By Sok Lak
Vietnam is displaying its military material’s product in an expo in Phnom Penh to foster the trade volume for neighboring countries. The event of Expo is under the theme “Friendship, cooperation and development” and organized by the Ministry of Defense in coordination with the Ministry of Industry and Trade and Ministry of Commerce, Ministry of Defense which held from 1 to five November, 2011 at Koh Pich Expo Center.
The product combined from military uniform to materials for soldiers. Speaking at the opening ceremony, Mr. Phat Vet Thich, deputy director general of logistic and economy department of Vietnam’s defense ministry said this is 4th exhibition while the last time held in 2007, 2009, and 2010.
“We want to show our product and strengthen cooperation with Cambodia and it will help enhance trade volume for the countries,” he added. So far, there were 17 contracts signed over 30 agreements and memorandum of the company between Cambodia and Vietnam.
Keo Soknay, secretary of state for commerce ministry of Cambodia said in early 2011 Cambodia-Vietnam trade increased noticeably to an unprecedented level. Apart from the excellent performance of the investment cooperation, trade between Cambodia and Vietnam has also tremendously increased during the last few years.
“Trade volume for two countries was worth US$2.074 billion while Vietnamese products cost US$1.73 billion into Cambodia for third quarters for 2011. In 2010, trade between the two countries approximately reached 1.828 billion, an increase about 25 percent compare to year 2009. With the total amount, Vietnam exported goods to Cambodia totally worth US$1.551 billion,” Soknay added.
The building of connectivity between Cambodia and Vietnam will further develop the required synergies to promote a win-win solution for both countries while Cambodia consider Vietnam as a strong neighboring country trading partner for Cambodia, he stressed.
He added today event has 150 companies with 275 booths and the products are construction materials, cosmetics, consumer goods and good stuffs, clothes, textiles, household utensils, stationery, school materials, medicine, handicraft and art products, production materials, cultural products and various kinds of goods.
Vietnam Trade Fair 2011 in Cambodia is once of activities in national trade promotion program of Vietnam Government, to support the Vietnam enterprises to export products and services market for Cambodia and the ASEAN countries, creating favorable conditions for businesses to strengthen the trade promotion, investment and business cooperation. The fair highlighted various activities such as exhibition, Fair Park, sales promotion activities, product introduction, cultural and art activities and activities for examination and treatment which from 175 military hospital of Vietnam and 179 hospital of Royal Cambodian Armey in 200 policy object of examination and surgery cataract.
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