Vietnam-Cambodia trade to post 27-pct annual growth by 2010

Trade between Vietnam and Cambodia is expected to annually rise 27 percent to 2.45 billion U.S. dollars in 2010, according to a local trade agency on Friday.

Of the total trade, Vietnam is expected to export goods worth some 1.9 billion dollars to the foreign country, said the Export and Import Department under the Trade Ministry.

Vietnam, the 4th biggest exporter of Cambodia, is expected to increase the export percentage of industrial products to the neighbor country, while decreasing that of fuels and minerals, and maintaining that of agricultural, forestry and fishery products, and foodstuffs.

Specifically, the export percentages of industrial items, fuels and minerals, and agricultural, forestry and fishery products are expected to respectively stand at 55 percent, 37 percent and 8 percent in 2010, and 63 percent, 29.5 percent and 7.5 percent in 2015.

For imports, the country is set to import mostly semi-processed agricultural, forestry and fishery products from Cambodia.

Vietnam needs to expand trade with Cambodia at border areas, and give priorities to trade activities through land border gates, said the department.

Trade between Vietnam and Cambodia reached 940 million dollars in 2006, posting year-on-year rise of 35.6 percent, said the department.

Source: Xinhua