Vietnam and Cambodia are likely to realize the target of raising their two-way trade turnover to US $2 billion in 2010, said Mr. Le Bien Cuong, Vietnamese commercial counselor in Cambodia.
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Cambodian branch of Sacombamk, one of top Vietnamese banks
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Convenient road and riverway transport of goods with cheap freight, through 9 border gates along the over 1,000 km border line, is a great advantage for Việt Nam and Cambodia to promote trade activities.
Their two-way trade value was US $848 million in the first 8 months last year, in which Vietnam earned US $726 million from its exports to Cambodia, according to the Council for the Development of Cambodia (CDC).
Vietnam’s investment into the neighbor country sharply increased, especially after the debut of Vietnamese top banks’ branches, such as BIDV and Sacombank, there.
Vietnamese investors are conducting over 60 projects with the combined capital of nearly US $900 million in Cambodia, mainly forestry, agriculture, mineral, telecommunications, banking and finance./.