PHNOM PENH, October 18, 2024 — Three Chinese delegations, representing the Hubei Provincial Federation of Industry and Commerce, Beijing International Economic Management Technology Promotion Association, and Zhongke Beifang Co., Ltd., have arrived in Cambodia to explore the Kingdom's thriving investment opportunities.

During separate meetings on December 17 at the Council for the Development of Cambodia (CDC) headquarters in Phnom Penh, Chea Vuthy, Secretary General of the Cambodian Investment Board (CIB), provided insights into Cambodia's favorable investment climate. He emphasized the nation’s open investment regime, welcoming investors without discrimination.

Highlighting China’s role as a top investor in Cambodia over the past decade, Chea Vuthy noted significant Chinese investments in industries such as tire manufacturing, electronic equipment assembly, furniture production, and traditional sectors like garment and footwear manufacturing. These ventures have not only driven economic growth but also introduced advanced technologies and created value-added products.

The Secretary General encouraged the delegations to consider opportunities in developing special economic zones and agricultural processing for exports to China, pointing to Cambodia's untapped potential in these sectors.

Expressing optimism, Chea Vuthy underscored the importance of continued Chinese investment in diversifying Cambodia’s economic base. He believes these partnerships will further strengthen the "Diamond Cooperation" framework between the two nations, fostering economic growth and broader market expansion.