Vietnam buys 80 pct of Cambodia’s agriculture exports
Vietnam bought nearly 80 percent of Cambodia’s nearly $5 billion worth of agriculture exports last year.
It bought 96-99 percent of Cambodia’s cashew, pepper and mung bean exports, according to a report by Cambodia’s Ministry of Agriculture, Forestry and Fisheries.
Exports of Cambodia cashew to Vietnam grew 4.6 times from 2020, and that of pepper and mung bean surged four times.
Other produce that Vietnam bought in large amount from its neighbor were rice, grapefruit, bananas and mangoes.
Cambodian Agriculture Minister Veng Sakhom told Vietnam’s President Nguyen Xuan Phuc during the latter’s recent visit that Vietnam was Cambodia’s biggest importer among 70 countries and territories last year.
Vietnamese companies had also harvested $200 million worth of latex in the first 11 months last year, he added.
« Rubber farming has created jobs for around 33,000 locals. Vietnamese companies also contributed to over 50 precent of Cambodia’s banana exports, creating jobs for around 14,000 workers. »
Insiders say the surge in Cambodia’s exports of agriculture produce to Vietnam came as many Vietnamese companies have invested into Cambodian farming.
Agriculture expert Vo Tong Xuan ascribed the trend to Vietnamese businesses and individuals taking advantage of Cambodia’s affordable land fund as well as lower labor costs.
« The yield is then exported back to Vietnam. »
In the first 11 months last year, trade value between Vietnam and Cambodia rose 84 percent year-on-year to $8.6 billion, according to Vietnam Customs.
Cambodia’s exports to Vietnam rose 337 percent in the period.
By Thi Ha – VnExpress.net – January 10, 2022
Articles similaires / Related posts:
- Vietnam is the undisputed king of global cashew nut producers Government cultivation push continues to pay dividends some four decades later...
- Au Vietnam, les agriculteurs luttent pour écouler des milliers de tonnes de litchis Au Vietnam, l’un des plus grands exportateurs de litchis au monde, la récolte bat son plein. Mais les agriculteurs ont le plus grand mal à écouler leur production à l’international, les frontières restant fermées à cause de la pandémie, et les prix sont en berne....
- Le Vietnam hyperactif sur le marché de la noix de cajou Sur le marché de la noix de cajou, le Vietnam confirme sa place centrale : le pays a importé des quantités records de noix et se retrouve aujourd’hui avec des stocks exceptionnels....
- Smuggling of sugar from Laos, Cambodia into Vietnam on the rise The volume of sugar illegally imported into Vietnam from Cambodia and Laos has been increasing, with 757,000 metric tons per year in the 2015-19 period, nearly 2.8 times the quantity in the 2008-14 period, according to a recently released report....
- L’insolent dynamisme du café Robusta au Vietnam Numéro 2 mondial du café après le Brésil et n°1 du Robusta, le Vietnam, à l’instar de nombreux pays africains producteurs de Robusta, est toujours confronté à de multiples problèmes systémiques qui l’empêchent de progresser dans la chaîne de valeur du café, pouvait-on lire en début de semaine dans le Business Times de Singapour....