Vietnam-Cambodia ties set for new stage of development
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Vietnam-Cambodia ties set for new stage of development

Economy, Vietnam, Vietnam Finance News
Party General Secretary Nguyen Phu Trong. His upcoming state visit to Cambodia will open a new stage of development in relations between the two countries. (Photo: VNA)



Hanoi (VNA)
– Party General Secretary Nguyen Phu Trong’s upcoming
state visit to Cambodia from July 20-22 will open a new stage of development in
relations between the two countries.

The visit, the second state-level visit to the neighbouring nation by the Party
leader, will be made on the occasion of the 50th anniversary of
diplomatic ties (June 24) and in the context of sound overall relations. It
aims to promote trust between the Communist Party of Vietnam (CPV) and the
Cambodian People’s Party (CPP) and speed up the implementation of agreements signed
between the two nations.

The visit is also expected to create favourable conditions for the two sides to
address existing problems in their relations, bringing relations to a deeper
and more sustainable level.

In a message sent to Head of State of Cambodia Norodom Sihanouk on June 23,
1967, President Ho Chi Minh said the establishment of diplomatic relations
between the two countries was a bright manifestation of the close friendship
and solidarity in combat. It was a historic event in the relationship between
Vietnam and Cambodia, and positive factor in maintaining peace in Indochina and
Southeast Asia. The relations have been nurtured and developed by both nations
over the past five decades.

The two countries have pursued a foreign policy of independence, self-reliance,
diversification and multilateralisation of international relations. They have attached
importance to consolidating and enhancing bilateral ties in the spirit of “good
neighbourliness, traditional friendship, comprehensive cooperation and
long-lasting sustainability” and on the basis of respect for each other’s
independence, sovereignty, territorial integrity and no interference in each
other’s internal affairs.

Despite complex regional and global developments in recent years, Vietnam and
Cambodia have still enjoyed fruitful relations, contributing to the building of
a peaceful and stable environment for stronger socio-economic development and
ensuring the independence and sovereignty of each nation.

The two sides have maintained and effectively promoted bilateral cooperation
mechanisms while increasing the exchange of visits and meetings between their
senior leaders. Vietnam and Cambodia exchanged 150 delegations of all levels in
2016 and in the first half of 2017. Various cooperation agreements have been
inked, creating a base to branch out relations between the two nations.

Economic collaboration has been a catalyst to promote the two peoples’
solidarity and friendship. Vietnam has 183 investment projects with total
registered capital of 2.8 billion USD in Cambodia. Projects in
telecommunications, aviation and agriculture have proved efficient. The two
countries have seen an increase in bilateral trade which has averaged 3 billion
USD per year in the last five years.

Along with supporting Cambodia’s economic development, Vietnamese enterprises
have been responsible for social welfare in the host nation and improving local
livelihoods. Vietnam aims to pour 6 billion USD into Cambodia by 2020, focusing
in the fields of Vietnam’s strength and Cambodia’s potential.

Vietnam has granted thousands of short-term and long-term scholarships for
Cambodia while Cambodia helps Vietnam train bachelors in Khmer language and
culture.

Relations between bordering provinces have flourished. Twinning relations have
been set up between Prec Sihanuk province of Cambodia and Hai Phong city of
Vietnam. The Cambodian locality also has relations with Kien Giang province and
some Mekong Delta localities.

The two countries have well implemented cooperation agreements in defence and
security to ensure political and social stability in each nation. They have
also coordinated at regional and global forums, particularly in the framework
of the United Nations, the Association of Southeast Asian Nations and the
Asia-Europe Meeting.-VNA

QBCA

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