Thursday, February 10, 2011

Vietnamese companies penetrate Cambodian market

A trade fair showcasing Vietnamese and Cambodian industrial products
will take place in the Cambodian capital city of Phnom Penh from
December 15-18.


When addressing a press briefing
on October 15, Vice Chairman of the HCM City Mechanical Engineering
Association, Pham Ngoc Tuan, said that the event will help Vietnamese
businesses to promote their products and seek out new markets in
Cambodia .


With almost 350 stands, the fair is
divided into two themes, one of which is being run by the Cambodian
Ministry of Commerce, focusing on exports from Cambodian provinces.


The other will introduce international industrial products, not only
from Vietnam and Cambodia but also from other countries such as
Japan , Singapore , China and Thailand . The area will be
administered by the HCM City Mechanical Engineering Association and the
Dang Khoa Trade, Investment and Services Promotions Company.


At the event, Vietnamese products will be showcased in 100 stands,
including mechanical engineering, information technology,
transportation, construction and the biochemical’s industry.


According to the organising committee, the Vietnamese and Cambodian
governments have signed a number of economic agreements, which have
created the best possible conditions for Vietnamese businesses to expand
their operations in the Cambodian market.


Market
surveys in Cambodia showed Vietnamese products account for a
substantial amount of the country’s market share. However the
availability of industrial machinery and equipment is still limited./.

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