VIETNAM, CAMBODIA TARGET US$20 BILLION IN BILATERAL TRADE BY 2030

Vietnam mainly exports industrial and consumer goods such as textiles and garments, steel, petroleum products, and chemicals to Cambodia - PHOTO: QUOC HUNG

HCMC – Vietnam and Cambodia are aiming to raise bilateral trade to US$20 billion by 2030 by promoting formal trade channels, improving logistics infrastructure, and accelerating expressway projects leading to international border gates.

The strategy was discussed by government agencies and businesses from both countries at a trade promotion conference for southern Vietnam held in Dong Thap Province on May 15.

Focusing on supply chains and sustainable border trade, the conference called for a shift from conventional goods exchange toward integrated cross-border supply chains supported by synchronized transport infrastructure along the two countries’ 1,137-kilometer land border.

According to data released at the event, trade between Vietnam and Cambodia has become one of the key pillars of economic cooperation in the Mekong sub-region, maintaining steady growth in recent years.

Bilateral trade reached US$10.1 billion in 2024, up 17.5% from the previous year, before surpassing US$11 billion in 2025.

The trade structure between the two countries remains largely complementary. Vietnam mainly exports industrial and consumer goods such as textiles and garments, steel, petroleum products, and chemicals, while importing raw materials including cashew nuts, rubber, and agricultural commodities from Cambodia.

To facilitate trade flows and ease transportation cost bottlenecks, delegates from both sides proposed upgrading border gate infrastructure and promoting digital payment solutions and cross-border e-commerce.

Authorities from the two countries also pledged continued policy support to help businesses gain deeper access to each other’s domestic distribution networks, amid rising regional demand for safe and traceable products.

Source: The Saigon Times