Chinese delegations from Hubei Provincial Federation of Industry and Commerce, Beijing International Economic Management Technology Promotion Association, and Zhongke Beifang Co., Ltd. have been on a visit in Cambodia to learn more about the Kingdom’s investment potential and opportunities.
On Dec. 17 at the Council for the Development of Cambodia (CDC)’s headquarters in Phnom Penh, the three Chinese delegations were received separately by H.E. Chea Vuthy, Secretary General of the CDC’s Cambodian Investment Board (CIB).
In the meetings, H.E. Chea Vuthy informed the delegations of the Cambodian investment climate and regime, which are favourable and open to all investors without discrimination.
He noted that the flow of foreign direct investment from China in Cambodia has always topped the list over the past decade, and many large Chinese companies invest in Cambodia in new areas such as tire manufacturing, electronic equipment assembly, and furniture manufacturing, which have created higher added value and use modern technology, in addition to the garment and footwear sectors.
The CIB secretary general also encouraged the Chinese side to consider investing in the creation of special economic zones and in agricultural processing for export to the Chinese market.
H.E. Chea Vuthy is optimistic that more and more Chinese investors will come to invest in Cambodia to contribute to diversifying Cambodia’s economic base and expanding the market, leading to achieving bright and shining Diamond Cooperation between the two countries.
CIB Secretary General H.E. Chea Vuthy (L) shakes hands with Mr. Wu Zhiyong, Vice President of Hubei Provincial Federation of Industry and Commerce
CIB Secretary General H.E. Chea Vuthy (C) poses for a group photo with a delegation of Beijing International Economic Management Technology Promotion Association
A meeting between H.E. Chea Vuthy (2nd R) and a delegation of Zhongke Beifang Co., Ltd. from China’s Liaoning province
