Monday, 31 March 2008

Vietnam to boost economic cooperation with Cambodia

VIENTIANE, March 30 (Xinhua) -- Vietnam and Cambodia have agreed to beef up their cooperation, especially in the fields of oil and gas, electricity, mining, cash crop cultivation, and construction material production.

During the meeting between Vietnamese Prime Minister Nguyen Tan Dung and his Cambodian counterpart Hun Sen here Sunday, on the occasion of their attention to the 3rd Greater Mekong Sub-region (GMS) Summit, they have agreed to accelerate Vietnamese-backed projects in Cambodia.

Trade between Vietnam and Cambodia should reach 2 billion U.S. dollars in 2010, said the two prime ministers.

The two sides have also agreed to finish their land border demarcation in 2012 as scheduled, and closely cooperate in dealing with some other issues, including those on using Mekong water resource.

Starting on Sunday, the two-day summit with the theme of "Enhancement of Competitiveness via Greater Connectivity" will focus its discussion on strengthening transport connectivity, boosting cooperation between public and private sectors, implementing sustainable environment management and enhancing cooperation for GMS developments. GMS members include Laos, Vietnam, Cambodia, Thailand, Myanmar and China.

Editor: Mu Xuequan

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