Cambodia Hosts Seminar Disseminating New Investment Law for 300 Chinese Investors

• Kongleaphy Keam
• 30 November 2021
• Local News
• 2521 Views

The Council for the Development of Cambodia (CDC) yesterday held a seminar to disseminate the new investment law for over 300 Chinese investors and businessmen via an online platform, aiming to attract more investment.

During the seminar, CDC also unveiled that as of October 2021, Chinese investment in Cambodia has reached US$27 billion with the number expected to increase gradually given the incentives provided by the new investment law and the strong Cambodia-China bilateral relations.

Chinese Ambassador HE Wang Wentian said that the two countries are getting closer to each other, and Cambodia has become a major investment destination for China.

Besides, to promote investment cooperation, the CDC and the People’s Republic of China have been signing a series of MoU. Recently, on 12 November, both parties just signed a new MoU on improving cooperation, production capacity and investment.

According to HE Sok Chenda Sophea, Secretary-General of the CDC, during 1992-2020, China has provided a total of US$4,655 million in financing to Cambodia.

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