Hanoi, Viet Nam (FN), Dec. 7 – Cambodian Prime Minister Hun Sen and his Vietnamese counterpart Nguyen Xuan Phuc presided over the signing ceremony of six documents on Friday during his official visit to Viet Nam.
The six documents includes: (1) Memorandum of Understanding on the Strategic Cooperation on Transportation for Seven Years Term 2018-2025; (2) Amendment on Protocols on the Implementation of Road Transportation Agreement 1998; (3) Amendment on Agreement on Water Transportation 2009; (4) Cambodia-Viet Nam Border Trade Agreement; (5) Agreement on Cambodia-Viet Nam Bilateral Trade Facilitation 2018-2019 for Mutual Exemption of Tax; (6) Agreement on the Prevention of Illegal Smuggling and Excavation of Heritages of the Two Countries.
According to Cambodian Prime Minister, 2018 marks the 51st anniversary of the establishment of diplomatic relations of Cambodia and Viet Nam.
The total trade between Cambodia-Viet Nam in 2017 reached approximately US$2.1 billion, an increase of 30% compared to 2016. Cambodia's export to Vietnam amounted to US$342 million, whereas import from Viet Nam was US$1.8 billion. As of November 2018, the Council for the Development of Cambodia registered 75 Vietnamese agriculture and infrastructure investment projects worth of US$2.4 billion.
At the invitation of H.E. Nguyen Xuan Phuc, Prime Minister of the Socialist Republic of Viet Nam, Cambodian Prime Minister Hun Sen is leading a high-level delegation to pay an official visit to the Socialist Republic of Viet Nam on 6-8 December 2018, according to Cambodian foreign affairs ministry’s press release dated 4 December 2018.
The visit aims to strengthen the bonds of friendship between the two countries as well as to discuss various bilateral, regional, and international issues of common interests and concerns for the mutual benefits of the two nations.