Written By vibykhmer on Monday, January 12, 2009 | 3:47 PM
Monday, January 12, 2009
Cambodia-Vietnam: [Highly] Imbalanced trade
12 Jan 2009
Cambodge Soir Hebdo
Translated from French by Tola Ek
On Saturday 10 December, Vietnam trade office in Cambodia published information about 2008 commercial trade between the two countries. The number indicates a net trade imbalance.
$1.7 billion was the total amount of trade between the two countries in 2008, the Vietnam trade office communiqué indicated. This represents an increase of $400 million as compared to 2007. The amount of export from Vietnam to Cambodia is $1.45 billion, i.e. 85.3% of the total trade.
Since 2004, export from Vietnam to Cambodia has increased by 40% annually. Cambodia essentially imports agricultural products, sea products, iron and steel. Cambodia sells to Vietnam: wood, rubber, rice and rice paddy, as well as some agricultural products (cassava, cashew …).
Vietnam ranks no. 10 among investors in Cambodia. At the end 2008, 19 commercial projects amounting to $228 million were signed between the two countries.