Cambodia and Vietnam are committed to working out the remaining 16 percent of border demarcation between the two nations and also pushing trade volume to more than $5 billion next year.
Prime Minister Hun Sen on Friday met with Vietnamese Deputy Prime Minister Truong Hoa Binh at the Peace Palace.
Speaking to reporters after the meeting, Eang Sophalleth, personal assistant to Mr Hun Sen, said that for the first nine months of this year, trade between Cambodia and Vietnam reached more than $4 billion.
Mr Sophalleth said that Mr Hun Sen urged for increased trade along the borders to promote people’s livelihoods and reach the $5 billion trade volume goal next year.
In response, Mr Hoa Binh said that he was satisfied that the two countries fostered good ties.
“[Mr Hoa Binh] expressed his satisfaction over the bilateral relations and cooperation between Cambodia and Vietnam in all sectors, especially defence, security, border, economics and trade,” Mr Sophalleth quoted Mr Hoa Binh as saying.
Mr Hoa Binh said that the Vietnamese economy grows by about seven percent per year while its inflation rate is only two percent, and noted that Vietnam will host the Asean summit next year and become a non-permanent member of the United Nations Security Council.
Mr Sophalleth said that Mr Hun Sen told Mr Hoa Binh that the Kingdom will host the Asia-Europe Summit next year and it needs to work with Vietnam for success.
Mr Hoa Binh also met with Senate president Say Chhum, and both vowed to solve the remaining 16 percent of border demarcation, according to a Senate statement.
“[Mr Chhum] said that the Senate congratulates the two governments for demarcating 84 percent of shared border,” the statement said. “Both governments signed documents to officially recognise the border which has thus far been demarcated…and King [Norodom Sihamoni] also signed a royal decree.”
It said that Mr Chhum said demarcated border areas should be transformed for development.