Cambodia, VN, Cambodia promote border trade

The two sides discussed issues relating to the organisation of a conference developing border trade in 2018-2019 in Cambodia this year and the implementation of a project developing border trade through 2025 with a vision for 2035.

They agreed that the bilateral trade relations particularly through border have witnessed remarkable strikes, contributing to socio-economic development in each country as well as reinforcing the friendship and cooperation between two countries in general.

The two ministries said they will propose the building of more border markets as part of the cooperation programme between their governments and present this plan at the 16th meeting of the Vietnam-Cambodia Joint Committee on Economic, Cultural and Scientific-Technological Cooperation in Ha Noi on May 16.

They held that relating the conference on developing bilateral border trade in 2018-2019, Cambodia’s Ministry of Commerce will send a diplomatic note to Viet Nam informing the specific time, location and relevant expenses of the event.

On the project on Viet Nam-Cambodia border trade development to 2025 with a vision to 2035 drafted by the Vietnamese Ministry of Industry and Trade, Minister Pan Sorasaksaid Cambodia will study the project and exchange with Viet Nam so that the two sides can complete a draft one soon and sign for approval.

The two sides are maintaining good neighbourhood, traditional friendship and all-around cooperation. Last year’s bilateral trade hit US$3.8 billion, up 25% over a year earlier.

The two countries are destined to promote border trade activities towards US$5 billion bilateral trade target in the coming time.

The working delegation from Viet Nam’s Ministry of Industry and Trade is scheduled to make a fact-finding tour to the construction site of the Da market to inspect its progress on May 10-11.

By Hoang Ha