Cambodia and Vietnam Sign Pact for Railway Link

Nov. 10 – Cambodia and Vietnam have agreed to a deal that would connect the railways from Phnom Penh to Vietnam at a cost of more than US$500 million.

"China has promised to build the railroad from Phnom Penh to Vietnam as part of the project to create a link from Singapore to Kunming in China," Hor Namhong was quoted as saying by the AFP.

In the past, there have been plans to link Southeast Asia by rail. So far, only Singapore, Malaysia and Thailand operating cross-border links.

He added, "The railroads are very important for Cambodia's economy because we can then export goods to other southeast Asian countries at low cost."

For the first eight months of the year, bilateral trade between Cambodia and Vietnam amounted to US$1.7 billion.

• Previous Article Vietnamese Premier: Global Economic Turmoil will Impact Mekong Region
• Next Article Vietnam’s Car Sales Plunge by 37 Percent