THE EVOLVING TRADE AND ECONOMIC PARTNERSHIP BETWEEN CAMBODIA AND VIETNAM
DOI:
https://doi.org/10.22452/jati.vol30no1.1Keywords:
Cambodia, economic ties, integration, investments, trade, VietnamAbstract
Economic relations between Cambodia and Vietnam are characterised by strong trade ties, investment collaboration, and shared economic interests, though not without contention. The two countries occupy distinct positions within regional integration processes, deriving differing benefits from their interactions. The study aims to analyse the evolution of Cambodia-Vietnam economic relations, focusing on bilateral trade dynamics, investment patterns, and ongoing integration processes that affect both economies. The research employs various statistical analyses, utilising data from reputable sources such as the World Bank and ASEANstats. It examines trade and investment activities from the 2000s to the present, assessing both qualitative and quantitative indicators. The findings indicate a significant increase in bilateral trade, with Vietnam emerging as Cambodia’s third-largest trading partner. However, the study reveals persistent asymmetries in trade data reported by each country, often highlighting frequent statistical discrepancies. It also discusses the predominance of raw material exports from Cambodia and the implications of substantial Vietnamese investments across sectors of the Cambodian economy. The article concludes that while the economic cooperation has brought benefits such as job creation and infrastructure development in Cambodia, it also presents threats, notably the risk of Cambodia becoming raw material appendage to Vietnam. Enhancing the efficiency of these economic relations, developing infrastructure, and fostering deeper bilateral cooperation are posited as crucial for the sustainable growth of both nations.
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