Vietnam, Cambodia Boost Trade and Investment

After being approved by the Vietnamese Ministry of Industry and Trade and the Cambodian Ministry of Commerce, the 2010 High Quality Vietnamese Product and Export Fair took place from April 3-7 in Phnom Penh, Cambodia.

In 2009, trade between Vietnam and Cambodia decreased by 18.7 percent when compared with figures from 2008, which totaled about US$1.3 billion. In the first two months of 2010, the two countries exchanged US$264.7 million worth of products, which was an increase of 54.8 percent when compared to trade during the same period in 2009. The two countries expect bilateral trade to reach US$2 billion in 2010.

The 2010 High Quality Vietnamese Product and Export Fair is believed to contribute to strengthening the friendship between Vietnam and Cambodia and boosting bilateral trade. It will give Vietnamese companies new opportunities to invest in Cambodia. Cambodian Prime Minister Samdech Akeah Mohasena Baday Hun Sen is determined to develop the border areas in order to promote peace and prosperity. Therefore, the Cambodian Ministry of Commerce has many programs to promote trade with neighboring countries, especially Vietnam.

This was the ninth fair of this kind in Cambodia. In previous years, the fair attracted a lot of Cambodian visitors. This year, the fair was an important part of An Giang province’s export promotion program for 2010. Following this fair, the Tinh Bien International Fair will be organized in May. The 2010 High Quality Vietnamese Product and Export Fair gave border-crossing economic zones in An Giang Province a chance to boost trade between Vietnam and Cambodia. I hope that the fair will help more Vietnamese companies make a mark in the Cambodian market. I also hope that Vietnamese products will continue to win the trust of Cambodian consumers.

This was the ninth time I have taken part in a fair like this. Participation in the fair allowed me to learn about the Cambodian market in order to expand the distribution network of ABC Bakery. I have opened two distribution centers in Cambodia and after this fair is over, I will open one more in the next several months.

We have partners in many other countries but we prefer to do business with the Vietnamese people because we love Vietnam. We have land and capital and we want to cooperate with Vietnamese companies because they have experience and good techniques, especially in the field of agricultural production.

Tags: Vietnam Cambodia cooperation