On the afternoon of April 28, in Hanoi, the Vietnamese Ministry of Industry and Trade and the Cambodian Ministry of Commerce agreed to set a target of raising bilateral trade turnover to 20 billion USD in the coming time.
Vietnam-Cambodia bilateral trade is not only growing in scale, but is also gradually changing in quality, with the emergence of more and more new cooperation models, modern distribution channels and the dynamic participation of young businesses, especially in the fields of technology and e-commerce.
Trade promotion and business connection activities have been continuously maintained and effectively promoted, contributing to market expansion and creating momentum to promote economic and trade cooperation.
In particular, border trade between the two countries has recorded many advances, but is still facing a number of difficulties that need to be resolved by the two sides in the coming time.
The Cambodian Ministry of Commerce proposed that the two sides study the establishment of a Vietnam-Cambodia Bilateral Trade Cooperation Committee, and at the same time assign experts from the two ministries to coordinate specific work and develop a detailed implementation plan.
In addition, Cambodia will study and implement a number of projects in border economic zones, promote the exchange of goods at border gates, contribute to creating more favorable conditions for bilateral trade and investment, and connect businesses of the two countries.
Authorized by the two governments , Vietnamese Minister of Industry and Trade Nguyen Hong Dien and Cambodian Minister of Commerce Cham Nimul signed an agreement to promote bilateral trade between the two governments for the 2025-2026 period.
This is an important legal document of great significance to the business communities of the two countries as it provides preferential tariffs for many goods with strengths of each side, more preferential than the ASEAN Trade in Goods Agreement (ATIGA).
In 2024, total bilateral trade turnover will reach 10.1 billion USD, up 17.5% compared to 2023, reversing the downward trend of the previous year and demonstrating a positive and sustainable recovery in the context of a volatile global economy.
In the first quarter of 2025, two-way trade turnover reached 3.2 billion USD, up 10.2% over the same period. Of which, Vietnam's exports to Cambodia reached 1.3 billion USD (up 9.3%) and imports reached 1.9 billion USD (up 10.9%).
Vietnam is currently Cambodia's third largest trading partner in the world (after China and the US) and Cambodia's largest trading partner in ASEAN. In turn, Cambodia is Vietnam's fourth largest trading partner in ASEAN.
Source: https://hanoimoi.vn/viet-nam-campuchia-ky-ket-thoa-thuan-thuc-day-thuong-mai-voi-nhieu-uu-dai-thue-quan-700687.html
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