Vietnam, Cambodia step up trade facilitation measures

Both nations have agreed to accelerate the implementation of trade facilitation measures with a focus on border trade, enhance transport connectivity, and apply the “one-stop” mechanism at border gates to elevate two-way trade to US$5 billion in the time ahead.
vietnam, cambodia step up trade facilitation measures hinh 0
Deputy PM and FM Pham Binh Minh welcomes Deputy PM and Minister for Foreign Affairs and International Cooperation of Cambodia Prak Sokhonn (L)

Deputy PM and FM Pham Binh Minh and Deputy PM and Minister for Foreign Affairs and International Cooperation of Cambodia Prak Sokhonn held talks in Hanoi on November 27 as part of the latter’s visit to Vietnam over November 26-27.

The two diplomats had a wide-ranging discussion on Vietnam-Cambodia cooperation and reaffirmed their greater efforts to constantly consolidate and deepen the comprehensive cooperation and friendly neighbourliness between the two countries in the new situation.

They agreed upon closer collaboration in preparation for important bilateral activities from now to 2019 and noted the positive development in bilateral ties since the 16th meeting of the Vietnam-Cambodia Joint Committee in May 2018 with the two-way trade value exceeding US$4 billion this year.

Prak Sokhonn suggested Vietnamese businesses continue expanding their investment, while affirming the Cambodian Government’s readiness to facilitate their investments in Cambodia.

vietnam, cambodia step up trade facilitation measures hinh 1

The two sides concurred to beef up their fruitful cooperation in education-training, tourism, and cultural and people-to-people exchange to reinforce solidarity and educate younger generations on the historical tradition of Vietnam-Cambodia relations.

They reached a consensus on stronger bilateral coordination to actively carry out agreements reached by top leaders pertaining to the land border demarcation and marker planting, the processing of legal papers for Vietnamese Cambodians, and the removal of floating houses of those residing on Tonle Sap Lake in Kampong Chhnang province, to foster bilateral ties in the future.

The leaders highly appreciated the countries’ cooperation at regional and international forums, asserting the importance of enhancing the unity and central role of ASEAN in the regional architecture as well as maintaining the regional group’s goals and basic principles.

The pair agreed to boost collaboration in the framework of the Greater Mekong Sub-region and the Cambodia-Laos-Vietnam Development Triangle to narrow the development gap, and manage and use Mekong river water resources sustainably.

vietnam, cambodia step up trade facilitation measures hinh 2

They asserted mutual support and closer coordination in 2020 when Vietnam performs its role as ASEAN Chair and Cambodia hosts the 13th ASEM Summit.

Regarding the East Sea issue, they underlined the importance of maintaining peace, security and stability in the waters, settling disputes by peaceful measures on the basis of respect for international law and the UN Convention of the Law of the Sea 1982 (UNCLOS), and speeding up the negotiations on an effective, practical Code of Conduct in the East Sea (COC) in line with international law.  

They also consented to conduct periodical exchanges between the two foreign ministries with a view to strengthening their information sharing, coordination, and training and research cooperation between the Vietnam Academy of Diplomacy and the newly-established Academy of Diplomacy and International Relations of Cambodia.

VOV

Other News

National Assembly Chairman urges renovation in leadership, working style

National Assembly Chairman urges renovation in leadership, working style

The NA's Committee for Cultural and Social Affairs has moved fast to reshuffle its organisation after the 14th National Party Congress and the election of deputies to the 16th NA, updating its work agenda to match new directives set out in the resolutions of the 14th National Party Congress and the first Congress of the NA Party Organisation for the 2025–2030 term.

Vietnam treasures ties with Croatia: PM

Vietnam treasures ties with Croatia: PM

Vietnam and Croatia should strive to double bilateral trade turnover from the current level of 161 million USD; study the establishment of a Joint Committee on Economic Cooperation to create a long-term, stable, and effective framework for collaboration, said Prime Minister Le Minh Hung.

President Ho Chi Minh's enduring legacy highlighted at Venezuela commemoration

President Ho Chi Minh's enduring legacy highlighted at Venezuela commemoration

Vice President of the United Socialist Party of Venezuela (PSUV) Jesús Faria expressed deep admiration for President Ho Chi Minh and Vietnam’s indomitable struggle for national independence. He described President Ho Chi Minh as an immortal symbol of 20th-century national liberation movements, whose legacy continues to inspire leftist parties, progressive movements, and peoples across Latin America, including Venezuela.

Vietnam proposes key cooperation orientations at BRICS Foreign Ministers' Meeting

Vietnam proposes key cooperation orientations at BRICS Foreign Ministers' Meeting

Deputy Foreign Minister Nguyen Minh Hang shared Vietnam’s approach to building an independent and self-reliant economy linked to deep international integration, while proposing several key areas for enhanced cooperation between BRICS and partner countries at the Expanded BRICS Foreign Ministers' Meeting that opened on May 14 in India.

Vietnam asks parties to respect its sovereignty over Truong Sa

Vietnam asks parties to respect its sovereignty over Truong Sa

PSNews - The spokesperson stated that the dispatch of personnel by relevant parties to features belonging to Truong Sa without Vietnam’s permission constitutes a violation of Vietnam’s sovereignty under international law. She stressed that such actions run counter to the Declaration on the Conduct of Parties in the East Sea (DOC) as well as ongoing efforts by countries to negotiate a Code of Conduct in the East Sea (COC).

Hanoi to host ASEAN Future Forum 2026 in mid-June

Hanoi to host ASEAN Future Forum 2026 in mid-June

PSNews - Vietnam’s proposals placed the highest priority on ensuring a peaceful and stable environment conducive for continued sustainable development and improving the well-being and happiness of the ASEAN people. They were praised by member states and incorporated into the core contents of the ASEAN Leaders’ Statement on the response to the Middle East crisis.

Vietnam promotes cooperation with United Nations on crime prevention

Vietnam promotes cooperation with United Nations on crime prevention

Vietnam highly values the support of the United Nations Office on Drugs and Crime (UNODC) in strengthening national capacity in crime prevention and criminal justice, drug control, and addressing emerging challenges, particularly cybercrime, said Ambassador Vu Le Thai Hoang.

Party, State leader calls for consolidation of central steering committees on legal, judicial reform

Party, State leader calls for consolidation of central steering committees on legal, judicial reform

Consolidating the central steering committees for institutional and legal reform and for judicial reform is necessary in order to streamline organisational structures without reducing responsibilities, while ensuring clear accountability, measurable outputs and concrete results. Following the restructuring, the body will be renamed the central steering committee for institutional improvement and law enforcement, with the Party General Secretary and State President serving as its head.

Vietnam strives for substantive outcome at NPT review conference

Vietnam strives for substantive outcome at NPT review conference

At the meeting this week, Ambassador Viet briefed the UNGA President on developments during the first two weeks of the conference. He stressed that the current international geopolitical landscape poses numerous complex challenges, while reaffirming Vietnam’s determination, together with other member states, to promote substantive and balanced outcomes at the conference.

Top leader of Vietnam receives Vientiane official in Hanoi

Top leader of Vietnam receives Vientiane official in Hanoi

The host leader stressed that cooperation between localities, particularly between the capitals of Hanoi and Vientiane, plays an especially important role as a pioneering force in effectively implementing the foreign polices of the two Parties and States, while also serving as a bridge between politics and development, as well as between strategy and concrete action.