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By Sok Lak
Cambodia and Vietnam’s bilateral trade has grew by about 56.72% in first half of 2011, which from $US800 million last year to $US1.3 billion increasing over the same period this year, according to the report from Vietnam Trade Office (VTO) data in Phnom Penh.
The report also pointed out that, bilateral trade between Cambodia and Vietnam this year is expected to be achieved an amount of $2 billion, which is the goal by both government.
The total exports value of Cambodia to Vietnam has grow 84 percent so far this year with an increase from $US134 million to $US247 million if comparing to the same period last year. At the same time, total value of Vietnam’s export to Cambodia increased by 52% in which is a figure that raised from $US728 million to $US1.1 billion.
The main products that Cambodia exported to Vietnam are seafood, corn, tobacco, rubber and cashew nuts. But the Vietnam’s exports to Cambodia’s products are including fertilizer, cloth, steel, machinery and plastic products.
Source: The Southeast Asia Weekly, July 24-30, 2011, Vol. 5, Issue 30, Page 2