HA NOI — A fair showcasing high-quality Vietnamese products and exports will take place in Phnom Penh from today until Wednesday.
The fair, the ninth of its kind, is not only for trade promotion but also for Vietnamese businesses to showcase the quality of their products in the neighbouring market.
Business Studies and Assistance Centre director Vu Kim Hanh said this year's event was expected to attract a larger number of entries than previous years.
Various cultural, sports and social activities will be held on the occasion, such as art performances and the provision of free medical checks-up and medicines for the poor in Phnom Penh, Kandal and Takeo provinces, Hanh said.
As part of the fair, Cambodian distributors and agents will meet with producers and entrepreneurs from Viet Nam to seek partnerships and increase Vietnamese investments in the country.
Cambodian commercial counsellor in Viet Nam Yea Kim Hen said Viet Nam now had an opportunity as Cambodian consumers were shifting from Thai to Vietnamese products.
The market share for Vietnamese goods in Cambodia had climbed by 40 per cent over the past three years with aquatic products, construction steel and processed farm produce taking the lead.
Viet Nam's exports to Cambodia include instant noodles, plastics products, cigarettes, confectioneries, maize seed, home appliances, fruits and vegetables, construction steel, agricultural machines, fertilisers, pesticides, consumer goods and processed farm produce.
Viet Nam imports mainly garment materials, automobile spare parts and wood and rubber from Cambodia.
The two countries have set a target of US$2 billion in two-way trade this year. — VNS