Cambodia’s import-export turnover reached 6.25 billion USD in the year’s first five months, a 20 percent rise from the same period last year.
According to the Cambodian Ministry of Commerce, the country’s exports hit 2.59 billion USD in the reviewed period, 27 percent more than last year’s figure.
In particular, garments, a Cambodian key export, contributed 80 percent of the total export value, up 22 percent against last year’s figure, followed by other major exports such as agricultural and wooden products.
Meanwhile, its imports were 3.66 billion USD, up 16 percent year-on-year.
Cambodia’s major trade partners include Thailand, the US, European countries, China, Singapore, Japan, the Republic of Korea, and Vietnam.-VNA
The sharp rise is regarded a good signal for achieving the target of US$2 billion in the two-way trade turnover set by the two countries’ prime ministers for this year. The target is achievable since Cambodia sees a strong economic recovery, said Cambodia’s Ministry of Commerce Secretary of State Chan Nora. Vietnam’s export staples to the neighbouring country are vegetable, fruits, plastic products, home utensils, construction materials, farming machines and fertilisers. Meanwhile, Cambodia exports wood, rubber, cashew nuts, maize, cassava among agricultural products to Vietnam. Last year, the bilateral trade turnover only stood at US$1.33 billion, down 19 percent from…... [read more]
(VOV) - Vietnamese businesses are enjoying more investment opportunities in Cambodia thanks to preferential trade conditions offered by both countries. Vietnam, Cambodia enhance economic cooperation Cambodia-Vietnam trade increases Vietnam's Cambodian investment projects success Vietnam is expected to increase its Cambodian market investments to US$3.2 billion. The value of two-day trade is predicted to hit US$5 billion in 2015. Cambodian Planning Minister Chhay Than says Cambodia is improving conditions for foreign investors, including those from Vietnam. A Vietnam-Laos-Cambodia ministerial meeting has been scheduled for the end of March 2013 to draw up plans aimed at developing the triangle area into a…... [read more]
Market flat but turnover soars Phuong Thao HCMC – The local stock market moved sideways for the second straight session on May 16 but turnover surged to a one-month high due to strong cash flow into the real estate sector. With decliners slightly outnumbering advancers by 147 to 120, the VN-Index lost a marginal 0.32 point, or 0.04%, at 725.03. Large caps were key laggards with SAB, CTG, VCB, HPG and VNM pushing the VN-Index down nearly 0.38%, in which banking and finance stocks CTG, VCB, STB and BVH collectively took away 0.15% from the main index. Trading volume on…... [read more]
Cross-border trade between Vietnam and Cambodia has grown incessantly at over 30 percent annual rate, meaning that the Vietnamese government's policy on developing border gate economic zones in the southwest has proved effective. Vietnam and Cambodia share 1,137 kilometers of borderline running through 10 provinces of Vietnam and nine provinces of Cambodia, with 10 international, 12 major and 25 minor border gates.Nguyen Thanh Bien, Industry and Trade deputy minister, said despite the global economic crisis, last year's two-way trade between the two countries fetched over US$1.4 billion, maintaining a growth rate of more than 30 percent.In the first quarter of…... [read more]
Domestic Press Highlights (26-08-2008) Viet Nam, Cambodia trade soars Trade volume between Viet Nam and Cambodia has reached US$900 million for the first half of the year, according to Viet Nam's trade counsellor in Cambodia. Bilateral trade may increase to $1.5 billion as targeted. Last year it was $1.2 billion. At a commercial conference early this year, the two countries planned to raise trade turnover to $2.3 billion by 2010 and $6.5 billion by 2015. Viet Nam's principal products exported to Cambodia were garments, electronics, seafood and vegetables. Nhan Dan (The People) Free-range ducks could transmit H5N1 virus Local authorities…... [read more]
Vietnam and Cambodia are neigbouring countries with long-term traditional friendship and solidarity, fostered by generations of leaders and people of the two countries. In recent years, the relations between two countries have witnessed a fine development with the exchange of visits of Party and State leaders, and officials from ministries and border provinces and mass organisations. This has made a contribution to boosting friendship and co-operation between Vietnam and Cambodia. In particular, the visit to Cambodia by Party General Secretary Nong Duc Manh in March 2005 was an important event, further confirming the basic principle for the Vietnam-Cambodia relationship: ‘Fine…... [read more]
Trade deficit soars to $14.4 billion since Jan (26-05-2008) HA NOI — Viet Nam's trade deficit in the first five months of this year reached US$14.4 billion, already $3.5 billion over the 2008 target. Economists from the General Statistics Office (GSO) attributed the deficit to high demand for materials, equipment and machines for production and construction, as well as a strong surge in auto and gold imports, which drove total import value 2.4 times higher than that of last year. Other factors driving up imports included constant moves to lower or remove taxes according to World Trade Organisation and AFTA…... [read more]
Hanoi (VNA) – Myanmar’s trade turnover with member countries of the Association of Southeast Asian Nations (ASEAN) hit 9.6 billion USD in the 2016-2017 fiscal year, which ended in March. Of the total, Myanmar’s export turnover to the regional trade partners reached 3.09 billion USD, while its import value was 6.51 billion USD, according to Myanmar’s Ministry of Commerce. Thailand was Myanmar’s biggest trade partner in ASEAN, with turnover of 4.27 billion USD. It was followed by Singapore with 2.96 billion USD, Malaysia with 980 million USD, Indonesia with 827 million USD, Vietnam with 494 million USD and the Philippines…... [read more]
(VOVworld)- Vietnam-UK bilateral trade turnover reached 3.4 billion USD in the last 8 months of this year and Vietnam's export volume to the UK soared to 3.1 billion USD. According to the Trade Office of the Vietnamese Embassy in the UK, these figures were up 25% from the same period last year. Vietnam's main exports to the UK are: radio, TV and mobile phone devices, digital devices, coffee, shoes, furniture, and plastic bags. Total bilateral trade turnover between Vietnam and the UK is forecast to hit 5.1 billion USD this year, up 17% compared to last year. Vietnam is the…... [read more]
VGP - A Viet Nam Business Forum, titled "Investment and operation in Cambodia-Chances and challenges" was held in Phnom Penh, Cambodia on November 15. The forum creates a chance for Vietnamese businesses to exchange and share information in operation and investment in Cambodia. Speaking at the opening ceremony, Vietnamese Ambassador to Cambodia Ngo Anh Dung stressed that the relationship between the two countries have allowed more Vietnamese businesses to invest here. In recent years, the Cambodian Government has applied open administrative procedures to develop the economy and trade to attract foreign investment, he added. Currently, Viet Nam is among the…... [read more]