Business

Vietnam, Cambodia promote border trade

Vietnamese Deputy Minister of Industry and Trade Do Thang Hai and Cambodian Minister of Commerce Pan Sorasak have discussed ways to speed up the construction of Da market – the first model border one between the two countries – scheduled to be completed at the end of 2018.
Vietnam, Cambodia promote border trade ảnh 1At the working session between Vietnam's Ministry of Industry and Trade and Cambodia's Ministry of Commerce (Photo: VNA)

Phnom Penh (VNA) – Vietnamese DeputyMinister of Industry and Trade Do Thang Hai and Cambodian Minister of CommercePan Sorasak have discussed ways to speed up the construction of Da market – thefirst model border one between the two countries – scheduled to be completed atthe end of 2018.

At their working session in Phnom Penh on May 10, the two sides exchanged someissues pertaining to the organisation of a conference developing border tradein 2018-2019 in Cambodia this year and the implementation of a projectdeveloping border trade through 2025, with a vision to 2035.

They agreed that the bilateral trade relationsparticularly through border have witnessed remarkable strikes, contributing tosocio-economic development in each country as well as reinforcing thefriendship and cooperation between Vietnam and Cambodia in general.

The two ministries said they will propose thebuilding of more border markets as part of the cooperation programme betweentheir governments and present this plan at the 16th meeting of theVietnam-Cambodia Joint Committee on Economic, Cultural andScientific-Technological Cooperation in Hanoi on May 16.

They held that relating the conference ondeveloping bilateral border trade in 2018-2019, Cambodia’s Ministry of Commercewill send a diplomatic note to Vietnam informing the specific time, locationand relevant expenses of the event.

On the project on Vietnam-Cambodia border trade developmentto 2025 with a vision to 2035 drafted by the Vietnamese Ministry of Industryand Trade, Minister Pan Sorasak said Cambodia will study the project andexchange with Vietnam so that the two sides can complete a draft one soon andsign for approval.

The working delegation from Vietnam’s Ministryof Industry and Trade is scheduled to make a fact-finding tour to theconstruction site of the Da market to inspect its progress on May 10-11.
Vietnam, Cambodia promote border trade ảnh 2Cambodian Minister of Commerce Pan Sorasak presents a souvenir to Vietnamese Deputy Minister of Industry and Trade Do Thang Hai (Photo: VNA)

Vietnam and Cambodia are enjoying soundneighbourhood, traditional friendship and comprehensive cooperation.

Two-way trade reached 3.8 billion USD in 2017,up 25 percent over the previous year.

The two countries are determined to boost bordertrade activities to soon realise the target of 5 billion USD in bilateral tradein the short run.-VNA
VNA
#border market #border trade #Ministry of Industry and Trade #commerce #Vietnam-Cambodia Joint Committee on Economic #Cultural and Scientific-Technological Cooperation #traditional friendship #comprehensive cooperation Cambodia Vietnam
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