Business

Vietnam, Cambodia, Laos seek to forge trade ties

A seminar was held in the southern province of Tay Ninh on December 20 to discuss measures to embrace border trade links between Vietnam, Cambodia and Laos.
A seminar was held in the southern province of Tay Ninh on December 20to discuss measures to embrace border trade links between Vietnam,Cambodia and Laos.

Themed “Tay Ninh – Gatewayto develop Vietnam-Cambodia-Laos border trade”, the event saw theparticipation of officials from the three countries and representativesfrom over 100 local and foreign businesses.

Attendees heard that from 2008 to late 2013, Vietnam’s total exports viaits border gates with the two neighbours were estimated to be 19billion USD, an average increase of 22 percent per year.

Vietnam is likely to fulfil the target of increasing its trade valuewith Laos and Cambodia to 2 billion USD and 5 billion USD respectivelyby 2015, said Deputy Minister of Industry and Trade Nguyen Cam Tu.

He suggested building infrastructure for cross-border import-exportactivities and developing the goods transport route from Tay Ninh toCambodian and Lao provinces.

Vietnam’s TradeCounsellor in Laos, Tran Bao Giam, recommended the trio further reformtheir procedures to facilitate the flows of passengers and cargo.-VNA
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