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Wednesday, December 16, 2009

Vietnam, Cambodia bilateral trade posts over $1 bln in first 10 months

Bilateral trade between Vietnam and Cambodia stood at 1.05 billion U.S. dollars in the first ten months of this year, down 28 percent year-on-year, according to the information center of Vietnamese Ministry of Industry and Trade on Wednesday.

Of the total, Vietnam raked in 907 million U.S. dollars from exports to the Cambodian market while spending 142 million U.S. dollars on imports from Cambodia, said the center.

For the whole year, Vietnam is expected to earn 1.2 billion U.S. dollars from sales to Cambodia and spend 170 million U.S. dollars on purchases from this market, local newspaper Vietnam Investment Review cited the estimates from the Ministry of Industry and Trade on Wednesday.
In 2010, Vietnam targets to increase bilateral trade with Cambodia to 2 billion U.S. dollars.

To reach the target, the ministry put forward a number of measures including boosting trade promotion activities and improving quality of Vietnamese products.

Last year, two-way trade between Vietnam and Cambodia reached 1.64 billion U.S. dollars, up from 1.19 billion U.S. dollars in 2007,according to the center.

Source: Xinhua

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