May 28, 2019 | 16:40 (GMT+7)
Top Cambodian legislator begins official visit to Vietnam
A high-ranking delegation of the Cambodian National Assembly, led by the body’s President Samdech Heng Samrin, starts an official visit to Vietnam on May 28.
The three-day visit is made at the invitation of Vietnamese NA Chairman Nguyen Thi Kim Ngan.
Vietnam and Cambodia established diplomatic relations on June 24, 1967. The two neighboring countries stood side by side during past struggles against colonialists and the genocidal Khmer Rouge regime, and have supported each other in national construction and defense.
|
|
President of the Cambodian National Assembly Samdech Heng Samrin |
Both countries have pursued a foreign policy of independence, self-reliance and multilateralization and diversification of relations.
Bilateral economic and trade ties have made big strides. With 210 projects valued at more than USD 3 billion, Vietnam has become one of the five biggest investors in Cambodia.
Meanwhile, Cambodia has run 19 projects worth USD 63.42 million in Vietnam, focusing on agriculture, forestry, fishery and commerce.
Two-way trade stood at USD 4.68 billion in 2018, up 23.76 percent against 2017. Of the amount, Vietnam’s exports were valued at USD 3.74 billion, up 34.98 percent and imports were worth about USD 963 million, up 6.46 percent year-on-year. Bilateral trade is expected to reach USD 5 billion by 2020.
Source: VNA