Prime Minister Pham Minh Chinh and his Cambodian counterpart Hun Manet agreed to raise the bilateral trade turnover to $20 billion in the coming time during talks held on December 8, on the occasion of the inauguration of the Tan Nam (Tay Ninh, Vietnam) – Meun Chey (Prey Veng, Cambodia) international border gate pair.
The two PMs agreed to make breakthroughs in economic cooperation and deepening connectivity between the two economies, including digital economy, infrastructure and policies, particularly in trade, investment, transport, culture and tourism.
They agreed to accelerate transport and logistics connectivity, develop border gates and border trade infrastructure.
The bilateral trade between the two countries reached $10.4 billion in the first 11 months of 2025, up 12.7% year-on-year, and is expected to hit $12 billion for the whole year.
Vietnam is currently Cambodia’s third-largest trading partner and the largest within ASEAN. Vietnam also ranks fifth among foreign investors in Cambodia which, in turn, is Vietnam's second-largest overseas investment destination.
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