Two-way trade between Viet Nam and Cambodia is expected to hit the 1 billion USD mark in 2006 as the figure in the first nine months exceeded 600 million USD.
The information was announced by the Vietnamese Ministry of Trade at a meeting of the steering board for Viet Nam-Cambodia border trade held in the southwestern province of Tay Ninh on Nov. 1.
To achieve the target, Deputy Minister of Trade Phan The Rue urged localities bordering Cambodia to actively manage business activities in border areas in accordance with international trade rules.
He asked provinces to pour more money into building infrastructure facilities, developing services, attracting investment and creating jobs for local residents in border areas.
The official also called on relevant ministries and agencies to issue open, unified and transparent policies in order to facilitate operations of border economic zones.
At the meeting, many participants also raised their concerns about obstacles related to administrative procedures, customs clearance formalities, payment and tax deduction, which have hindered cross-border trade activities between the two countries.
Source: Vietnam Agency
The information was announced by the Vietnamese Ministry of Trade at a meeting of the steering board for Viet Nam-Cambodia border trade held in the southwestern province of Tay Ninh on Nov. 1.
To achieve the target, Deputy Minister of Trade Phan The Rue urged localities bordering Cambodia to actively manage business activities in border areas in accordance with international trade rules.
He asked provinces to pour more money into building infrastructure facilities, developing services, attracting investment and creating jobs for local residents in border areas.
The official also called on relevant ministries and agencies to issue open, unified and transparent policies in order to facilitate operations of border economic zones.
At the meeting, many participants also raised their concerns about obstacles related to administrative procedures, customs clearance formalities, payment and tax deduction, which have hindered cross-border trade activities between the two countries.
Source: Vietnam Agency
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