Vietä Nam, Cambodia expand ties in areas from forestry to finance
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 committees 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 others 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 countrys 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,...