Vietnamese goods secure firm foothold in Cambodia

A fair showcasing high-quality Vietnamese products and exports will take place in the Cambodian capital city of Phnom Penh from April 3-7.

The fair, the ninth of its kind, is not only a trade promotion activity but also serves as an opportunity for Vietnamese businesses to affirm the quality and foothold of their products in the neighbouring market.

Director of the Business Studies and Assistance Centre (BSA) Vu Kim Hanh said this year’s event is expected to see a larger number of participating companies than previous years.

Various cultural, sports and social activities will be organised during the occasion, such as art performances and provision of free medical checks-up and medicines to the poor in Phnom Penh , Kandal and Takeo provinces, Hanh added.

As part of the fair, 100 Cambodian distributors and agents will meet with 100 producers and 100 entrepreneurs from Vietnam to seek partnerships and increase Vietnamese investments in the country.

The Cambodian commercial counsellor in Vietnam , Yeav Kim Hean, saidVietnam now has an important advantage to boost the flow of its goods toCambodia when local consumers are shifting from Thai products to those imported from Vietnam .

According to the Vietnam Trade Promotion Agency, the market share for Vietnamese goods in Cambodia has climbed by 40 percent over the past three years with aquatic products, construction steel and processed farm produce taking lead from 67 percent to 80 percent.

Vietnam ’s export staples to Cambodia include instant noodles, plastics products, cigarettes, confectioneries, maize seeds, home appliances, fruits and vegetables, construction steel, agricultural machines, fertilizers, pesticides, consumer goods and processed farm produce. Meanwhile, it mainly imports garment materials, automobile spare parts, wood and rubber from Cambodia .

Vietnam and Cambodia have set a target of 2 billion USD in two-way trade this year.

Tags: Vietnam goods in Cambodia