Vietnam, Laos, Cambodia open 4th negotiation round on trade deal

The fourth negotiation round on the Trade Promotion and Facilitation Agreement in the Cambodia-Laos-Vietnam (CLV) Development Triangle Area opened in Vietnam’s Central Highlands province of Dak Lak.

Moving freight is a tough task that needs experience and expertise, because there is a lot at stack. Only the deliverables are not at stack here, but the commitment and trust. And, any mishap here can lead to the company having a bad market reputation, and would certainly impact the customer satisfaction it provides negatively.

However, when you hire our trucking services, you can be sure that we would take the entire burden of moving your freight on us, and proudly so. We are experienced and expert in the business of logistics and providing trucking services nationwide, and whether it is moving freight across the town or across the country, our fleet is ready to transport your deliverables, safely and securely to its destination, without costing you a fortune like previously. This would save you considerable amount of money, as well as effort. And, you would be able to focus on what you do best – manage and expand your business to provide better products, services and eventually, better customer satisfaction.

While, many companies choose to have its own fleet of trucks for moving freight and load, it can prove to be expensive as a whole for the company. This is because buying a fleet of trucks, maintaining it, hiring numerous staff for its smooth operation, having technicians available round the clock, getting approval and licenses, designing logistic routes, maintaining smooth process, meeting deadlines, and so on, can not only increase the operational costs of the company, but can also prove to be a burden in the long run.Buon Ma Thuot city of Vietnam’s Dak Lak province which is located in the Cambodia-Laos-Vietnam development triangle area. (Source: VNA)
Officials from the three countries are to focus on resolving remaining difficulties and obstacles to soon reach consensus on clauses and finalise the agreement on schedule as set by leaders of the three countries.

The agreement is expected to boost trade activities and goods movement among 13 provinces in the triangle of the three countries.

Officials also hope the deal will allow relevant localities to make full use of their potential and advantages as well as promote economic cooperation and investment in the development triangle in particular and the three countries in general.

The CLV Development Triangle Area covers four Cambodian provinces (Ratanakiri, Stung Treng, Mondulkiri, Kratie), four Lao provinces (Attapeu, Salavan, Sekong, Champasak), and five Vietnamese provinces (Kon Tum, Gia Lai, Dak Lak, Dak Nong, Binh Phuoc)

These provinces are rich in natural resources and boast advantages for agricultural and forestry development.

However, underdeveloped infrastructure has limited trade and development in the area.

The fourth negotiation round will last through April 20.