Hanoi (VNA) – A high-ranking delegation of the Cambodian NationalAssembly, led by the body’s President Samdech Heng Samrin, starts an officialvisit to Vietnam on May 28.
The three-day visit is made at the invitation of Vietnamese NA Chairwoman NguyenThi Kim Ngan.
Vietnam and Cambodia established diplomatic relations on June 24, 1967. The twoneighbouring countries stood side by side during past struggles againstcolonialists and the genocidal Khmer Rouge regime, and have supported eachother in national construction and defence.
Both countries have pursued a foreign policy of independence, self-reliance andmultilateralisation and diversification of relations.
Bilateral economic and trade ties have made big strides. With 210 projectsvalued at more than 3 billion USD, Vietnam has become one of the five biggestinvestors in Cambodia.
Meanwhile, Cambodia has run 19 projects worth 63.42 million USD in Vietnam,focusing on agriculture, forestry, fishery and commerce.
Two-way trade stood at 4.68 billion USD in 2018, up 23.76 percent against 2017.Of the amount, Vietnam’s exports were valued at 3.74 billion USD, up 34.98percent and imports were worth about 963 million USD, up 6.46 percentyear-on-year. Bilateral trade is expected to reach 5 billion USD by 2020. -VNA