Cambodia Third Role Trading Market: Vietnam

Ngo Anh Dung said on the Cambodia Television Network (CTN) talk show that “Cambodia is the third role of trading market of Vietnam and are cooperating with other biggest companies in the world.”

“We have over 100 companies are investing and more than US$700 million in Cambodia, but uncounted the big companies as well,” he stressed.

Ngo Anh Dung said that some are involved in big projects such as a fertilizer factory, rice cultivation and export, agricultural improvement and the Se San II hydropower project in Stung Treng province.

Vietnam has also cooperated with Cambodia closely on rubber growing, he added. Cambodia-Vietnam are closely linked so it is easy to transport by ships or trucks through Mekong River and by National Highway, “so we have some plans to cooperate with Cambodia to invest in mine research, communication, and develop all sectors.”

“Recently, Cambodia-Vietnam closely to on the tourist sector with Angkor Airlines, so it can say that all business, Vietnam and Cambodia, are in good communication and terms for sustainable trading,” said Ngo Anh Dung. “Cambodia’s tourist sector will be better than before, because both countries cooperate together.”

A railway from Preah Sihanouk province to Ho Chi Minh City, linking ASEAN with China will also boost links, he added, as will a reciprocal visa waiver for citizens of both countries.

“In 2009, Cambodian tourists increased about 88 percent to visit in Vietnam,” he stressed.

If we compared in 2008 to 2009 all increasing investment amount US$1.6 billion between Cambodia and Vietnam.

“Cambodian, Ministry of Agriculture Forestry and Fisheries gave the agro landing of 50,000 ha to 8 companies to plant the rubbers, now we have 20,000 rubber trees since 2007-2009,” Mony added.
He continued that “We have a plan to plant them [rubbers] more about 20 thousand ha in 2010 and in 2015; we have 10,000 ha.”

Sam Rainsy Party Kampong Cham Parliamentarian Mao Mony Van of said that “Cambodian government had rent in contract till 90 years, so it maybe loses Cambodian lands of ha; we are worry about this consideration.”

“Cambodia has many agricultural investors, why not give a chance them to hold this task, however, give the chance to Vietnam, it Cambodian investors responded on this, it is good,” Van added.

Vietnamese Ambassador said that “Vietnam had four various projects included first, Cambodia-Vietnam are neighbors, second, both countries are friendly, third, we all cooperated sectors together, and the fourth, we are long live in business.”

We have over 1,200 kms linked with and Vietnam has 10 provinces for Cambodia also has 9 provinces are closely borders between communication of us, ANH stressed.

Cambodian Ambassador in Vietnam and Commercial officer Yiv Kimhan said that “Cambodia is a potential country of marketing trade, and all Cambodian people will consider on Vietnam instead of Thailand goods importing.”