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Vietnam, Cambodia agree to strengthen economic linkage

Vietnam, Cambodia agree to strengthen economic linkage

Thursday, November 10, 2022, 16:54 GMT+7
Vietnam, Cambodia agree to strengthen economic linkage
Vietnamese Prime Minister Pham Minh Chinh and his Cambodian counterpart Samdech Techo Hun Sen witness the signing of cooperation documents. Photo: Vietnam Government Portal

Vietnam and Cambodia have agreed to strengthen the connection between the two economies, especially in the fields of infrastructure, institutions, and policies.

The two countries on Wednesday issued a joint statement following Prime Minister Pham Minh Chinh’s two-day official visit to Cambodia.

This is the first official visit to Cambodia of Prime Minister Pham Minh Chinh after taking office. It also falls on the occasion of the 55th anniversary of the two nations’ diplomatic relationship.

During their talks, PM Chinh and his Cambodian counterpart Samdech Techo Hun Sen welcomed the great achievements that the two sides have achieved in economic development as well as in the prevention and control of the COVID-19 pandemic. 

They agreed to further promote bilateral relations under the motto of ‘good neighborliness, traditional friendship, comprehensive cooperation and long-term sustainability.’

The leaders praised the successful organization of many meaningful activities during the Cambodia - Vietnam Friendship Year in 2022.

Both sides are determined to strengthen economic cooperation, support each other in building an independent and self-reliant economy while ensuring extensive and effective international integration. 

It is necessary to enhance connectivity between the two economies in terms of infrastructure, institutions, and policies, including promoting the early completion of a master plan to connect the Vietnam - Cambodia economies by 2030, the joint statement highlighted.

Both sides expressed their commitment to further promoting and facilitating bilateral trade, particularly border trade, through the effective implementation of the newly-signed Agreement on Border Trade and the MoU on the development and connection of border trade infrastructure.

With regard to defense and security cooperation, the two sides agreed to strengthen cooperation on the principle of not allowing any hostile forces to use their territory to harm the security and interests of the other country.

They emphasized the importance of cooperation in consular protection in addressing cross-border crimes such as human and drug trafficking, as well as safeguarding cyber-security.

The two sides also agreed to promote and improve the effectiveness of cooperation in other important areas such as legal and judicial affairs, labor and social affairs, science and technology, information and communications, renewable energy, smart agriculture, education and training, healthcare, culture, tourism, sports, and transportation among others.

They consented to continue enhancing the close and effective cooperation and collaboration within the multilateral frameworks such as the United Nations and ASEAN to address global and regional challenges.

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Tuoi Tre News


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