A New Chapter in Vietnam–Cambodia Economic Cooperation
To further strengthen economic and trade relations between the two neighboring countries, Vietnam’s Minister of Industry and Trade Nguyễn Hồng Diên and Cambodia’s Minister of Commerce Cham Nimul officially signed the Bilateral Trade Promotion Agreement for the 2025–2026 period on April 28, 2025.
This agreement marks an important milestone in deepening bilateral cooperation, aiming to facilitate two-way trade and move toward the shared goal of reaching USD 20 billion in total trade turnover in the coming years.
Trade Overview Between Vietnam and Cambodia
As of the first quarter of 2025, Cambodia’s total foreign trade reached USD 14.48 billion, up 15.6% year-on-year compared to the same period in 2024.
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Exports: USD 6.88 billion, up 9.8% year-on-year.
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Imports: USD 7.6 billion, up 21.5% year-on-year.
The United States remains Cambodia’s largest export destination, with a value of USD 2.43 billion, accounting for 35%of the country’s total exports.
Vietnam ranked as Cambodia’s second-largest export market, with export value reaching USD 1.91 billion, an increase of 11.9% compared to the same period last year.
On the other hand, Vietnam’s exports to Cambodia totaled USD 1.32 billion in the first quarter of 2025, up 5.5% year-on-year.
Toward a More Dynamic and Sustainable Trade Partnership
The newly signed agreement reflects the strong commitment of both governments to expand bilateral trade cooperation, improve logistics connectivity, and enhance investment facilitation in border regions.
It also lays the foundation for implementing mutually beneficial trade policies, promoting agricultural, industrial, and energy cooperation, and encouraging business-to-business (B2B) partnerships between enterprises of both nations.
With these initiatives, Vietnam and Cambodia are set to deepen their economic integration and jointly contribute to regional growth and prosperity.