PM Nguyễn Tấn Dũng visits Cambodia to forge ties

Vietnamese PM Nguyễn Tấn Dũng (R) and Cambodian PM Hunsen – Photo: VGP

The official visit to Cambodia by PM Nguyễn Tấn Dũng aims to reiterate Việt Nam’s consistent policy of reinforcing and fostering the fine friendly and all-round cooperative ties and mutual trust between the two countries.

The Việt Nam–Cambodia economic cooperation has developed strongly in recent years.

The two-way trade value is estimated at US $2 billion this year. Việt Nam has invested over US $900 million in more than 60 projects in Cambodia.

On the Mekong River – Photo: Internet

Fostering sub-regional cooperation

The Vietnamese PM’s presence at sub-regional summits in Cambodia will help reinforce the multifaceted cooperation with neighbor countries in the Mekong Sub-region, especially Laos and Cambodia.

In recent years, cooperation among sub-regional countries has been accelerated. Many new cooperative mechanisms, such as those  among Cambodia, Laos and Việt Nam (CLV), Cambodia-Laos-Myanmar-Việt Nam (CLMV), and the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS), were formed and have churned out positive results.

The 3^rd ACMECS Summit in November 2008 in Hà Nội established an environment working group and the 4^th CMLV Summit in the same month fixed the list of priority projects. And the 5^th CLV Summit in November 2008 in Vientiane, Laos, adopted the memorandum of understanding on preferential policies for the Development Triangle.