ITPC promotes Vietnamese goods in Cambodia

The Ho Chi Minh City-based Investment and Trade Promotion Center said October 7 it would organize an exhibition of high-quality Vietnamese products in Battambang Province in northwestern Cambodia from November 25 to 29. A busy street in the Cambodian capital, Phnom Penh. With a population of 14.7 million and a per capita income of US$600, Cambodia is a promising market for Vietnamese goods. Fifty companies from the processed food, furniture, cosmetic, clothing, household plastic product, agricultural materials, and electronics sectors will take part in it. Vietnamese goods are the second most popular in Cambodia after Thai. More than 400 Vietnamese companies have a presence in the country in sectors like trading, finance, and manufacturing. Vietnam’s major exports to Cambodia include instant noodles, plastic products, tobacco, confectionary, household products, and vegetables. Economists said to penetrate the Cambodian market, Vietnamese businesses should establish a distribution network, promote their trademarks, ensure business prestige, and introduce more products to retailers. Bilateral trade has been rising by 40 percent every year, touching US$1.7 billion in 2008. It is expected to top $2 billion in 2010.

By M.Hanh - Translated by Y Nhi