[Vietnamization, Tbaung Khmum] Cambodia, Vietnam to build market on border

[Related / background]

កម្ពុជា, វៀតណាម ជំរុញ ទំហំពាណិជ្ជកម្ម និងការបោះបង្គោល ព្រំដែន | Cambodia, Vietnam urge expansion in commerce and border demarcation

ក្នុងនោះដែរ កម្ពុជា និងវៀតណាម នឹងសម្រេច ឲ្យបាន នូវកិច្ចព្រមព្រៀង ស្តីពី ពាណិជ្ជកម្ម និងការ ផ្លាស់ប្តូរ ទំនិញ, សេវាកម្ម នៅតំបន់ ព្រំដែន, និងជាពិសេស ជំរុញ ការសាងសង់ ផ្សារ គំរូ ព្រំដែន កម្ពុជា-វៀតណាម នៅខេត្ត ត្បូងឃ្មុំ ផងដែរ។  [Cambodia and Vietnam will commit to actualizing the agreement re commerce and trade, services along the border regions, and in particular, push for the building of a model market along the Cambodia-Vietnam border at Tbaung Khmum province.]

លោក ម៉ៅ ថូរ៉ា រដ្ឋលេខាធិការ ក្រសួង ពាណិជ្ជកម្ម ប្រាប់VOD ថា, ការសាងសង់ ផ្សារគំរូនេះ គឺ ភាគី កម្ពុជា ជាអ្នកផ្តល់ដី។   ចំណែក ភាគី វៀតណាម ជាអ្នក ទទួលខុសត្រូវ ផ្នែកថវិកា និងអ្នក សាងសង់។  [Cambodia will provide the land; Vietnam will be responsible for management and building the market.]

...

Cambodia, Vietnam to build market on border

 The Phnom Penh Post | 28 July 2016

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.