Vi­etä Nam, Cam­bo­dia ex­pand ties in ar­eas from forestry to fi­nance

Viet Nam News - - NATIONAL -

HAØ NOIÄ — The 16th meet­ing of the Vieät Nam-Cam­bo­dia Joint Com­mit­tee on Eco­nomic, Cul­tural and Sci­en­tific-Tech­no­log­i­cal Co­op­er­a­tion was held in Haø Noiä yes­ter­day, co-chaired by Viet­namese Deputy Prime Min­is­ter and Foreign Min­is­terPhamï Bìn­hMin­handCam­bo­dian Min­is­ter of Foreign Af­fairs and In­ter­na­tional Co­op­er­a­tion Prak Sokhonn.

Both Minh and Prak Sokhonn agreed that since the com­mit­tee’s pre­vi­ous meet­ing in March last year, the Vi­etä Nam-Cam­bo­dia re­la­tion­ship has grown con­tin­u­ously and notched many achieve­ments.

The two na­tions jointly held many ac­tiv­i­ties to mark Friend­ship Year 2017 and the 50th an­niver­sary of the es­tab­lish­ment of diplo­matic ties, in­clud­ing the ex­change of many high-level del­e­ga­tions.

Bi­lat­eral co­op­er­a­tion mech­a­nisms as well as part­ner­ships among min­istries, sec­tors and lo­cal­i­ties of both coun­tries have been strength­ened, while the land border de­mar­ca­tion and border man­age­ment have seen pro­gresses. Cur­rently, 84 per cent of land border de­mar­ca­tion and marker plant­ing work has been ac­com­plished, they noted, adding that the two sides are de­ter­mined to fin­ish the work soon in an ef­fort to build a shared border of peace, friend­ship, co­op­er­a­tion and sus­tain­able de­vel­op­ment.

Se­nior lead­ers of Vi­etä Nam and Cam­bo­dia also pledged to con­tinue cre­at­ing favourable con­di­tions for Viet­namese and Cam­bo­dian peo­ple to set­tle in each other’s ter­ri­to­ries in line with the laws of each na­tion.

The two sides high­lighted that bi­lat­eral eco­nomic ties have also seen pos­i­tive sig­nals with two-way trade reach­ing US$3.8 bil­lion in 2017, a rise of 25 per cent over 2016. Vi­etä Nam has in­vested in 196 projects in Cam­bo­dia with to­tal regis­tered cap­i­tal of $2.94 bil­lion, mostly in the agro-forestry sec­tor, mak­ing Vi­etä Nam one of the five big­gest foreign in­vestors in Cam­bo­dia.

At the same time, Cam­bo­dian firms have in­vested in 18 projects in Vi­etä Nam with com­bined in­vest­ment of $58.12 mil­lion.

Viet­namese in­vestors in Cam­bo­dia have been highly val­ued by Prime Min­is­ter Hun Sen and other Cam­bo­dian lead­ers for sig­nif­i­cant con­tri­bu­tions to the coun­try’s so­cioe­co­nomic de­vel­op­ment.

Mean­while, the two sides have worked to­gether to strengthen con­nec­tiv­ity in eco­nom­ics and trans­port. In July last year, they con­cluded ne­go­ti­a­tions on a mem­o­ran­dum of un­der­stand­ing on the Vi­etä Nam-Cam­bo­dia trans­porta­tion co­op­er­a­tion strat­egy in the 2018-25 pe­riod with a vi­sion to 2030.

The two coun­tries in­au­gu­rated a bridge con­nect­ing Long Bình (An Giang) and Chrey Thom (Kan­dal) in April 2017, while open­ing to traf­fic the Leä Thanh (Gia Lai) - Oya­dav (Rat­tanakiri) border gate in July 2017.

Ev­ery year, Vieät Nam has granted hun­dreds of schol­ar­ships to Cam­bo­dian stu­dents, while Cam­bo­dia has also helped Vi­etä Nam in per­son­nel train­ing.

At the meet­ing, the two sides dis­cussed ma­jor ori­en­ta­tions and spe­cific mea­sures to fur­ther ex­pand and deepen the bi­lat­eral part­ner­ship. They agreed to bol­ster co­op­er­a­tion in per­son­nel train­ing, while cre­at­ing op­ti­mal con­di­tions for eco­nomic, trade and in­vest­ment re­la­tions.

They will con­tinue to re­in­force and boost co­or­di­na­tion in se­cu­ri­ty­de­fence, trans­port in­fra­struc­ture de­vel­op­ment, in­dus­try-min­ing-en­ergy, agro-forestry-fish­eries,...

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