Vietnam Today

The two leaders consented to strengthen economic connectivity, develop border gates and infrastructure, increase Vietnamese investment in Cambodia, effectively implement joint projects and resolve obstacles to facilitate trade and investment.

At the forum that took place on October 9 afternoon, Vietnamese Prime Minister Le Minh Hung said that economic, trade and investment cooperation constitutes an important pillar of bilateral ties, which has achieved positive results. However, considerable room remains for further expansion to match the strong political ties and the potential of both countries.

At the talks, the two PMs agreed to strive to raise bilateral trade to $20 billion in the coming period, while encouraging businesses from both countries to strengthen investment cooperation, develop cross-border industrial and agricultural value chains, and expand processing industries.

Lauding the dedication of Unitel’s leaders, officials and employees, PM Le Minh Hung stressed that Unitel must demonstrate the highest determination to push through all obstacles and contribute to both countries’ development.

Under the plan's 2030 benchmarks, Vietnam targets meeting roughly 20% of domestic demand for drug-manufacturing raw materials, emphasizing self-reliance in essential active ingredients to reduce import dependency.

Vietnam’s economic growth outlook remained a key strength underpinning its credit profile, according to R&I.