Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>Cambodia>>Trade>>Cambodia, Vietnam to build market on border
NEWS UPDATES Asean Affairs    29  July  2016  







Cambodia, Vietnam to build market on border

The Vietnamese government yesterday agreed in principle to provide a grant of $2 million to Cambodia to build a model market aimed at boosting cross-border trade between the two countries, officials at Cambodia’s Ministry of Commerce said.

The market will be constructed on 1.5 hectares in Kandorl village, in the Memot district of Tbong Khmum province, about 1 kilometre from the nearest Cambodia-Vietnam border crossing, according to Mao Thora, a secretary of state at the ministry.

“The market will be a place to sell both Cambodian and Vietnamese goods, of which I think most of our goods are agricultural products,” he told reporters after the signing of a memorandum of understanding for the project.

“It will play a role to facilitate trade by people living along the market and improve their livelihoods,” he added.

Thora was unable to confirm a construction timeline but said the Vietnamese government would open the project for bids and manage it. Plans are already afoot for a similar market to be built in Kampot province.

Nguyen Cam Tu, deputy minister at Vietnam’s Ministry of Industry and Trade, said the model market will help both countries exploit the full potential of people living alongside the border.

“When people have better connections to sell their goods to each other, it helps them to earn more money,” he said.

Trade between Cambodia and Vietnam slipped this year after steadily increasing since 2010, according to the Vietnamese Embassy in Phnom Penh.

Bilateral trade during the first quarter amounted to $848.7 million, down 11 per cent compared to the same period a year earlier, with Vietnamese exports accounting for 63 per cent of the total.



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories                           July 29, 2016 Subsribe Now !
• ASEAN Socio – Cultural Community Subcribe: Asean Affairs Global Magazine
• Cambodia, Vietnam to build market on border
• Quarterly industrial property prices, rentals fall; more supply coming onstream
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Viet Nam records $1.8b trade surplus YTD
• Changi Airport passenger traffic up 3% in June
Asean Analysis                  Jully 22, 2016
• Asean Analysis July 22, 2016
Singapore-U.S. Relations to Set Pace for Twenty-first Century U.S. Engagement in Southeast Asia
Advertise Your Brand

Asean Stock Watch   July  28, 2016
• Asean Stock Watch-July 28, 2016
The Biweekly Update
• The Biweekly Update  July 22, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com