Vietnam exports fall as Thai trust rises
Bilateral trade between Cambodia and Vietnam fell marginally by 6 per cent in the first half of this year largely due to a slump in Vietnamese exports, according to data from the Vietnamese Embassy in Cambodia.
Vietnam exports to Cambodia totalled $1.3 billion as of June 30, down 13 per cent from $1.51 billion recorded at the same time last year. Meanwhile, Cambodian exports to the neighbouring country, which largely consisted of seafood, tobacco, rubber and rice, increased 21 per cent year on year.
Lim Heng, vice president of the Cambodian Chamber of Commerce, said the flow of Vietnamese products into Cambodia is usually relative to the amount flowing from Thailand, as there is a deeper trust for Thai-made goods.
“The last few years, Thailand has been strict on exports to Cambodia due to that country’s political issues. Thus our people turn to use more Vietnamese products instead,” he said.
“But now the relationship between Cambodia and Thailand is improving, so Thai products flow better into Cambodia, which can slow the amount of goods coming from Vietnam.”
The Vietnamese Embassy could not be reached for comment.
By Hor Kimsay - The Phnom Penh Post - August 28, 2014
Cambodia wishes to boost trade with Vietnam to over $2.5bn
Visiting Cambodian National Assembly (NA) chairman Heng Samrin said in Hanoi on Monday that he hope Cambodia and Vietnam will foster cooperation to increase two-way trade to much more than the current US$2.5 billion.
The Cambodian legislative chief expressed his hope in his meeting with his Vietnamese counterpart Nguyen Sinh Hung on August 18 in Hanoi, as part of his three-day visit to Vietnam.
The guest highly valued the support of the Vietnamese NA for Cambodia and asked the two legislative bodies to continue strengthening their cooperation by increasing delegation exchanges and sharing experience in law making.
After hailing Vietnam’s socio-economic development, the Cambodian NA chairman suggested that countries to boost trade cooperation towards a two-way trade that is much higher than the current US$2.5 billion.
In reply, Chairman Hung described the guest’s visit as an important landmark in bilateral ties between the two NAs, significantly contributing to promoting the Vietnam-Cambodia friendship and solidarity.
He also enphasized that Vietnam shares difficulties and challenges facing Cambodia, especially those caused by hostile forces to harm the traditional solidarity between the two peoples.
In such a context, the two NAs should strengthen solidarity to protect their partnership outcomes and continue to support each other for the sake of both countries, Chairman Hung said.
He affirmed that the Vietnamese legislature and people will do their best to help the Cambodian people in building and maintaining peace, unity, independence and development.
The same day, Vietnamese President Truong Tan Sang and Prime Minister Nguyen Tan Dung also had talks with their Cambodian guest to discuss measures to expand bilateral ties between the two countries.
Tuoi Tre News - August 19, 2014