Cambodia and Vietnam Vow to Boost Bilateral Trade to $20 Billion

The Council for the Development of Cambodia (CDC) met with a delegation of Vietnamese businesses led by Ambassador Nguyen Minh Vu on September 14, 2026. During the meeting, Mr. Chea Vuthy, Secretary General of the CDC, emphasized the government's commitment to promoting the private sector and recalled the determination of the top leaders of both countries to boost commercial activities between Cambodia and Vietnam. The specific target is to increase bilateral trade to $20 billion. Mr. Chea Vuthy highlighted Cambodia's significant potential in the agricultural and agro-processing sectors, encouraging Vietnamese investors to consider investing in processing into finished products rather than just exporting raw materials, citing examples such as cashew nuts, cassava, rice, rubber, and planted forests. Ambassador Nguyen Minh Vu expressed gratitude for the cooperation from the CDC and the Vietnam-Cambodia Business Association, highly commending the CDC's efficient coordination in resolving the challenges faced by Vietnamese investors. Representatives of the Vietnamese private sector presented investment projects, including establishing a factory to process rubber raw materials into furniture, producing organic fertilizer, and investing in coffee cultivation and processing. Mr. Chea Vuthy welcomed and supported these investment projects, urging companies to submit their applications for investment project registration to the CDC promptly. He also informed them about efforts to strengthen the CDC's One-Stop Service mechanism to provide easier, faster, and more efficient services. Finally, he requested investors to pay attention to environmental protection, social responsibility, and good governance through legal compliance and tax payments, enabling the state to invest in infrastructure and human resource development to serve investors.