Cambodia & Vietnam Forge Business Council for Seamless Cross-Border Trade

• 11 March 2024
• Property Focus
• 1585 Views

In a groundbreaking move towards bolstering economic ties, the Cambodian Chamber of Commerce (CCC) and the Cambodia-Vietnam Business Council (CVBA) have unveiled plans to establish the Cambodia-Vietnam Business Council. This strategic initiative announced through the official Facebook page of the CCC on 8 March 2024, is poised to play a pivotal role in addressing challenges and fostering a more streamlined cross-border trade relationship between the two nations.

During a pivotal meeting, Okhna Lim Heng, Acting President of the CCC, engaged with the leadership of the CVBA, led by Leng Rithy. The primary objective of this meeting was to fortify collaboration, fostering an even stronger business partnership between the Chamber of Commerce and the Cambodian-Vietnamese Business Association.

Reflecting on past successes, Okhna Lim Heng highlighted the role of the CCC in facilitating resolutions for Vietnamese investment companies encountering challenges with governmental and relevant institutions.

Looking ahead, Okhna Lim Heng announced the establishment of the CVBA. This council aims to promptly address challenges faced by traders and residents along the Cambodia-Vietnam border, fostering an environment conducive to private sector collaboration and fortifying the cross-border trade agreement between Cambodia and Vietnam.

The CCC emphasised the thriving business engagements of Vietnamese investors in Cambodia, particularly in sectors such as telecommunications, banking, tourism, and more. This pivotal step marks a new chapter in fostering economic cooperation between the two neighbouring countries.

• Business and Market
• Cooperation and networking