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Chinese Firms Explore Trade and Investment Opportunities in Cambodia

PHNOM PENH, April 25, 2024 — A delegation from China, led by Wang Honggang, Deputy General Manager of China Energy Engineering Corporation, is currently in Cambodia exploring potential trade and investment opportunities in the digital economy, energy, and renewable energy sectors.

The delegation, which includes senior representatives from Management Venture Asia (Cambodia), Toyo Ventures Holdings Berhad, and China Energy Engineering Corporation, met with Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), at the CDC headquarters on Wednesday.

During the meeting, Chanthol welcomed the Chinese investors' interest in these key sectors and highlighted Cambodia’s advantages as an investment destination. He emphasized the country’s favorable investment climate, political stability, stable inflation and exchange rates, and the strategic market access Cambodia offers to regional and global markets.

Chanthol also pointed out the openness of Cambodia's investment laws, which allow foreign investors to own 100-percent of their businesses in the country, and mentioned ongoing efforts to develop physical infrastructure and other large-scale projects that could support incoming investments.

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