Tuesday, July 13, 2010

The Ho Chi Minh City Expo 2010 to be held in Phnom Penh

BY BUTH REAKSMEY KONGKEA

The “Ho Chi Minh City Expo 2010” under the theme “Vietnamese Product-More Choices-Much Trusted” will be organized for five days from the 15th to 19th of July at the Kohl Pich Diamond Exhibition Center in Phnom Penh.

The event is jointly organized by the Ho Chi Minh City Investment and Trade Promotion Centre, the Ho Chi Minh City Department of Culture Sports and Tourism, the Ministry of Commerce and Industry of the Socialist Republic of Vietnam, and the Vietnamese Embassy and Vietnamese Commerce Affairs, in collaboration with the Ministry of Commerce of the Kingdom of Cambodia.

There are more than 250 Vietnamese companies and 300 exhibition booths which will attended the “Ho Chi Minh City Expo 2010” in Phnom Penh in order to sell their products for people and to promote Vietnamese products and investments in Cambodia.

Mr. Tu Minh Thien, Chief of the Organization Boards of the “Ho Chi Minh City Expo 2010”, said that it marked the 14th year as the Ho Chi Minh City Investment and Trade Promotion Centre, the Ho Chi Minh City Department of Culture Sports and Tourism, Ministry of Commerce and Industry of the Socialist Republic of Vietnam, and Vietnamese Embassy and Vietnamese Commercial Affairs will organize the Vietnamese Trade Expo in Phnom Penh, Cambodia.

The main purpose of the event is to introduce Vietnamese products as well as to sell Vietnamese products to the people in Cambodia, he said, adding that the event also aimed to promote solidarity, friendship, business cooperation, Vietnamese investments and its trade and business activities between the two neighbouring countries.

“We are very proud to organize the Vietnamese trade fairs in Cambodia, aiming to introduce and exhibit our Vietnamese products for Cambodians. We hope that through this event we will able promote our Vietnamese products and trades as well as to strengthen cooperation, solidarity and friendship between Cambodia in the future,” he told reporters during a press conference at the NagaWorld hotel in Phnom Penh on July 7th.

Currently there are about 150 Vietnamese companies have been operating in the Cambodia, he said, adding that most of the Vietnamese businesses were invested on agriculture, health, technical affairs, electricity, and rubber plantation.

Mr. Tu Minh Thien said that there are about 2,000 items including household appliances, food, garment, textiles and leather, arts and handcrafts, chemical and cosmetics, construction materials, stationery and cultural products, pharmaceutical, and agricultural products in the Vietnamese trade exhibition.

There are workshops on investment and tourism, medical checks for poor people, concerts, and Caravan program in the event, he said.

Mr. Nguiyen Bao Anh, Deputy Manager Vision of Vietnamese Tourism Promotion, said that this year’s Vietnamese trade event will mark the first time it will be organized and take place at the Diamond Island (Koh Pich) which is the best business centre in the heart of Phnom Penh.

Through the event of the Ho Chi Minh City Expo 2010, Cambodian and Vietnamese business people will have opportunity to meet and convey with each other in order to discuss directly about their trades, businesses and export and import between the two countries in the future, he said, adding that they will become a bride in connection to encourage and improve the trades, investments and tourism of the two countries in the future through these trade fairs.

In the first five months this year, Vietnam putted capital investment of US$ 590 millions in Cambodia while Cambodia invested over US$ 120 million in Vietnam, he said, adding that according to Vietnamese government’s plan, Vietnam plans to reach a US$ 2 billion bilateral trade target this year.
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Mao Thora, Secretary of State for the Ministry of Commerce, said that the trade figures in 2006 have amounted to US$ 935 million and the number increased to US$1,193 million in 2007 with an increase of 27.5 percent. In 2008, the total export-import figures of the two countries have reached around US$1,640 million, an increase of 37.4 percent if compared to 2007, in which the imports from Vietnam to Cambodia worth US$1,430 million and the export from Cambodia to Vietnam worth about US$ 210 million.

He added that the trade figures in 2008 increased the amounted to nearly US$ 500 million which is a proud result for the two countries, obtained from good cooperation and joint efforts under the wise leadership of the head of government of the two countries to promote bilateral trade cooperation, in achieving the total trade figure goal of US$ 2,000 million by 2010.


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