HCM City businesses confirm niche in Cambodia

Over 100 businesses from Ho Chi Minh City are introducing made-in-Vietnam products at the Vietnam-Cambodia trade and service exhibition (HCM City Expo 2013) that opened in Phnom Penh on April 3.

The five-day event accommodates 200 booths, mostly focusing on food and foodstuff, household plastics, garments, footwear, handicrafts, cosmetics, office supplies, agricultural and constructional materials and decorations.

Opening the event, Cambodian Deputy Prime Minister Mensom Ol praised HCM City’s efforts in organising the annual exhibition, which, she said, contributes to boosting economic, trade and service cooperation between the two countries as well as their friendship.

She attributed the growing bilateral trade ties to Cambodia’s socio-economic development over the past years.

Vietnam has invested in various areas in Cambodia, including agriculture, telecommunications, aviation, and banking, she said.

She expressed her hope that supported by the two governments, businesses will enhance their partnership for each country’s economic development as well as stability, development and peace in the region.

Vice Chairman of the HCM City People’s Committee Nguyen Thi Hong said the fair offers a good opportunity for the city businesses to explore the market and seek long-term partners.

Within the framework of the event, there will be a wide range of activities, including a seminar on trade promotion and a charitable programme.

Currently, Vietnam is Cambodia’s second largest trade partners after Thailand.

Last year, two-way trade stood at US$3.3 billion, representing a year-on-year increase of 17%.

VNA