- Monday, 09 July 2012
- Abe Becker
- A pledge in mid-June by Cambodia and Vietnam to increase bilateral trade
by more than US$2.5 billion by 2015 may lead to decreased trade with
Thailand, market analysts have said.
The pledge made by Cambodian Prime Minister Hun Sen and his Vietnamese counterpart Nguyen Tan Dung for $5 billion in total trade between the two nations reflected a similar Sino-Cambodian trade goal set in early April.
Cambodian exports to Vietnam increased more than 57 per cent in the first quarter this year compared to last year, as farmers looked for alternative destinations for products that went to Thailand last year.
The Kingdom’s exports to Vietnam, being primarily agricultural, were worth $201.5 million, up from $127.7 million, between January and March last year, according to data from the Vietnam Trade Office.
Decreasing orders from Thailand this year drove Cambodian farmers to look for new markets, many of which were found in Vietnam, said Chan Nora, Secretary of State at the Ministry of Commerce.
Thai restrictions on Cambodian products such as cassava were also reported this year. Instability in the Cambodian market was caused by the shift to Vietnam, but new trade deals with China are expected to combat the instability, Chan Nora said.
Cambodia’s main exports to Vietnam were seafood, corn, tobacco and rubber.
Cambodia has a very high export potential for Vietnam, but “we must understand consumers’ taste and produce suitable products”, Kao Sieu Luc, general director of Vietnam-owned ABC Bakery, said.
ABC Bakery’s revenue increased more than 40 per cent year-on-year he said.
ABC Bakery plans to build an industrial bakery in Cambodia.

Jan Thomas, vice chancellor of USQ, says the race is on to find new educational paradigms.
Source: Supplied
THE building momentum behind free online higher education has been
given another shot in the arm after UNESCO announced it will ask
governments worldwide to commit to developing, promoting and making
available open educational resources.
Meanwhile, two Australian universities are going through the final
planning phases before the prototype of a free online learning platform
aimed at disadvantaged people particularly in developing nations is
given its first test run.The University of Southern Queensland and Wollongong University are among 15 institutions which will contribute courses to the Open Education Resource University, which is being run by WikiEducator.
USQ vice-chancellor Jan Thomas described it as a “try before you buy” option to higher education.
Under the prototype, students will not need to pay to study unless they want to be assessed.
Professor Thomas said OERU would also be priced at a fraction of normal university units. She said by picking up subjects from the various institutions involved it would, in theory, be possible to graduate at a quarter of the cost of a full degree.
Professor Thomas said one just needed to look to India to see the potential, and need, for such an offering.
“The number of higher education students is expected to double in the next 10 to 20 years,” she said.
“We need new paradigms for educational delivery that allow us to cope with the astronomical growth projected.”
Under the arrangement, each institution will offer at least two courses – the equivalent to one full-year subject. Academic volunteers will provide free tutorial support.
Professor Thomas said rather than cannibalising existing offerings, the OERU would more likely act as a feeder into existing online degrees with credit or advanced standing.
“We are removing cost as the major barrier to learning, opening the door to students from a variety of backgrounds, including stay-at-home mothers, students from third world countries, and so on.
The UNESCO declaration was presented at the World Open Educational Resources (OER) Congress in Paris in June. The congress is a partnership between UNESCO and the non-profit Commonwealth of Learning.