Thursday, 8 April 2010

Vietnamese goods fair ends on high note in Cambodia

via CAAI News Media

Thursday ,Apr 08,2010

The five-day Trade Fair of High-Quality Vietnamese Goods and Exports, which took place in Phnom Penh, Cambodia, wrapped up April 7 with total sales amounting to US$3.3 million, up 6 percent from last year’s fair.

A total of 360 stalls from 170 businesses showcased household appliances, food, textile and garment products, construction materials, pharmaceuticals, production tools and stationary at the fair.

The event attracted around 350,000 fairgoers.

Chairman of the An Giang Province People’s Committee, Lam Minh Chieu (L), and Cambodian Trade Minister Cham Pradish (C) visit the Trade Fair of High-Quality Vietnamese Goods and Exports in Phnom Penh, Cambodia, which ended April 7. (Photo: SGGP)

This year, Cambodian distributors also took on the role of sellers of Vietnamese goods displayed at stalls, while many Vietnamese businesses advertised their products in Cambodian language.

In addition, meetings between Vietnamese companies and Cambodian distributors took place until the last minute of the fair.

The largest conference was hosted by the Binh Dien Fertilizer Company, with around 1,000 Cambodian traders, distributors and farmers taking part.

Along with trading activities, many cultural and art programs were also held for young people during the fair.

One of the most exciting events was a bicycle race organized by sports agencies of the two countries. Competitions took place between 12 teams from three Cambodian provinces and five provinces of Vietnam.

The race ran from Vietnam’s An Giang Province to Phnom Penh, with a group of motorbikes leading the race waving flags with the “yellow rice ear” logo representing high-quality Vietnamese goods. The race was broadcast live on Cambodia’s Bayon Television.

The fair was co-organized by the HCMC Investment and Trade Promotion Centre (ITPC), the High-Quality Vietnamese Goods Businesses Club, and the Vietnam Goods Trade and Services Corp.

The event was also attended by Cambodian Standing Deputy Prime Minister Men Sam An and Vietnamese Ambassador to Cambodia, Ngo Anh Dung.

The trade fairs, the first of which was organized in 2002, have contributed to boosting two-way trade between Vietnam and Cambodia.

According to the Vietnam Chamber of Commerce and Industry, in the first two months of the year, Vietnam-Cambodia trade reached $264.9 million, a 54.8 percent year-on-year increase. Cambodian exports to Vietnam rose by 124 percent during this same period.

However, to further promote Vietnamese goods in Cambodia, experts say that in addition to the quality of products, improvements should also be carried out in such fields as tax policy, trade conditions, logistics, market strategies, and distribution networks.

By To Quyen – Translated by Truc Thinh

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