Việt Nam News

Market plan for Cambodia border

July 29, 2016 - 11:02

The first “Cambodian model border market” will be built in the fourth quarter of this year, with the Vietnamese government’s non-refundable financial aid of VNĐ44 billion (US$2 million).

The first "Cambodian border market model " will be built in the fourth quarter of this year, with the Vietnamese government's non-refundable financial aid of VND44 billion (US$2 million). — Photo vov.vn

HÀ NỘI — The first “Cambodian model border market” will be built in the fourth quarter of this year, with the Vietnamese government’s non-refundable financial aid of VNĐ44 billion (US$2 million).

The project, an investment of the Vietnamese industry and trade ministry, will cover nearly 20,000sq.m in the Thary Tboung Khmum Special Economic Zone in Memot District in Tboung Khmum Province in Cambodia’s central lowlands.

It will be located opposite Chàng Riệc border gate in the southern Tây Ninh Province’s Tân Biên District.

The market, scheduled to become operational in 2018, will include a one-storey trading area, a two-storey market management office and supporting facilities such as goods storage, parking lot, restrooms and water and electricity supply stations.

It is expected to promote the strengths and potential of the two bordering provinces and create favourable conditions for them to expand trade, build distribution and import-export systems, and improve the living standards of the local people in the shared border areas.

Việt Nam and Cambodia signed a memorandum of understanding on the project yesterday in Phnom Penh, Cambodia.

Việt Nam’s Deputy Minister of Industry and Trade Nguyễn Cẩm Tú and Cambodia’s Secretary of State of the Ministry of Commerce Mao Thora signed the document, which is part of the agreement reached at the 13th session of the Việt Nam-Cambodia Joint Committee on Economic, Cultural and Scientific and Technological Co-operation on February 11, 2014.

The value of trade between Cambodia and Việt Nam increased 2.4 per cent from $3.3 billion in 2014 to touch $3.4 billion in 2015. In 2015, Cambodia’s imports from Việt Nam reached $2.4 billion and Cambodia exported goods worth $953 million to Việt Nam. — VNS

Tags market border gate Cambodia Tboung Khmum Province

Multinational e-commerce platforms strengthen their foothold in Việt Nam

Economy

Global suppliers join Beautycare Expo 2024 in Hà Nội

Economy

Standard Chartered Vietnam and the US promote clean energy investments in Việt Nam

Economy

Forum discusses support for women-owned firms to join supply chains

Economy

Japanese investors join big real estate project in Bình Dương

Economy

Overseas remittances to HCM City record highest increase in three years

More on this story

Economy

US anti-dumping duty increased

The United States Department of Commerce (DOC) has revised its preliminary conclusion of the anti-dumping investigation of Vietnamese circular welded carbon-quality steel pipes, citing significant ministerial errors.

Economy

High car sales, disappointing profits

Automobile companies have seen profits down since the beginning of this year despite robust car sales in the domestic market.

Economy

NA deputies urge financial discipline

National Assembly (NA) deputies speaking at a legislature session in Hà Nội yesterday urged the strengthening of financial discipline in the wake of official reports showing a rise in the State budget, overspending and shortcomings in budget operations for 2014.

Economy

Dream House to up stake in mineral firm

The board of directors of Dream House Investment Corporation (DRH) has approved a plan raising its stakes in Bình Dương Mineral & Construction Co (KSB) to at least 51 per cent, the company announced Wednesday.

Economy

New sites plug tra fish exports

The Việt Nam Pangasius Association on Wednesday launched a trading website and a farming e-map of tra fish in the Mekong Delta region to support tra fish producers and exporters.

Economy

Foreign investment in Việt Nam surge 47%

Foreign direct investment (FDI) registered in Việt Nam in the first seven months of this year experienced a significant increase of 47 per cent to touch US$12.9 billion, according to the General Statistics Office.

Economy

Firms urged to sell VN products in rural areas

The role of firms remained critical in expanding points of sales and building a solid distribution foothold in rural markets where local residents had a thirst for locally-produced goods, according to the Ministry of Industry and Trade.

Economy

Reforms needed to take advantage of FTAs

Việt Nam has to restructure the financial market in order to enjoy all the benefits of the free trade agreements (FTAs) the country has signed so far, said Lê Xuân Bá from Vietnam Economic Sciences at a forum in Hà Nội.