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Domestic News
Many opportunities to export materials buiding to Cambodia
Construction demand in Cambodia is rising. According to the Vietnam Trade Office in Cambodia, businesses need to take advantage of opportunity to export items of construction materials on the market.
According to the latest figures from the Vietnam Trade Office in Cambodia has announced the first nine months of 2012. The Ministry of Construction of Land Management and Urban Planning of Cambodia has licensed total of 1,350 construction projects with a total capital invest up to $1.8 billion. The construction word in Cambodia focuses on the garment factories, hotel, commercial houses, building,...

M.Tran Duc Huy, the Director General
Vinh Tuong Industrial Corporation said that in recent year, construction materials exported from Vietnam to Cambodia to have good growth, which highlights items iron and steel, electrical cable, cement, walls, wall panel,... Specifically, the product frame ceilings, walls and decorative center of Vinh Tuong market share of about 60% in the Cambodian market, growth in this market is still maintained at 5% / year.

According to Huy, to successfully penetrate the Cambodian market, businesses should carefully study the market through partners of the host country.These partners will share their experiences as well as the company products to consumers.

According to the General Administration of Customs, by the end of September 2012, Cambodia is the largest steel importer of Vietnam. Vietnam has exported to Cambodia 388.1 thousand tons of steel, worth 293.4 million U.S. dollars, accounting for 14.1% and 18.6% in value and 23.3 % in volume compared with the same period last year.

Source: TBKTSG Online

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