Backed by the royal government, the Ministry of Commerce, the Ministry of Agriculture, Forestry and Fisheries, and the Cambodia Chamber of Commerce, alongside the companionship of the Vietnamese Trade Office in the country, the three-day event is a platform to bolster trade ties between the two nations while fostering international business connections.
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Vietnamese Ambassador to Cambodia Nguyen Minh Vu (right) visits a Vietnamese booth at the agricultural expo. |
Together with the trade fair, a series of specialized workshops and business-matching sessions are being held, creating opportunities for enterprises to explore innovation and forge new partnerships.
On September 17, the Vietnamese Trade Office in Cambodia organized a workshop on promoting Vietnam - Cambodia trade, agricultural science-technology, and livestock, attended by business associations from both countries active in farming and livestock.
According to head of the office Do Viet Phuong, two-way trade reached 10.1 billion USD last year, while the figure in the first eight months of the year was 7.98 billion USD, up 16.3% year-on-year. Agriculture dominated the exchange, with key commodities including fruits, cashew nuts, rice, cassava, fisheries, and processed farm and aquaculture products.
The numbers reflect not just trade, but also the growing connectivity and friendship between the two countries, Phuong said, noting that both sides are working towards the target of 20 billion USD in bilateral trade as set by their high-ranking leaders. To achieve this goal, he stressed the need to ease cross-border trade by cutting administrative procedures, paperwork, fees, and taxes, ensuring smoother flows of goods in both directions.
Speaking with the Vietnam News Agency, he underscored the vast trade potential between the two countries. Their export structures complement rather than compete with each other, helping diversify bilateral trade and open up further opportunities.
Nearly 20 Vietnamese companies are present at the fair, with another 15 sending product samples for display at the shared booth run by the Trade Office, he said, expressing his hope that Vietnamese goods will strengthen their foothold in Cambodia, making contributions to two-way trade.
Source: VNA