Bright prospects for VN’s exports to Cambodia

Friday, Jul 31,2009

SGGP

Made-in-Vietnam goods are taking the lead among Cambodia’s imports and Ho Chi Minh-based exporters have posted a robust year-on-year growth of 44 percent in January to July, pointing to a bright future for Vietnam’s exports to the market, the city People’s Committee deputy chairwoman, Nguyen Thi Hong, said in a recent meeting.

Workers at a Vinamit’s factory that produces dried jackfruit, one of the company’s exports to Cambodia. In the past several months, Vietnam’s exports have been at the top of Cambodia imports. (Photo: SGGP)

Three years ago, Vietnamese goods ranked third in Cambodia, after Thailand and China, but the situation has changed, with Vietnam surpassing both countries.

This is partly due to concerns revolving around China’s food hygiene and safety, while Thailand and Cambodia have had some diplomatic issues.

Of Vietnamese exports to Cambodia, many registered sharp growth, like instant noodles – which increased as much as 66 percent – in the past few months.

Cheap prices is the leading competitive factor in Cambodia, as local people’s income remains low, so goods of reasonable quality with low prices will obtain a firm foothold in the market, the HCMC Investment and Trade Promotion Center (ITPC) said.

The range of Vietnamese exports to Cambodia has continuously expanded, including seafood, fruit and vegetables, instant noodles, iron and steel, construction materials, pharmaceuticals, plastics, garment and textiles, cosmetics, cleansers, fertilizers, pesticides, and agricultural machinery and equipment, the center said.

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