Z 38, a member of the Association of Vietnamese Enterprises in Cambodia, is speeding up construction so that the first Vietnam supermarket in Cambodia can be opened by the end of this year.
Z 38, a member of the Association ofVietnamese Enterprises in Cambodia, is speeding up construction so thatthe first Vietnam supermarket in Cambodia can be opened by the end ofthis year.
Located on 3,300sq.m at 717-719 Monivong Street inPhnom Penh, the Vietnam Supermart aimed to promote Vietnamese goods inthe Cambodian market, said Seng Meng, chairman of the Z 38's managementboard.
There is no place in Cambodia to showcase and introduce Vietnamese goods favoured by Cambodian customers, said Meng.
"Thisnew market will help satisfy the Vietnamese enterprises' demand fordisplay and selling Vietnamese goods at a low cost," said Meng.
With an investment of over 3 million USD, the supermarket is scheduled to open on December 29.
Hesaid the supermarket would sell high-quality goods, targeting Cambodiancustomers from both medium – and high-income families.
TheAssociation of Vietnamese Enterprises in Cambodia said the countries'commercial relations hve been promoted via a 1,000km border with 10international border gates between Cambodia and Vietnam.
In thefirst nine months of 2010, two-way trade between Cambodia and Vietnamamounted to 1.29 billion USD, a year-on-year increase of 36.2 percent.
In the same period, Vietnam's exports to Cambodia reached nearly 1.1 billion USD, up by 34.4 percent compared with last year.
Atthe meeting for the development of Vietnam-Cambodia cross-border tradein Phnom Penh in late 2009, Government agencies and businesses from thetwo countries re-affirmed their efforts to promote investment andbusiness between Vietnam and Cambodia./.
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