Cambodia asks Vietnam to increase bilateral trade volume to $20 billion
Cambodia asks Vietnam to increase bilateral trade volume to $20 billion
Cambodia has asked Vietnam to increase their bilateral trade volume to $20 billion shortly.
Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), made the request while he was accompanied by Tuy Ry, Ambassador of Cambodia to Japan, during a bilateral meeting on May 23 with his Vietnamese counterpart Lee Minh Khai on the sidelines of the two-day Nikkei Forum 29th Future of Asia in Tokyo, Japan.
Both sides expressed their satisfaction with the current close and fruitful bilateral cooperation between Cambodia and Vietnam, and reiterated their commitment to deepen this cooperation for the mutual benefit of both countries.
Taking the opportunity, SunChanthol gave detailed information to the Vietnamese side about the Funan Techo Canal project with 26 months of a feasibility study by 48 senior professors, technical experts, and world-class engineers.
The Cambodian DPM also highlighted the potential benefits for Vietnam, such as the ability to control the quantity and rate of fresh water flow to the sea without environmental impact, the establishment of various mixed habitats, and the prevention of floods from Cambodia into Vietnam once the Funan Techo Canal is completed.
