Prime Minister Pham Minh Chinh’s official visit to Cambodia from November 8-9 and his attendance at the 40th and 41st ASEAN Summits and related Summits from November 10-13 are expected to help boost bilateral trade cooperation which has reported positive growth over the recent past.
Vietnam-Cambodia trade expected to surpass 11 billion USD this year (Photo: VNA)
Hanoi (VNA) – Prime Minister Pham Minh Chinh’s officialvisit to Cambodia from November 8-9 and his attendance at the 40th and 41st ASEAN Summits and related Summits from November 10-13 areexpected to help boost bilateral trade cooperation which has reported positive growthover the recent past.
According to the Ministry of Industry and Trade, in the2016-2020 period, two-way trade recorded an annual average growth rate of 17%,from 2.92 billion USD in 2016 to 5.31 billion USD in 2020.
The turnover surged by 79.1% to 9.54 billion USD last year, andis expected to surpass 11 billion USD this year, as it reached 8.45 billion USDin the first nine months of this year.
Along with bilateral deals such as the border tradeagreement and the bilateral trade promotion agreement, those in ASEAN are hopedto continue connecting the Vietnamese and Cambodian economies.
Illustrative image (Photo: VNA)
These agreements are also expected to create moreopportunities for investors of Vietnam, Cambodia and the third country to make the most of each nation's advantages to expand investment and business activities anddevelop regional value chains for export to ASEAN countries and other marketsaround the world.
Vietnam and Cambodia also have great potential to continuepromoting cooperation in specific fields such as consumer goods production,energy, electricity, mining, processing, agriculture, forestry and fishery.
Statistics show that to date, Vietnam has 198 validinvestment projects in Cambodia with a total registered capital of 2.92 billionUSD.
At the talks on the sidelines of the 54th ASEANEconomic Ministers’ Meeting in Cambodia in September, Minister of Industry andTrade Nguyen Hong Dien and Cambodian Minister of Commerce Pan Sorasak agreed topromote cooperation in border trade through upgrading border gate pairs andopening new border markets.
To foster the bilateral trade, the Vietnamese ministry plansto chair a Vietnam - Cambodia Business Forum and send business delegations to aone province one product (OPOP) fair scheduled for December in Phnom Penh./.
Prime Minister Pham Minh Chinh will pay an official visit to Cambodia from November 8-9 and attend the 40th and 41st ASEAN Summits and related Summits from November 10-13, at an invitation of his Cambodian counterpart Samdech Techo Hun Sen – the ASEAN 2022 Chair.
Vietnamese Prime Minister Pham Minh Chinh’s official visit to Cambodia, from November 8-9, is expected to further bring the relations between the two countries to a new period on the basis of equality, mutual benefit, effective cooperation and respect for each other’s interests, a diplomat has said.
Prime Minister Pham Minh Chinh’s upcoming trip to Cambodia offers an opportunity for Vietnam to affirm the consistent foreign policy of the Vietnamese Party and State.
Prime Minister Pham Minh Chinh and a high-ranking Vietnamese delegation left Hanoi on November 8 morning for Cambodia to start an official visit to the neighbouring country and to attend the 40th and 41st ASEAN Summits and related Summits.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
Vietnam-Cambodia trade expected to surpass 11 billion USD this year (Photo: VNA) 
Illustrative image (Photo: VNA) 
