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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

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