Phnom Penh (FN), June 23 – Chief Diplomats of the two countries, Cambodia and Vietnam, have reached an agreement on further strengthening of cooperation between two countries’ border authorities so that any problem that comes out would be addressed quickly and demarcation of borders between the two countries could be completed shortly, according to a press release by the Ministry of Foreign Affairs issued today, June 23, 2016.

In a wrap-up of the outcome of a three-day visit to Vietnam by Senior Minister, Minister of Foreign Affairs and International Relations Prak Sokhon from June 20 through June 23, 2016, the press release highlighted that the two chief diplomats have reached the agreement on advancing cooperation of the two countries’ border authorities with a view to ultimately achieving a border of peace, friendship, cooperation and development between Cambodia and Vietnam.

In the meantime, the Ministry of Foreign Affairs reported that the two countries have also agreed on boosting trade exchange between the two countries to $5billion just as agreed upon by Prime Ministers of the two countries. In view of expanding trade volume to $5billion, the two sides have agreed upon the following six steps: 1) Encouraging more Vietnamese investors to come and invest directly in Cambodia; 2) Reaching an agreement on non-duplicating taxation; 3) Reaching a new agreement on trade, exchange of goods and services at the border; 4) Constructing a model border market at Tbong Khmum province; 5) Preventing cross-border contraband and 6) Organizing trade fairs in the two countries as often as possible.