Thailand
Cambodia may gain from Vietnam investing in better infrastructure
A plan to improve transport infrastructure in Vietnam’s Long An province may help the country achieve its stated goal of increasing trade with Cambodia.
Long An Provincial Authority is setting up six transportation hubs to help boost imports and exports and improve the competitiveness of local communities. The centres are all connected to roads, rivers and the sea, offering multiple options for delivery and distribution.
The provincial authorities are building a logistics centre and a multi-model transportation sector utilising information technology to improve services.
They also plan to speed up the implementation of large transportation projects, connecting industrial zones with the Long An International Port.
Long An province lies on Cambodia’s south-eastern border between Ho Chi Minh City in the north and the Mekong Delta.
Cambodia and Vietnam pledged to increase bilateral trade at a meeting this month between Cambodian Commerce Minister Pan Sorasak and the outgoing Vietnamese Ambassador Vu Quang Minh. Trade between Vietnam and Cambodia reached $5.3 billion last year.
Cambodia’s exports to Vietnam surged 443 percent in the first quarter of 2021, to $1.5 billion. The main shipments were cashew nuts, rubber and vegetables.
Vietnam’s exports to Cambodia grew by nearly 16 percent to $1.1 billion. Iron and steel, oil and gas, clothing and footwear saw the biggest percentage increases.
Source: https://www.khmertimeskh.com/50898290/cambodia-may-gain-from-vietnam-investing-in-better-infrastructure/