between Cambodia and Vietnam reached $2.7 billion in the first nine months of this year, a 10 per cent increase compared to $2.45 billion in the same period last year, data from the Vietnamese Trade Office in Phnom Penh show.

Cambodia received $1.28 billion in direct investment from Vietnam between 1994 and 2012, according to data from the Council for the Development of Cambodia. Most of the investment was in agriculture, the financial industry, and tourism.

MOST VIEWED

  • Rainsy stopped in Paris from boarding Thai flight

    Airline officials at Paris’ Charles de Gaulle airport on Thursday prevented Sam Rainsy from boarding his flight to Bangkok ahead of his announced return to Cambodia on Saturday. Prime Minister Hun Sen had earlier in the day assured Phnom Penh residents that there would be

  • Analyst: Rainsy blocked from boarding flight 'an excuse'

    THAI Airways not allowing Sam Rainsy on its route from Paris to Bangkok on Thursday is being used as an excuse to keep his standing among fellow coup plotters and his uninformed supporters as flights to non-Asean countries are available, an analyst said on Friday.

  • Rainsy lands in Malaysia

    Cambodian opposition figure Sam Rainsy arrived in Kuala Lumpur airport on Saturday afternoon after boarding a flight from Paris, where he has been living for more than four years. Ministry of Foreign Affairs and International Cooperation spokesperson Koy Kuong said on Saturday that Cambodia respected

  • Touch: Rainsy will never return

    Sam Rainsy, the “acting president” of the Supreme Court-dissolved Cambodia National Rescue Party (CNRP), has claimed it has achieved 70 per cent of its struggle to find a solution to the current political situation in the Kingdom. Just before boarding a plane at Charles de Gaulle

  • Sokha continues call for dropping of charge after bail conditions reduced

    Not satisfied with having his bail conditions reduced, allowing him to travel freely in Cambodia, Kem Sokha says he wants his charge totally dropped. “As an innocent man who has been in detention for two years even without being found guilty, I continue to demand

  • MEPs' call for Rainsy's safety not European Parliament position

    The European Parliament said on Friday that a statement by 56 Members of the European Parliament (MEPs) calling for guarantees of Sam Rainsy’s freedom and safety should he return to Cambodia did not represent its position. Delphine Colard, the European Parliament’s press officer told