Monday, April 18, 2011

If it rises any higher Cambodia will be flooded

It is remarkable. 45 % more "two-way trade" in two years is incredible. But, if the "rise" is getting higher, Cambodia will be flooded with Vietnamese products.

Vietnam’s exports to Cambodia rise

The two–way trade turnover between Vietnam and Cambodia reached US$626.4 million in the first three months this year, up 45 percent over the same period of 2009.
According to the General Department of Customs, Cambodia’s imports from Vietnam surpassed US$498 million (up 44.3 percent) in the review period, according for 2.1 percent of Vietnam’s total export turnover.
In the recent years, Vietnam’s commodity export value to Cambodia has been growing at a double digit rate.
VNA/VOVNews

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