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Saturday, November 26, 2022

Vietnam, Cambodia sign 11 cooperation deals

By Thai Huy

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HCMC – Vietnam and Cambodia signed some 11 documents strengthening their partnership on November 8, with Vietnam’s Prime Minister Pham Minh Chinh and his Cambodian counterpart Hun Sen witnessing.

The 11 documents aim to boost long-term economic cooperation in automobiles, agriculture, transportation, cross-border trade, labor and finance.

The signing ceremony occurred after the bilateral talks between the two prime ministers during PM Pham Minh Chinh’s official visit to Cambodia.

At the bilateral talks, the two sides agreed to strengthen the bilateral relationship, reinforce defense and security cooperation and not allow hostile forces to use their territory at the expense of their respective security and benefits.

They would join hands to ensure political stability and social safety, prevent transnational crimes such as human and drug trafficking and enhance economic connectivity in terms of infrastructure, policies and digital transformation.

The two prime ministers emphasized the importance of cross-border trade and cooperation in developing the border areas.

Additionally, PM Pham Minh Chinh proposed Cambodia create more favorable conditions for Vietnamese enterprises to invest and operate in the country based on mutual benefits.

With 198 active investment projects in Cambodia and total registered capital of US$2.92 billion, Vietnam ranks first among the ASEAN members and is among the top five countries with the most investment in Cambodia.

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