Vietnamese products sell well in Cambodia

A representative of the Department for Trade Promotion says market share for Vietnamese products in Cambodia increased sharply in the first quarter of 2010.

Tran Van Thi made the statement at a conference on ways to penetrate the Cambodian market held in Ho Chi Minh City on March 18.

Over the past 3 years, the popularity of Vietnamese goods in Cambodia has grown by 40 percent. Aquatic products, steel and processed agricultural products have consistently accounted for 67-80 percent of the market.

By the end of last year, Vietnam had invested in 63 projects in Cambodia with a total registered capital of nearly US$900 million.

Cambodia is now one of the 3 countries drawing the highest level of Vietnamese overseas investment capital. Trade revenue between the two countries is expected to reach US$2 billion by the end of this year.

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