In a meeting on September 13 with the President of the National Assembly of Cambodia Samdech Heng Samrin, who is visiting Vietnam, Prime Minister Pham Minh Chinh suggested that the two sides further improve the efficiency of their economic cooperation. In the first seven months of this year, two-way trade turnover reached more than $7 billion, up 17.8 per cent year-on-year. Vietnam currently has 188 investment projects in Cambodia with total registered capital of $2.8 billion, ranking it first in ASEAN.
Figures from the General Department of Vietnam Customs show that trade turnover between Vietnam and Laos stood at $1.076 billion in the first eight months of this year, a 27 per cent increase over the same period of 2021. Turnover for the year as a whole is expected to reach $1.6 billion, up 20 per cent compared to 2021.
National Assembly (NA) Chairman Vuong Dinh Hue is visiting the UK and attended a high-level seminar on economy and trade on June 30. Addressing the seminar, Deputy Prime Minister Le Van Thanh, who is accompanying the NA Chairman, said a target has been set of two-way trade turnover reaching $10 billion by 2023. According to Ms. Anne Marie Trevelyan, British Secretary of State for International Trade, trade relations with Vietnam play a very important role in the UK’s trade policy.
On June 28, during his official visit to Hungary, National Assembly (NA) Chairman Vuong Dinh Hue met with Hungarian Prime Minister Viktor Orban. The two sides are determined to increase trade turnover in a balanced and sustainable direction, create conditions for goods to access each other’s markets, and encourage businesses in the two countries to strengthen investment cooperation.