Vietnam gives top priority to promote the traditional friendship and cooperation relationship with Cambodia

 

Vietnam and Cambodia are two close neighbors and have a long-standing and traditional relationship. This relationship has been cultivated by people of the two countries and has become an invaluable common property of the two peoples. The year 2022 marks the 55th anniversary of the establishment of diplomatic relations between the two countries (June 24, 1967 - June 24, 2022) and was also chosen as the Vietnam-Cambodia Friendship Year. The journey of more than half a century is a living proof of the good neighborly relationship, traditional friendship, comprehensive, sustainable and long-term cooperation between Vietnam and Cambodia.

Experiencing many historical ups and downs, Vietnam-Cambodia relations have become closer and stronger. The two countries' relations are currently developing under the motto of good neighborliness and traditional friendship as well as the comprehensive, long-term and sustainable cooperation. Senior leaders of two Parties and States both emphasized their determination to jointly cultivate solidarity and friendship on the historical foundation between two countries, at the same time affirming that the relationship between the two Parties and States is developing rapidly, deeply, practically and effectively in all fields, becoming a valuable common asset of the two peoples, contributing to creating an environment of peace, stability and long-term development.

As a key activity in the Vietnam-Cambodia Friendship Year 2022, the 55th anniversary of the establishment of diplomatic relations between Vietnam and Cambodia took place in Hanoi on June 24. This is an opportunity for two sides to review the historical and traditional solidarity, support and help each other throughout the national liberation struggle in the past and the construction and development of the country nowadays; at the same time, contribute to enhance propaganda and education of the two peoples about the meaning and importance of Vietnam-Cambodia relations.

The 55th anniversary of the establishment of diplomatic relations marks an important milestone of the close friendship between the two neighboring countries. In order to further consolidate the good neighborly relations and traditional friendship between the two countries, the State visit to Cambodia by President Nguyen Xuan Phuc in December 2021 kicked off the Vietnam-Cambodia 2022 Friendship Year. During the Year of Friendship, two countries will increase delegation visits at all levels, coordinate to organize more practical activities, helping all classes and generations of people, especially the young understand the meaning and importance of of the solidarity and cooperation relationship between Vietnam and Cambodia.

Vietnam currently has 188 active investment projects in Cambodia, with a total registered capital of about $2.846 billion, maintaining its leading position in ASEAN and among the top 5 countries with the largest direct investment in Cambodia. Vietnam's investment activities in Cambodia are mainly in the fields of agriculture, finance, banking, insurance, telecommunications, etc, contributing to socio-economic development, improving living standards, contributing to socio-economic development, increasing budget revenue, promoting infrastructure development and creating jobs for tens of thousands of Cambodian workers. Currently, Cambodia has 21 investment projects in Vietnam with a total registered capital of $64 million, ranking 54th among countries and territories investing in Vietnam.

In the context of the Covid-19 epidemic, trade turnover between two countries still maintains a positive growth momentum, with 2020 trade turnover reaching $5.32 billion and in 2021 reaching $9.54 billion. Two-way turnover in the first 5 months of 2022 reached $5.44 billion, more than 19% of the same period in 2021. Trade activities between Vietnam and Cambodia were promoted by many agreements, memorandums of understanding, and forums of businesses, exhibitions, etc.

Cooperation in other fields such as agriculture, transportation, education-training, etc are interested and actively promoted by two sides. Cooperation between departments, ministries, industries and agencies of the National Assembly, mass organizations and people's organizations continues to be promoted and become more substantive. Cooperation and mutual assistance among localities, especially bordering localities, continued to be expanded, especially in infrastructure construction, medical care, training and developing human resources, ensuring security, order and safety in border areas of two countries.

Vietnam and Cambodia agreed to soon sign the Border Trade Agreement; effectively use the border gate system between two countries to facilitate trade and people-to-people exchanges; increase frequency of direct flights and further promote tourism cooperation. Two sides affirmed to continue promoting negotiations about border sections that have not yet been demarcated and marked; negotiate and sign Agreements on border management regulations and Agreements on border gates and land border gate management regulations. Regarding multilateral cooperation, two sides also agreed to continue closely coordinating and supporting each other at international, regional and sub-regional forums, especially in the year Cambodia chairing ASEAN in 2022.

In order to preserve and promote the achievements of the cooperation relationship between two Parties, two States, two sides deeply grasp and raise awareness of the strategic importance and vital significance of the Vietnam-Cambodia relations for the cause of national construction and defense in the new situation. Preserving, consolidating and strengthening the good neighborly relations, traditional friendship, comprehensive and long-term sustainable cooperation between Vietnam and Cambodia is a task of special importance./.

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