Việt Nam highly evaluates Cambodia’s economic growth_ltd hom nay

Việt Nam highly evaluates Cambodia’s economic growth
March 28,ltd hom nay 2025 - 10:35![]() |
Ambassador Mai Phan Dũng, Head of the Vietnamese Delegation in Geneva (right) addresses the third Trade Policy Review (TPR) session of Cambodia at the World Trade Organisation (WTO) headquarters in Geneva, Switzerland. — VNA/VNS Photo |
GENEVA — Ambassador Mai Phan Dũng, Head of the Vietnamese Delegation in Geneva, praised Cambodia as one of the fastest-growing economies in the region, with an average annual GDP growth of nearly 5 per cent since 2017 driven by trade liberalisation, tourism, foreign direct investment FDI, and export-oriented production.
Addressing the third Trade Policy Review (TPR) session of Cambodia at the World Trade Organisation (WTO) headquarters in Geneva, Switzerland, on March 26, the Vietnamese diplomat applauded Cambodia’s efforts to realise the target of escaping from the least developed country (LDC) status by 2029. Additionally, the Southeast Asian nation increased its per capita GDP to US$2,520 from nearly $1,900 in 2017, and reduced the number of poor people to 2.8 million in 2020 from 3.9 million in 2014.
Since 2017, Cambodia has introduced and issued many laws and regulations on trade and investment, demonstrating its commitment to modernising and reforming its legal framework in line with international standards. These efforts have facilitated market opening and supported deeper integration into the global economy.
Việt Nam also highly valued Cambodia’s growth in digital economy, with digital service exports nearly tripling from $146 million in 2017 to $426 million in 2023, driven by investment, new legal frameworks, and initiatives in e-commerce and licensing, Dũng said.
The Vietnamese side acknowledged Cambodia’s progress in trade liberalisation and its high level of market openness. Notably, Cambodia reduced its average MFN tariff from 12.3 per cent to 10.8 per cent last year. Within multilateral agreements involving both countries, preferential tariff rates range from 0.2 per cent under the ASEAN Trade in Goods Agreement (ATIGA) to 8.3 per cent under the Regional Comprehensive Economic Partnership (RCEP).
Regarding relations with Việt Nam, through bilateral frameworks such as the Border Trade Agreement and the Trade Promotion Agreement, as well as multilateral mechanisms like ASEAN and RCEP, the two countries have built a legal foundation to optimise trade potential and opportunities. Việt Nam reaffirmed its commitment to strengthening cooperation with Cambodia to further boost bilateral trade and investment, contributing to development within ASEAN and WTO.
At the multilateral level, Việt Nam praised Cambodia’s active participation in WTO activities, including its role as a focal point for LDCs on various issues.
At the event, ASEAN member states’ delegations delivered a joint statement recognising Cambodia’s role since joining ASEAN in 1999. Cambodia has contributed to deeper regional economic integration through the ASEAN Economic Community; and strengthened commitments to trade liberalisation, economic stability, and sustainable development.
Cambodia-ASEAN trade reached 15.7 billion USD in 2024. ASEAN reaffirmed its commitment to supporting Cambodia in deepening regional economic integration and upholding a rules-based multilateral trading system. The bloc stressed that a fair and inclusive international trade environment is essential for the shared interests of developing countries and LDCs, ensuring collective prosperity in the region. — VNA/VNS
相关文章
Vì sao đàn ông Hàn Quốc giàu có không thích kết hôn
Thống kê của Viện Y tế và Xã hội Hàn Quốc công bố hồi tháng 9 cho thấy hơn 50% nam giới ở độ tuổi 302025-04-01Võ sĩ Việt Nam giành chiến thắng tại sự kiện võ thuật ở Bà Rịa Vũng Tàu
Ở trận đấu tâm điểm của sự kiện, đại diện của chủ nhà Việt Nam là Kiều Duy Quân có chiến thắng kịch2025-04-01Thái Lan giành 2 HCV môn golf, bỏ xa đoàn Việt Nam ở Asiad 19
Huy chương vàng (HCV) Asiad 19 cho nam đã thuộc về golf thủ Tachi Kho - người Hong Kong (Trung Quốc)2025-04-01Đức Sơn, Phương Anh vô địch giải golf VGA Junior Tour Final Leg 2023
Quán quân toàn giải và bảng U18 Nam gọi tên Nguyễn Đức Sơn cùng tổng điểm (+4) sau 3 vòng thi. Xuất2025-04-01- Về đến đầu hẻm, Huy ngạc nhiên khi thấy nhiều người trong xóm xúm đen xúm đỏ, như thể sắp được… xem2025-04-01
BIM Group IRONMAN 70.3 trở lại cuối tuần này tại Phu Quoc Marina
Giải đấu thương hiệu toàn cầu, địa điểm tiêu chuẩn quốc tếIRONMAN là thương hiệu toàn cầu. Trong đó,2025-04-01
最新评论