17-12-2009
HA NOI — General Secretary of the Communist Party of Viet Nam Nong Duc Manh arrives in Cambodia today to begin his second official visit to the neighbouring country at the invitation of King Norodom Sihamoni.
The three-day visit was arranged to promote the traditional friendship and comprehensive co-operation between Viet Nam and Cambodia.
It also aims to build on the consistent foreign policies the Vietnamese Party and State have developed to strengthen and boost traditional friendship and comprehensive co-operation between the two countries.
Viet Nam and Cambodia share a 1,000km long border and both benefit from the Mekong River. The countries have an open foreign policy to diversify and expand their multilateral relations.
In recent years, bilateral relations have developed with an emphasis on "good neighbourliness, traditional friendship, comprehensive co-operation and long-term stability".
A regular exchange of high-level visits has been maintained to promote mutual trust and understanding.
Economic, trade and investment ties between Viet Nam and Cambodia have seen unceasing development on par with their political ties. Two-way trade has increased by 40 per cent annually, reaching US$1.7 billion in 2008 and $945 million in the first nine months of this year.
Viet Nam’s investment in Cambodia has enjoyed considerable growth, with 50 projects currently licensed and valued at $640 million. These projects are primarily focused on the exploration and exploitation of minerals, oil and gas, the construction of hydro-power electric plants and power transmission lines, rubber plantations, telecommunication and developing transport infrastructure. — VNS
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