‘Vietnam should promote new investment wave in Cambodia’
Cambodian and Vietnamese officials have negotiated an agricultural agreement to strengthen import-ex…Cambodian and Vietnamese officials have negotiated an agricultural agreement to strengthen import-export controls and prevent the illegal cross-border timber and wildlife trade, among other things.
Minister of Agriculture, Forestry and Fisheries Veng Sakhon said on December 21 that he had already discussed the details and how to strengthen technical cooperation with his Vietnamese counterpart Le Quoc Doanh, with the agreement expected to be signed in the near future.
Sakhon said there are many private companies from Vietnam that have now made large investments in the cultivation, processing and packaging of Cambodian agricultural products. He said Vietnam is a growing market for Cambodian exports such as fresh and dried cassava, corn, cashew nuts, mangoes and bananas. In the first 11 months of this year, Cambodia exported $3.73 billion worth of agricultural products to Vietnam, and imported $3.32 billion.