Minister Samdech Akka Moha Sena Padei Techo Hun Sen led a high-ranking delegation of the Cambodian Government on an official visit to Vieät Nam from Thursday to Saturday.
The visit was made at the invitation of Prime Minister Nguyeãn Xuaân Phuùc. Vieät Nam and Cambodia officially established diplomatic relations on June 24, 1967. The two nations have regularly maintained the exchange of visits at all levels.
Vieät Nam has become one of Cambodia's leading economic partners with two-way trade reaching nearly US$3.8 billion in 2017, up more than 25 per cent year-on-year. The two countries are striving to raise the figure to $5 billion in the coming years.
Vieät Nam has to date invested in 206 projects in Cambodia with combined registered capital of $3.02 billion, ranking in the top five foreign investors in Cambodia. Meanwhile, Cambodia has poured $58.1 million into 18 projects in Vieät Nam.
Vieät Nam, South Korea ink plan to lift bilateral trade
Minister of Industry and Trade Traàn Tuaán Anh and South Korean Minister of Trade, Industry, and Energy Sung Yunmo signed a memorandum of understanding (MoU) in Seoul on Thursday on an action plan for attaining US$100 billion in bilateral trade by 2020.
The signing was witnessed by National Assembly Chairwoman Nguyeãn Thò Kim Ngaân, who is on an official visit to South Korea from December 4 - 7.
The MoU is important as it reflects the commitment of the two ministries to further lift twoway trade as agreed by the two countries' top leaders at the APEC Economic Leaders' Week held in Ñaø Naüng last year.
Under the action plan, the two sides will cooperate to support Vietnamese enterprises in enhancing their competitiveness in the fields of spare part manufacturing, automobiles, garment and textiles, footwear, and electronics. They agreed to facilitate the trade of agricultural products with the establishment of a working group among the Vietnamese Ministry of Industry and Trade; the RoK's Ministry of Trade, Industry, and Energy; and