Huge Trade Deficit and Imbalance? Cambodia had imported commodities worth $780 million from Vietnam last year, mainly clothes, electrical cable, household plastic products, noodles, electronic spare parts ... It had exported to Vietnam products worth around $170 million, including rubber, forestry, raw materials for garments, tobacco, wooden products.
Vietnamese President Nguyen Minh Triet, left, and Cambodian Prime Minister Hun Sen
Trade between Vietnam and Cambodia is expected to grow by 27 percent annually to reach US$2.45 billion by 2010, a Cambodian official said Wednesday.
"There will be a significant rise from the $940 million in 2006," Kith Meng, president of the Cambodia Chamber of Commerce, told the one-day Cambodia-Vietnam Business Forum.
The forum, held in Phnom Penh, was attended by Cambodian Prime Minister Hun Sen and visiting Vietnamese President Nguyen Minh Triet and over 300 businesses from the two countries.
Meng said the two countries now had “the opportunity to take one step further and develop stronger ties” and hoped that “grass will never grow on our trading paths."
"We must find ways to enhance the inter-connectivity, boost investor confidence, and open up more sectors that can operate seamlessly across our economies," he added.
Triet said Cambodia was a country of great potential for Vietnamese businesses and asked them to do their utmost to boost cooperation with Cambodian partners.
Kam Si Than, acting Commerce Minister, told the forum that Vietnam was Cambodia’s fourth biggest trading partner last year.
Cambodia had imported commodities worth $780 million from Vietnam last year, mainly clothes, electrical cable, household plastic products, noodles, electronic spare parts.
It had exported to Vietnam products worth around $170 million, including rubber, forestry, raw materials for garments, tobacco, wooden products.
Donation, trade agreements
Cambodian and Vietnamese officials signed two agreements on trade cooperation and sports on the sideline of the forum.
Under the trade cooperation agreement, ALPHANAM Sai Gon JSC of Vietnam will supply Amatak Angkor Elevator Company Ltd. of Cambodia electronic equipment worth around $5 million.
The sports agreement states that Vietnam will donate to the National Olympic Committee of Cambodia equipment worth $400,000.
Triet arrived in Phnom Penh on Tuesday for a three-day visit at the invitation of Cambodian King Norodom Sihamoni.
He met with King Sihamoni, Senate President Chea Sim, National Assembly President Heng Samrin and Hun Sen to discuss bilateral ties and cooperation.
Source: VNA, Xinhua
Trade between Vietnam and Cambodia is expected to grow by 27 percent annually to reach US$2.45 billion by 2010, a Cambodian official said Wednesday.
"There will be a significant rise from the $940 million in 2006," Kith Meng, president of the Cambodia Chamber of Commerce, told the one-day Cambodia-Vietnam Business Forum.
The forum, held in Phnom Penh, was attended by Cambodian Prime Minister Hun Sen and visiting Vietnamese President Nguyen Minh Triet and over 300 businesses from the two countries.
Meng said the two countries now had “the opportunity to take one step further and develop stronger ties” and hoped that “grass will never grow on our trading paths."
"We must find ways to enhance the inter-connectivity, boost investor confidence, and open up more sectors that can operate seamlessly across our economies," he added.
Triet said Cambodia was a country of great potential for Vietnamese businesses and asked them to do their utmost to boost cooperation with Cambodian partners.
Kam Si Than, acting Commerce Minister, told the forum that Vietnam was Cambodia’s fourth biggest trading partner last year.
Cambodia had imported commodities worth $780 million from Vietnam last year, mainly clothes, electrical cable, household plastic products, noodles, electronic spare parts.
It had exported to Vietnam products worth around $170 million, including rubber, forestry, raw materials for garments, tobacco, wooden products.
Donation, trade agreements
Cambodian and Vietnamese officials signed two agreements on trade cooperation and sports on the sideline of the forum.
Under the trade cooperation agreement, ALPHANAM Sai Gon JSC of Vietnam will supply Amatak Angkor Elevator Company Ltd. of Cambodia electronic equipment worth around $5 million.
The sports agreement states that Vietnam will donate to the National Olympic Committee of Cambodia equipment worth $400,000.
Triet arrived in Phnom Penh on Tuesday for a three-day visit at the invitation of Cambodian King Norodom Sihamoni.
He met with King Sihamoni, Senate President Chea Sim, National Assembly President Heng Samrin and Hun Sen to discuss bilateral ties and cooperation.
Source: VNA, Xinhua
5 comments:
KHMENG WAT KHNONG SROK
TO
BUNHEANG, KHMER THIUE KY, KHMER SAM RAINSHIT, KHMER SVA AND DERACHHANN , KHMER GANGS AS THE IMPOSTER FOR BEING KHMENG WAT KHNONG SROK AND KIMADAY! THEY ARE THE TRAITORS, THE IMPOSTERS AND THE INFIDELS OF THE KHMER NATION AND RELIGION.
I URGE TO ALL KHMENG WAT AROUND THE STATES , CANADA AND AUSTRALIA!
1- HACK THEM TO DEATH
2-CLUB TO DEATH
3-BOMB THEIR CAGES OF SHIT AND BURNED TO DEATH
4- HANG THEM TO DEATH
AND THEY WILL NEVER BE REBORN AS HUMANS AGAIN.
GOD FORGIVES ME....
THEY DESERVED TO BE TREATED AS SUCH!!!! SATHOUK... SATHOUK...SATHOUK AND AMEN!
KHMENG WAT KHNONG SROK
Doi Moi policy of Vietnam is very subtle and hideous to Cambodia.
This boost of trade benefits only to Vietnam:
1. Imballanced of trading that Khmer lost trade ballance of 7 millions each year.
2. Can lead to the extinction of Khmer natural resources
3. Weak law and corruption mushrooming of current Cambodian government validate the benefits only to corrupted.
4. Modern Doi Moi expansionism is clearly strategized and mechanized.
The declaration of both partners, Nguyen Minh Triet and Somdach Hun Sen, plays important role in the public for Vietnam only. Behind the scene, Vietnam understands well that present government led by Hun Sen is already absolutely under their grip and mechanism.
Hun Sen and other Khmer leaders need to do sacrifice themselves if you all want Khmers have bright future and can avoid from subtle expansionism grip of imperialist Vietnam in this 21st century.
You all Khmer leaders, knows or pretend not to know or cannot comprehend Vietnam's tactics, or close your eyes not want to know because VN is your master and under personal safety; must understand that such illusive action can not deceive Khmer young generation.
This is a classic example of colonialism in early America. Cambodia sells cheap raw materials to Vietnamese and in return it has to buy expensive finished products from them. That's what happen when you have an ignorant, psychotic leader running your country. Or is it a dumb, psychotic puppet.
Oh good, this mean we are on the
right track. Soon, we will be one
of the super power, just like the
US.
Eh, 11:59 AM. You mistyped. Your country will be the lowestpower. It will take China at least 5o more years to be US today. By the time China reaches her 50 more years, we the US finished our Kingdom with Las Vegas on Planet Mars (Red Planet).
And if you guy react we will shoot hundred to thousand missiles to clean up your mess or crawling underneath of the ground execute your country from within.
Read more and do more search beofre you brag with your stupid big mouth.
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