Prime Minister Nguyen Tan Dung is in Cambodia today, where he is co-chairing a two-day Viet Nam-Cambodia investment promotion conference expected to boost bilateral trade and investment ties.
Dung is
also scheduled to attend the opening ceremony of the Cambodia-Viet Nam
Securities Joint Stock Co and witness the handover of overseas
investment licences to Vietnamese businesses.
Around
100 Vietnamese businesses are slated to be represented at the second
annual investment conference opening today, where both sides are also
expected to sign a number of new deals, review investment co-operation
results since the first conference, and discuss measures to boost
co-operation in investment, trade and tourism.
Bilateral
trade has increased from US$1.33 billion in 2009 to $1.8 billion in
2010. Viet Nam has almost 90 investment projects in Cambodia with a
combined capital of more than $2 billion. These projects include rubber
plantations, mining, oil and gas exploration, electrical development,
telecommunications, and finance and banking. The two countries have also
shown a keen interest in promoting bilateral ties in education and
training, healthcare and transportation.
Leaders
of both Viet Nam and Cambodia have also affirmed their determination to
complete land border demarcation and border-marker erection in 2012 in
order to build a common border of peace, stability and development in
line with the traditions and customs of both peoples. The two nations
have successfully held a conference on the development and co-operation
of the Cambodia-Viet Nam border provinces at the deputy prime
minister-level and a Viet Nam-Cambodia border trade development
conference at the level of trade ministers.
Both
countries have also stepped up bilateral co-operation between border
provinces in education, healthcare, culture, and science and technology.
The relationship
between Viet Nam and Cambodia has developed in various fields since the
establishment of diplomatic ties in 1967. Bilateral co-operation
mechanisms including the Viet Nam-Cambodia Joint Commission for
Economic, Cultural, Scientific and Technological Co-operation, the
conference on the development and co-operation of border provinces and
the joint border committee meet annually and have brought practical
results.
The two nations
have also worked closely within the framework of regional and
international institutions such as the Mekong River Commission, the
Greater Mekong Sub-region, the Ayeyawady-Chao Praya-Mekong Economic
Co-operation Strategy, and the Cambodia-Laos-Viet Nam Development
Triangle.
Dung's visit
to Cambodia aims to affirm Viet Nam's consistent policy of attaching
importance to enhancing its relations with Cambodia and the
determination of the Vietnamese Government and people to join the
Cambodian Government and people in bringing bilateral ties to a new
height for mutual interest.
The
regular exchange of delegations between the two countries have helped
secure a fine neighbour relationship and tradition of friendship, as
well as long-term, sustainable and comprehensive co-operation between
the two countries.
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