Logo of Phnom Penh Post newspaper Phnom Penh Post - Cambodia, VN set to up vehicle quota

Cambodia, VN set to up vehicle quota

Content image - Phnom Penh Post
Trucks at Cambodia-Vietnam border in 2021. Cambodia and Vietnam plan to increase the quota of total commercial vehicles permitted to cross their shared frontier. FACEBOOK

Cambodia, VN set to up vehicle quota

Cambodia and Vietnam plan to increase the quota of total commercial vehicles permitted to cross their shared frontier from 500 for each side to 800 by the end of this year to facilitate cross-border trade between the two neighbouring ASEAN nations.

Delegations from the two countries in Vietnam last week discussed a draft memorandum of understanding (MoU) to this effect, and potential times and locations for future meetings on the deal as well as on the challenges of cross-border transportation and transport infrastructure connectivity, particularly those pertaining to roads and railways, waterways, and logistics.

Speaking to The Post on August 22, Ministry of Public Works and Transport undersecretary of state Pen Boran, who led the Cambodian delegation, noted that the 500-vehicle quota was set back in 2012, but that the significant growth of overland trade prompted the two countries to expand the “exchange list” of commercial vehicles allowed to cross the shared border via the MoU expected to be inked later this year.

“The working groups of the two countries will discuss in detail the preparation of the MoU in September or October. Our economy is growing and the demand for trucks is also increasing, leading both sides to decide to increase the quota for commercial vehicles crossing the international border,” he said.

Cambodia Logistics Association (CLA) president Sin Chanthy noted that raising the quota to 800 commercial vehicles, from an initial 40 back in the day, would offer consumers more options for carriers with vehicles authorised to make the crossing, and drive competition among these companies.

Logistics and Supply Chain Business Association in Cambodia (Loscba) president Chea Chandara lauded the quota increase as a form of transport infrastructure connectivity improvement and a boon for the private transport sector that “can save time and make delivery faster”.

He also pointed out that both countries drive on the right-hand side of the road, making it easier for drivers from either side to continue their journey after the border crossing.

According to the General Department of Customs and Excise, from January to July, bilateral trade between Cambodia and Vietnam rose 22.18 per cent year-on-year to $3.766 billion.

Cambodian exports to Vietnam edged up 3.45 per cent year-on-year to $1.327 billion, and imports surged 35.53 per cent to $2.439 billion. The Kingdom’s trade deficit with Vietnam expanded 115.01 per cent to $1.113 billion.

MOST VIEWED

  • South Korea’s first lady brings hope to ill boy

    South Korea’s first lady Kim Keon-hee – wife of current president of the Republic of Korea, Yoon Suk Yeol – met with a 14-year-boy with congenital heart disease during her trip to the Kingdom for the ASEAN Summit. After their meeting it was announced that the

  • Hun Sen gets Covid, shuns G20, APEC summits

    Prime Minister Hun Sen said he has tested positive for Covid-19 in Indonesia, where he is slated to attend the G20 summit in his capacity of the ASEAN chair. In a social media post addressing the Cambodian public, he said: “Before leaving Cambodia, I always

  • Moody’s sets outlook rating to ‘negative’ for Cambodia

    US global rating agency Moody’s Investors Service Inc on November 15 announced that it downgraded Cambodia’s outlook from “stable” to “negative” and maintained its B2 local and foreign currency issuer ratings. “The negative outlook reflects a deteriorating external position as illustrated by the severe

  • Korean first lady paves way for ill boy’s surgery

    A 14-year-old boy with congenital heart disease who was lucky enough to meet with South Korean first lady Kim Keon-hee may get the chance of a lifetime and receive surgery and treatment at Asan Medical Center in Seoul, South Korea. After seeing his plight, many

  • Hong Kong firm done buying Coke Cambodia

    Swire Coca-Cola Ltd, a wholly-owned subsidiary of Hong Kong-listed Swire Pacific Ltd, on November 25 announced that it had completed the acquisition of The Coca-Cola Co’s bottling business in Cambodia, as part of its ambitions to expand into the Southeast Asian market. Swire Coca-Cola affirmed

  • Hun Sen’s Covid infection caused by ‘weakened antibody’ after summit

    Prime Minister Hun Sen said exhaustion from heavy workload before and during the recent ASEAN Summit may have led to him contracting Covid-19 due to his weakened immune system, while rejecting speculations that the infection was caused by leaders of some countries who did not