Cambodia-Vietnam border market launched to boost trade

Thứ Tư, 25/12/2019, 19:09
Da market, the first Cambodia-Vietnam model border market, was inaugurated and handed over to Cambodia’s Tbong Khmum province on December 24 as a gift from Vietnam.

Dubbed "Da Market", the 68-booth market is located along the border in Memot district in southeast Cambodia's Tboung Khmum province.

Cambodian Prime Minister Hun Sen, Vietnamese Deputy Prime Minister Trinh Dinh Dung at the inauguration ceremony.

The inauguration ceremony saw the presence of Cambodian Prime Minister Hun Sen, Vietnamese Deputy Prime Minister Trinh Dinh Dung, Government officials, leaders of ministries and sectors from the two countries as well as around 8,000 locals living in the shared border area.

According to the NDO, the market was constructed in January 2018 on an area of nearly 20,000 square meters at Thary Tbaung Khmum special economic zone in Memot district, Tbong Khmum province, Cambodia. It is opposite to Vietnam’s Chang Riec border gate in Tan Bien district, Tay Ninh province.

The project has seen a total investment of nearly VND45 billion (US$1.94 million) as part of the Vietnamese Government’s non-refundable aid package to Cambodia.
Cambodian Prime Minister Hun Sen, Vietnamese Deputy Prime Minister Trinh Dinh Dung at the inauguration ceremony.
In his address, Cambodian Prime Minister Hun Sen expressed his deep gratitude towards the Vietnamese Government and people for funding the project, which will benefit the people in the two countries, particularly those living in the shared border areas.

"The market will facilitate trade exchanges between the peoples of the two countries, and it will importantly contribute to boosting trade volume between our two countries", said Prime Minister Hun Sen.

For his part, Vietnamese Deputy Prime Minister Trinh Dinh Dung stressed that the project is of huge significance in the bilateral economic, trade and investment relations. 

He expressed his belief that with its favourable location and strong support from the two Governments and peoples, Da market will become a key trade location which can help to reduce poverty and improve the standard of living for people in the shared border areas.

By Thien Minh