Vietnamese apparel products are among favorite items in the Cambodian market
This comes as Vietnamese exports to the ASEAN partner raked in US$728.4 million, a rise of 8.6%, while Cambodian exports to the country reached more than US$603 million, up 335% compared to the same period from the previous year.
Most notably, major local export items to Cambodia included iron and steel, petroleum, garments and textiles, consumer goods, and other agricultural products such as fish, meat, and vegetables. In return, Cambodian exports primarily consisted of cashew nuts, rubber, along with timber and wood products.
Alongside promoting exports to Cambodia, the nation continues to provide tariff preferences for Cambodian exports to the Vietnamese market as a means of encouraging an increase in trade exchanges.
This represents great significance for the Cambodian Government and people as it has served to boost production and stimulate economic recovery amid the ongoing complicated developments relating to the global spread of the novel coronavirus (COVID-19) pandemic.VOV