PHNOM PENH, Nov. 12 (Xinhua) -- Cambodia and Vietnam have agreed to build a new industrial processing factory aimed at boosting the two countries' agricultural exports, national media reported Wednesday.
The factory will promote cooperation between the two largely agricultural countries and raise quality standards on export goods such as beans, corn, palm sugar and cashew nuts, the Phnom Penh Post said.
Officials say the products would be aimed at the local and export markets.
"The factory will be constructed near the border between both countries in order to capitalize on each country's resources," Hor Namhong, Cambodian Minister of Foreign Affairs and International Cooperation, was quoted as saying.
News of the partnership follows Prime Minister Hun Sen's return from a state visit to Vietnam, where he signed a trade agreement to increase cross-border commerce.
Trade between Cambodia and Vietnam reached 1.7 billion U.S. dollars through the first eight months of this year, Hor Namhong said, up from 1.19 U.S. dollars billion in 2007.
"Vietnam has more modern technology, capital and human resources than Cambodia, so (the new factory) will offer a significant tool to develop our economy," he said.
Le Bien Cuong, the commercial counselor at the Vietnamese embassy in Cambodia, said hopes were high that the factory would be completed soon, and that the plant would raise the quality of local products to international export standards.
The factory will promote cooperation between the two largely agricultural countries and raise quality standards on export goods such as beans, corn, palm sugar and cashew nuts, the Phnom Penh Post said.
Officials say the products would be aimed at the local and export markets.
"The factory will be constructed near the border between both countries in order to capitalize on each country's resources," Hor Namhong, Cambodian Minister of Foreign Affairs and International Cooperation, was quoted as saying.
News of the partnership follows Prime Minister Hun Sen's return from a state visit to Vietnam, where he signed a trade agreement to increase cross-border commerce.
Trade between Cambodia and Vietnam reached 1.7 billion U.S. dollars through the first eight months of this year, Hor Namhong said, up from 1.19 U.S. dollars billion in 2007.
"Vietnam has more modern technology, capital and human resources than Cambodia, so (the new factory) will offer a significant tool to develop our economy," he said.
Le Bien Cuong, the commercial counselor at the Vietnamese embassy in Cambodia, said hopes were high that the factory would be completed soon, and that the plant would raise the quality of local products to international export standards.
12 comments:
Find other buyers for our products who pays more than ah Yuon, and ah Dung (aka La Merde)they can put his factory into ah Hongnam Hor butts.
Go find new market for our products, you lazy bastard CPP.
Always doing the big nothing.
We can always torch the Yuon factory!!!
Yea burn that shitty factory. Doing business with Yuon is not profitable.
We have to think about our economy people. Wake up.
Until when you going to lick yuon's ass Hun Sen?
I bet stupid Cambodian leaders didn't know that Vietnam has over 80 million mouths to feed! All that I am seeing here is the fucking cooperation to feed the Vietnamese population not Cambodian!
There are many hunger going on in many parts of Cambodia and why Hun Sen government is so busying help the Vietnamese government to feed the Vietnamese population?
Something is wrong here! While Cambodia has plentiful of everything and Hun Sen wouldn't build the fucking factories to process the raw materials or turn the raw materials into useful products!
In Hun Sen mind, the Vietnamese know everything since he got his PHD from Hanio!
The fucked up Hun Sen does not care about Khmer people, he likes yuon's dick too much.
Right now in yuon land they have a hungry people, because of the recession, and ah Hun is helping them so they grow stronger and take the country.
Ah Sen is more stupid then a dog.
i think what cambodia and vietnam first need to work out together is to stop the animosity toward each other because without looking at this issue, people on both sides will always mistrust one another. this is where the real problem exists, the mutual animosity toward each race of people, and it goes both ways. both people needs to sit down and figure out what is really cause them to hate each other so much in the first place!
2:17 AM
You don't know the cause?
The Vietnamese government knew what they had done since 1949 and they have wounded Khmer national pride and the wounded heart would never heal as long as the Vietnamese government continues to deny the right of million and million of Khmer Krom people and keep them as their second class citizen!
Where is monk Tim Sakhorn! Where is he!
Probably ah Yuon kill Tim Sakhorn already.
Any join venture with Vietname mean cambodia spend 50 Vietname spend 50. Then after the project Veitname own and take 100% of the profits.
05 profit to the Cambodia people.
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