Cambodia has Chinese-invested 1,200 factories with a total capital of more than USD9 billion

• 6 November 2024
• Local News
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As of October 2024, Cambodia has a total of 1,273 factories invested by Chinese investors, totalling USD 9,086 billion, which represents 45.49 percent of the country’s overall investment capital.

The figures were mentioned in a meeting between HE Hem Vanndy, Minister of Industry, Science, Technology & Innovation and HE Wang Wenbin, Ambassador of China to Cambodia, on November 4, 2024.

The minister said Cambodia and China have a long-standing friendship, and our collaboration in industry and technology is a key pillar of the two countries’ diamond cooperation.

“China is Cambodia’s top foreign investor in manufacturing, a sector that will continue to lead Cambodia’s growth in the future,” Minister Vanndy said.

The minister added that as Cambodia prepares to graduate from Least Developed Country status in 2029, it looks forward to enhancing its cooperation with China, particularly in local raw material production, to meet increasingly stringent market requirements.

The minister also proposed enhanced collaboration in key areas such as standardization, metrology, laboratory services, and water supply.

For his part, the Chinese Ambassador recognized the success of these collaborations.

He thanked Cambodia for supporting China’s international initiatives and invited Cambodia to attend China-hosted upcoming events, including the Mekong-Lancang Innovation Corridor meeting and the AI Conference in 2025.

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