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Deadly Collision Claims 67 Lives in U.S. Air Disaster | At Least 30 Dead and Many Injured in Stampede at Maha Kumbh Mela in India | Chinese President Xi Jinping Affirms Cambodia's Role as a Key Partner in China’s Diplomatic Strategy | Xi Jinping Concludes State Visit to Cambodia, Strengthening Bilateral Ties | Chinese President Xi Jinping Concludes Successful State Visit to Cambodia | Chinese Ambassador: US-China Trade Tensions Harm Developing Nations; President Xi Urges Investment in Cambodia and Expanded Market Access | Japanese Maritime Self-Defense Force Ships Bungo and Etazima Dock at Ream Sea Base for Four-Day Visit | Prime Minister Hun Manet Expresses Displeasure Over Criticism of Chinese Investments During Kampot International Tourist Port Inauguration | Asian Development Bank Collaborates with Cambodia on New Development Projects Worth Over $1 Billion |

Chinese Firms Explore Trade and Investment Opportunities in Cambodia

  • Posted Apr 26, 2024 15:10 by EAC News
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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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