Vietnam-Cambodia Business Association convenes first congress
The Vietnam-Cambodia Business Association (VCBA) organised its first congress in Phnom Penh from September 28-29, discussing measures to bolster bilateral trade cooperation and strengthen Vietnamese goods’ presence in the neighbouring country.
The event brought together more than 100 representatives from 63 member enterprises, members of the consulting board, guests from Cambodia’s Ministry of Interior, the Business Association of Overseas Vietnamese (BAOOV), and business associations of Tay Ninh, Dong Thap, An Giang, and Can Tho.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu affirmed that the VCBA has been a solid bridge connecting business associations of both sides, contributing to bolstering economic, trade, and investment cooperation.
He took the occasion to praise the substantive and effective contributions made by the association over the recent past to building the traditional friendship and comprehensive and sustainable collaboration between the two countries.
Looking ahead, he suggested the association outline specific communications plans to attract more Vietnamese memberships, enhance unity among members, and reinforce its role as a bridge between enterprises and authorities in both countries.
At the event, delegates elected a 25-member executive board and a three-member inspection committee for the 2025–2029 term.
Vietnam – Cambodia trade: Path towards US$20 billion target
With bilateral trade surpassing US$10 billion in 2024 and continuing robust growth, Vietnam – Cambodia economic relations are enjoying their most dynamic period. The goal of US$20 billion by 2030, set by the two countries’ senior leaders, is increasingly within reach.
