Hanoi's marching order: Boost the one-sided trade to $2 billion

Vietnam, Cambodia talk trade cooperation

16/03/2009
VietNamNet/VNA

VietNamNet Bridge – Vietnamese Minister of Industry and Trade Vu Huy Hoang and Cambodian Minister of Trade Cham Prasidh held talks in Phnom Penh on March 16, agreeing to accelerate trade activities towards a target of 2 billion USD in turnover by 2010.

During the talks, the two ministers reviewed the implementation of trade cooperation agreements and discussed obstacles on the way to reach the targets.

The two sides agreed in principle to set up a coordination mechanism, probably a specialised board co-chaired by the two ministers, to deal with emerging issues in a timely manner.

They agreed that the two countries should meet to revise existing regulations on customs procedures for transit goods and border gate management in order to facilitate goods transport and travel along their shared border.

After the talks, the ministers signed minutes of their meeting, pledging to accelerate the implementation of trade agreements signed by the two countries’ Prime Ministers and the two ministries. They also plan to cooperate in personnel training hold more meetings between the two ministries to solve any rising problems, and promote border trade to boost sales of agricultural products and create more jobs for border inhabitants.

Earlier the same day, the two ministers co-chaired the opening ceremony of the second conference on Vietnam-Cambodia border trade cooperation.

During his stay in Cambodia from March 15-16, Minister Hoang was received by the Cambodian Prime Minister. He also had a working session with Vietnamese investors in Cambodia to learn of their projects and their difficulties in the process of implementation.

Trade with VN should start with TRUST and RESPECT, and not with TRAMPLING of Khmer rights (Tim Sakhorn) and VIOLATING Cambodian borders

Travellers pass the Phnom Den-Tinh Bien International Border Gate in An Giang Province to trade goods every day. — VNS Photo Phan Trong An

Viet Nam and Cambodia vow to develop trade during visit

08-11-2007
VNS

PHNOM PENH — Viet Nam and Cambodia should further develop co-operation in industry and trade and effectively implement signed bilateral and multilateral agreements and mutual development commitments to support regional and international integration.

The statement was made by Cambodian Prime Minister Hun Sen when receiving Viet Nam’s Minister of Industry and Trade Vu Huy Hoang in Phnom Penh on Monday.

On the same day, Minister Hoang was received by Deputy Prime Minister and Chairman of the Cambodian National Petroleum Authority Sok An.

Sok An expressed the need to strengthen co-operation between Viet Nam and Cambodia in industry and trade, especially in oil and gas exploration and exploitation. He affirmed that Cambodia was ready to boost oil and gas co-operation with foreign partners, including Viet Nam.

At a working session with Cambodian Minister of Industry, Mines and Energy Suy Sem, the two sides signed a memorandum of understanding on speeding up the construction of a 220kV transmission line between Viet Nam and Phnom Penh through the border Takeo Province as well as a 110kV power transmission system in the border Kompong Cham Province.

They also agreed to jointly implement projects in industry, mining and energy that are part of a co-operative programme approved at the 9th session of the Viet Nam-Cambodia Intergovernmental Committee in Phnom Penh on August 21.

These include projects to build a hydropower plant on Se San River, establish a mineral exploitation joint venture and train labour for Cambodia.

Minister Hoang and Cambodian Minister of Trade Cham Prasit signed a memorandum of understanding stating that Viet Nam would allow Cambodia to enjoy tariff incentives and non-quota policies on 25 agricultural products.

The two ministers affirmed that two-way trade between Viet Nam and Cambodia would reach U$1 billion this year.

During its stay in Cambodia from November 4 to 6, the delegation worked with the Cambodia Development Council and attended the closing ceremony of the Viet Nam-Cambodia Trade Fair 2007 in Phnom Penh.