10th November, 2008.
VietNamNet Bridge – Major newspapers in Cambodia on November 9 run articles affirming that the cooperation between Cambodia and Vietnam will further develop, particularly after the Vietnam visit by Prime Minister Hun Sen from November 4-8.
Cambodian Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation Hor Namhong said that the signing of five cooperation agreements between the two countries created a new opportunity for economic development as well as brought a practical interest for the Cambodian people.
The agreement on visa exemption for common passport holders would contribute to Cambodia ’s tourism development, while the agreement on transit of goods between the two countries would increase bilateral trade turnover from estimated 1.7 billion USD in 2008 to more than 2 billion USD by 2010.
Vietnam also pledged to sell electricity at low prices to Cambodia and to conduct survey works of a 50MW hydro-power station on Cambodia’s Se San River in order to supply electricity to Mondolkiri, Ratanakiri and Stung Treng provinces as well as to export electricity to Vietnam.