cellcard cellcard

Agricultural festival in Vietnam

Sok Chan / Khmer Times Share:

The Ministry of Commerce is calling on local agriculture-related businessmen and enterprises who wish to exhibit their products and are looking for trading partners to join the International Agricultural Festival of the Mekong Delta from March 9 to March 13 in Vietnam’s Can Tho city.
 
The festival is being organized by the Vietbrand Center for Research, Application and Development and the Ministry of Science and Technology’s National Agency for Technology Entrepreneurship and Commercialization Development of Vietnam.
 
Cambodia’s Commerce Ministry spokesperson Soeng Sophary told Khmer Times that expository and other related business events inside and outside the country were one of the ministry’s objectives on trade promotion to boost trade between Cambodia and Vietnam.
 
Ms. Sophary said that products are exchanged between Cambodia and Vietnam even though there is no exhibition. However, she said Cambodian agricultural products will be showcased to Vietnamese consumers at this exhibition, giving them more information about the kingdom’s products.  
 
“Compared with Vietnamese products, Cambodian products lag behind in terms of packaging and manufacturing capability, but our product quality is comparable with Vietnam,” she said.
 
In late December, Prime Minister Hun Sen paid a two-day state visit to Vietnam in an effort to boost trade. In October, Cambodia called on Vietnam to withdraw quarantine and biosecurity measures for its exports. Both sides are eager to hit the $5 billion trade target, of which both governments pledged in 2012.
 
Last year, trade between Cambodia and Vietnam decreased slightly, dropping to a total of $3 billion – $2.2 billion in exports to Cambodia and $725.7 million in imports.  Each represents a decline of eight percent and 24 percent respectively, compared with 2015, according to the Vietnamese embassy’s trade office in Phnom Penh.
 
To reverse their decline in trade with Cambodia and Laos, Vietnam will build 116 warehouses near border gates they share with their neighbors, expecting to finish by 2035. Vietnam also organizes other trade promotion activities including the International Agricultural Festival of the Mekong Delta.  
 
Ms. Sophary said the decline in trade between Cambodia and Vietnam was because of the demand in each market. She said that if some products are in high demand, they will import from Vietnam, however they will cut imports if demand is reduced.
 
According to Vietnam’s Industry and Trade Ministry, the warehousing system will have enough capacity to store imported and exported goods near border gates. It said 80 percent of the warehouses will be required to provide important and necessary logistical services, such as storage, handling, inspection and implementation of customs procedures.

Previous Article

Thai Q4 growth below forecast

Next Article

CSX still an ‘illusive heaven’