May Kunmakara
The Phnom Penh Post
CAMBODIA’S bilateral trade with Vietnam saw a further decline in October, dropping 39 percent year on year, according to official figures released Monday by the Vietnamese embassy in Phnom Penh.
Trade was down to US$103 million in October, down from $169 during the same month last year. The fall was greater than the aggregated year-to-date slide of 29.7 percent for the first 10 months, meaning a recovery in trade with one of the Kingdom’s most important economic partners has failed to materialise. Bilateral trade was down an annualised 22.8 percent in September.
“People [in the two countries] don’t earn well, meaning they have had to cut expenses,” Le Bien Cuong, Vietnam’s commercial counsellor in Phnom Penh, said Monday, also citing a drop in Cambodia’s imports of raw materials for the key construction and garment sectors.
Two-way trade stood at $1.049 billion this year to the end of October from $1.493 billion over the same period last year.
Still, Chan Sophal, president of the Cambodian Economic Association, said Monday that there had been flight from Thai products to those from Vietnam in the wake of the diplomatic dispute with Bangkok.
“The more problems that exist with Thailand, the more progress is made with Vietnam,” he said, although it remained difficult to back up this claim statistically given that trade data for November – when relations with Thailand reached a recent low – will not be available for another month.
Cuong predicted trade between Cambodia and Vietnam would be down about 20 percent overall for 2009 compared with last year.
Trade was down to US$103 million in October, down from $169 during the same month last year. The fall was greater than the aggregated year-to-date slide of 29.7 percent for the first 10 months, meaning a recovery in trade with one of the Kingdom’s most important economic partners has failed to materialise. Bilateral trade was down an annualised 22.8 percent in September.
“People [in the two countries] don’t earn well, meaning they have had to cut expenses,” Le Bien Cuong, Vietnam’s commercial counsellor in Phnom Penh, said Monday, also citing a drop in Cambodia’s imports of raw materials for the key construction and garment sectors.
Two-way trade stood at $1.049 billion this year to the end of October from $1.493 billion over the same period last year.
Still, Chan Sophal, president of the Cambodian Economic Association, said Monday that there had been flight from Thai products to those from Vietnam in the wake of the diplomatic dispute with Bangkok.
“The more problems that exist with Thailand, the more progress is made with Vietnam,” he said, although it remained difficult to back up this claim statistically given that trade data for November – when relations with Thailand reached a recent low – will not be available for another month.
Cuong predicted trade between Cambodia and Vietnam would be down about 20 percent overall for 2009 compared with last year.
9 comments:
Although I live in the US, I still hate or won't buy stuff "MADE IN VIETNAM"
Fuck the Vietnamese.
I will always be Vietnamese enemy. Fuck all Ah Yuon. Fuck Ah Hun Sen.
That is good news. Because we don't want anymore Vietnamese's junks dump in our country. We don't expect the products that manufactured by the dog & rate eater are any good.
That is good news. Because we don't want anymore Vietnamese's junks dump in our country. We don't expect the products that manufactured by the dog & rate eater are any good.
In fact, the trade is up 26% since Cambodia and Thailand are in head on collision, but to put this rise of trade into more kind of calamity matter of hot politic water. VN has come up with smoothly way to say that the Trade is down rather up. so Cambodian people would not be alarm as ell as Thai.
When Khmers opened their mouths, it is only to say "fuck this, fuck that".
They don't dare to fight the Viets but only to complain. Soon Cambodia will be absorbed by Vietnam.
It’s a big joke or political game from yuons again. yuons had profit thai khmer trouble to increase its investment and influence over Cambodia, now yuons claimedthat its trade with Cambodia is in decline. Perhaps yuons just dont want to panic thais while stabbing thai market in Cambodia
hell, who cares about viet!
What about ala the Khmer entertainers who receive plastic surgery from Vietnam? These people must also stop. If they do, they will regretfully pay additional money for the corrective surgency in other country, because the Vietnamese not only fuck with our Khmer people and our land, they also fucking toying with these poor faces.
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