Bilateral trade between Vietnam and Cambodia reached 3.3 billion USD in 2012, up 17 percent from the previous year, according to the Vietnamese Trade Office in Cambodia.

Of this figure, Vietnam’s total export value was 2.8 billion USD, up 18 percent from 2011 (2.4 billion USD). Its import value stood at 486 million USD, a rise of 13.19 percent from 2011 (430 million USD).

Vietnam’s exports to Cambodia include steel, confectionery, cereals, garments and textiles, vegetables, paper, machines and accessories. Its imports encompass seafood, maize, tobacco, rubber, rice and cashew nuts.

Vietnamese commercial attaché in Cambodia Tran Tu said that over the past years, the two countries have created favourable conditions for border trade, which is expected to help the two sides achieve the bilateral trade target of 5 billion USD in 2015.

To achieve the goal, Vietnam and Cambodia still need to work closely to come up with solutions to overcome the difficulties and weaknesses, including border procedures and haulage, poor infrastructure, and competition from foreign enterprises, Tu added.

VNA