[Background / related]
Meeting in Svay Rieng
On Saturday 7 April 2012 at approx. 11:30 AM, a meeting was organized in Svay Rieng provincial capital with the participation of at least 100 cars bearing Vietnamese license plate. Some of the Cambodian cars bear the lable NCDD.
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Common Border, Common Gates
Khmer Times | 1 July 2016
Cambodia and
Vietnam plan to open more gates at the common border between Svay Rieng, on the
Cambodian side, and Tay Ninh, on the Vietnamese front, according to the
state-run news agency VNA.
The agreement to
open four new border gates, was signed by both countries recently according to
VNA and they include checkpoints at Duong-Vam Trang Trau, Prey Ta Ey-Long
Phuoc, Brasat-Phuoc Chi and Kser Dek-Hoa Hiep.
This agreement
was revealed to the Vietnamese media after the country’s new president Tran Dai
Quang returned home from his visit to Cambodia early this month.
Svay Rieng
provincial governor Men Vibol could not be reached yesterday for comments, but
according to VNA, about one million people crossed between Svay Rieng and Tay
Ninh each year.
Cambodia and
Vietnam have two international border gates at the common border between Bavet
and Moc Bai and Trapeang Phlong and Xa Mat.
Mey Kalyan, a senior
advisor to the Supreme National Economic Council, said the new border gates
will boost trade activities between Cambodia and Vietnam.
“These border
gates reflect the growing bilateral trade relationship between Cambodia and
Vietnam and this is an important development,” said Mr. Kalyan. “The
relationship between neighbors is important.”
The senior
advisor however stressed that Cambodia needed to have more value-added products
to trade with Vietnam in order to be more competitive with others.
“It’s useless to
just have border gates, if we don’t have goods to export,” he said.
When President
Tran Dai Quang met with Prime Minister Hun Sen recently, both countries agreed
to promote bilateral trade and investments valued at $5 billion.
According to the
Vietnamese embassy in Phnom Penh, as of May this year there were 183
Vietnamese-owned projects in Cambodia worth about $2.85 million.
The figure makes
Vietnam the fifth ranking country in Cambodia’s foreign direct investment list.
By 2020, total Vietnamese investment in Cambodia is expected to reach $6
billion.
According to
figures from the Ministry of Commerce, Cambodia’s exports to Vietnam totaled
$185.65 million in 2015 and imports in the same period were valued at $926.97
million.
Cambodia, too,
has revealed plans to install more border checkpoints and border gates along
land crossings with other neighbors to facilitate the inter-country movement of
people and goods for trade.
With Thailand,
Cambodia agreed to open the O Neng-Banbaray crossing, while with Laos, the
Kingdom agreed to open the crossing between Preah Vihear and Pakse on the
Laotian side.
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