Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade BTCUSD, Bitcoin and Cryptocurrencies

BUY & SELL BTCUSD | View BTCUSD News & Updates

Buy Sell BTCUSD, Bitcoin and Cryptocurrencies

Fair aims to expand market share of VN goods in Cambodia   2010-04-02 - SGGP

An annual fair showcasing high-quality Vietnamese goods and exports will be held in Phnom Penh, Cambodia from April 3-7.



Visitors tour a stall at a fair showcasing

high-quality Vietnamese products and exports

in 2009 in Phnom Penh, Cambodia.

The event aims to increase export turnover, expand market share, and affirm quality and position of Vietnamese goods in Cambodia.

Now in its ninth year, the event has helped earn Vietnamese products a good reputation throughout Cambodia, thanks in part to a “high-quality product” logo affixed to Vietnamese items.

Moreover, the Cambodian border is situated just 240 kilometers from Ho Chi Minh City, so Vietnamese goods are thus able to be kept fresh during the journey into the country.

The domestic Vissan Company says two of its products are now very popular in Cambodia: pork pâté and liver pâté. This year, the company says it will introduce several other products such as nutritional sausage and stewed beef cubes at the fair.

Vinamilk Company is also planning to showcase many kinds of yoghurt and condensed milk at the event, and will provide refrigerators at all distribution centers to ensure product quality.

The company said it also targets building a processing factory in Cambodia in the near future.

In June 2009, Saigon Industrial Commercial Bank opened a branch in Phnom Penh offering simple, low-cost, one-hour money transfer services between Vietnam and Cambodia.

In August 2009, An Giang Province opened the Tinh Bien Trade Zone, creating new opportunities for businesses in the two countries to carry out trade activities.

Currently, Vietnam exports mainly instant noodles, plastic products, cigarettes, confectionaries, maize seeds, household goods, and vegetables to Cambodia. It imports textile and garment materials, wood and rubber from Cambodia.

The Cambodia government, meanwhile, is in the process of reforming administrative procedures to create advantageous conditions for foreign countries to do business in the country.

Cambodian commercial counselor Yeav Kim Hean said Cambodian people are now shifting away from Thai goods and are instead using more Vietnamese products.
Vu Kim Hanh, director of the local BAS Company, said that this year the fair has attracted more businesses than last year with a diversified offering of products and services.

Numerous cultural and sports activities will also be held at the fair including a friendly cycling race between Vietnam and Cambodia as well as art performances. Free medical exams and medicines will also be provided for three poor Cambodian provinces during the event, said Hanh.

Cambodia is among the top three investment destinations out of 50 countries and territories Vietnam has targeted. Two-way trade between the countries this year is expected to reach around US$2 billion.

Other news

Hanoi forced to amend plans on another city project   2010-04-02

HCM City still leads in attracting FDI   2010-04-02

REE set to invest in infrastructure   2010-04-02

Seafood exports jump 14.5%   2010-04-02

Growing plastic industry faces challenges   2010-04-02

Vietnam wood products exporters face new hurdles   2010-04-01

Korean investor to build exhibition center in HCM City soon   2010-04-01

BUSINESS IN BRIEF 1/4   2010-04-01

Where are Viet Kieu house-buyers?   2010-04-01

Software giant targets $1.2 bil in revenue   2010-04-01

Viet Nam rises in opportunity index   2010-04-01

Plastic bags hit with dumping duty   2010-04-01

Bankers and businesses want interest rate ceiling gone   2010-04-01

Savvy Vietnamese producers can compete with China   2010-04-01