Deputy Prime Minister Bui Thanh Son has signed a Prime Ministerial decision, approving a plan for implementing the Agreement on Promoting Bilateral Trade between the Government of the Socialist Republic of Vietnam and the Government of the Kingdom of Cambodia for the 2025-2026 period.

The plan's objective is to proactively and effectively implement the Agreement, facilitating enterprises in applying preferential import duty rates for goods originating from each country (ahead of the tariff reduction roadmap for Vietnam and Cambodia within ASEAN).

It demonstrates the interest and appreciation for the traditional friendship between Vietnam and Cambodia, contributing to further boosting trade relations between the two countries, especially in agricultural products, aquatic products, and industrial goods, with the goal of improving people's livelihoods and contributing to the sustainable development of each nation.

The Agreement is an important legal document that facilitates trade through tariff preferences, harnesses the complementary nature of the two economies, strengthens supply chain connectivity, and creates a basis for both countries to soon achieve a target of $20 billion in trade turnover in the near future.

The content of the Plan includes: dissemination and popularization of the Agreement; promulgation of a decree stipulating Vietnam's Special Preferential Import Tariff to implement the Agreement; promulgation of a circular regulating import tariff quotas for dried tobacco leaves and rice originating from Cambodia; and information exchange, review, and assessment of the implementation status of the Agreement with partner agencies on the Cambodian side.