Vietnam invests in 190 projects in Cambodia

Meanwhile, Cambodia has poured 65 million USD into 19 projects in Vietnam. 



Vietnam is now the third largest trade partner of Cambodia. Two-way trade hikes 9.8 percent on average each year. 



In 2018 alone, it surpassed 4.7 billion USD, up nearly 24 percent year-on-year. Of the figure, 3.7 billion USD was Vietnam’s exports to Cambodia. 



According to the tax reduction roadmap under the ASEAN Trade in Goods Agreement (ATIGA), almost all exports-imports between Vietnam and Cambodia are eligible to a 0-5 percent tariff. 



The double taxation avoidance and tax evasion agreement between Vietnam and Cambodia, which took effect on February 20, will be applied in the two nations in early 2020.