Vietnam, Cambodia target $20 bln in bilateral trade

Vietnam and Cambodia set a target of $20 billion in bilateral trade in the future, according to Vietnamese Minister of Industry and Trade Nguyen Hong Dien.

During his talks held with Cambodian Minister of Commerce Cham Nimul in Hanoi on April 28, Minister  Dien remarked that the bilateral trade is not only growing in volume but also improving in quality, with diverse cooperation models, modern distribution channels, and dynamic participation from young entrepreneurs, especially in technology and e-commerce sectors.

The two ministers discussed specific measures to enhance economic and trade cooperation and agreed on several major directions for the future. These include accelerating the development of logistics infrastructure and distribution networks in border areas, rapidly transitioning from unofficial to official trade channels, and continuing strong coordination to combat smuggling and trade fraud in border regions.

They also agreed to work closely on trade promotion programs and business networking while enhancing information sharing and technical cooperation.