Vietnam organized the largest- ever trade fair on Thursday, vowing to boost the bilateral trade to $3 billion this year.

Speaking at the opening of the 5-day event at Mondial Center, Vu Kim Hanh, chairwoman of the Business Association of High Quality Vietnam Goods, said the fair brought together 120 Vietnamese companies displaying more than 2,000 types of products.

"This is the largest Vietnamese trade fair in Cambodia in a decade," she said, pledging to push trade volume between Vietnam and Cambodia to $3 billion in 2012.

Mao Thora, secretary of state at Cambodian Ministry of Commerce, said that the bilateral trade volume between the two neighbors was $2.8 billion in 2011 and during the first seven months of this year, the trade volume was $1.9 billion.

"We notice that during the last few years, Cambodia-Vietnam trade has tremendously increased thanks to good relationship and cooperation between the governments of the two countries," he said.