Developing import-export and investment between Vietnam ’s key southern and southeastern regions and Cambodia was the theme of a seminar held in Tay Ninh province on Dec. 22.
Representatives from the Ministry of Industry and Trade of Vietnam and the Bilateral Trade Department of Cambodia and enterprises of the two countries attended the seminar.
The seminar was held to create opportunities for enterprises of the two countries to develop business with markets on each side.
Participants agreed that they had not yet taken full advantage of their market potential to boost exports and cooperation towards nearby markets.
They also agreed that Vietnam ’s key southern and southeastern regions and Cambodia were mutually attractive markets.
Vietnam ’s southern economic region has advantages in infrastructure, including airports, ports, highways, and many large industrial parks. Meanwhile, Cambodia is an “open” market with enormous potential.
Enterprises in the southern and southeastern regions have invested in rubber production, telecoms, banking and expanding supermarket systems in Cambodia .
Vietnam ’s southern and southeastern regions cover 10 provinces, with three provinces – Tay Ninh, Long An and Binh Phuoc – sharing a common border with Cambodia . Those provinces have four international border gates, six main border gates and 15 sub-border gates.
Vietnam-Cambodia import-export turnover increases 30 percent annually.
In 2009, the figure was 1.33 billion USD and is expected to hit 1.7 billion USD in 2010. Of the 2010 value, the key southern economic region contributed 62.32 percent.
They exported construction materials, electrical appliances, electronics, cosmetics, foodstuff and beverages, and imported farm produce, rubber latex and flour.
However, Vietnamese enterprises said there have been disadvantages in infrastructure at border areas as well as in information on trade and investment between the two sides.
They highlighted the need for investment to improve infrastructure at border areas, boost trade promotion of their products and conduct seminars and fairs to boost exports to Cambodia and step by step to bring products to Thailand and Laos through Highways 6 and 7./.
Representatives from the Ministry of Industry and Trade of Vietnam and the Bilateral Trade Department of Cambodia and enterprises of the two countries attended the seminar.
The seminar was held to create opportunities for enterprises of the two countries to develop business with markets on each side.
Participants agreed that they had not yet taken full advantage of their market potential to boost exports and cooperation towards nearby markets.
They also agreed that Vietnam ’s key southern and southeastern regions and Cambodia were mutually attractive markets.
Vietnam ’s southern economic region has advantages in infrastructure, including airports, ports, highways, and many large industrial parks. Meanwhile, Cambodia is an “open” market with enormous potential.
Enterprises in the southern and southeastern regions have invested in rubber production, telecoms, banking and expanding supermarket systems in Cambodia .
Vietnam ’s southern and southeastern regions cover 10 provinces, with three provinces – Tay Ninh, Long An and Binh Phuoc – sharing a common border with Cambodia . Those provinces have four international border gates, six main border gates and 15 sub-border gates.
Vietnam-Cambodia import-export turnover increases 30 percent annually.
In 2009, the figure was 1.33 billion USD and is expected to hit 1.7 billion USD in 2010. Of the 2010 value, the key southern economic region contributed 62.32 percent.
They exported construction materials, electrical appliances, electronics, cosmetics, foodstuff and beverages, and imported farm produce, rubber latex and flour.
However, Vietnamese enterprises said there have been disadvantages in infrastructure at border areas as well as in information on trade and investment between the two sides.
They highlighted the need for investment to improve infrastructure at border areas, boost trade promotion of their products and conduct seminars and fairs to boost exports to Cambodia and step by step to bring products to Thailand and Laos through Highways 6 and 7./.
