Chinese Chamber of Commerce Promises to Bring Over 40 Chinese Investors to Cambodia in August

• Sommana Yan
• 3 August 2023
• Uncategorized
• 2243 Views

Cambodia’s investment landscape is on the brink of a transformative surge as Boris Xue, President of the Ningbo Chamber of Commerce in China, has pledged to spearhead the arrival of over 40 prominent Chinese companies to Cambodia by mid-August.

In a landmark meeting held on 2 August 2023 with HE Chea Vuthy, Deputy Secretary General of the Cambodian Investment Committee (CEC) and the Cambodian Special Economic Zones Committee (CEC), Boris Xue reaffirmed his commitment to foster and elevate the Cambodia-China partnership. This strategic alliance aims to invigorate key sectors through impactful investments, spanning (1) industry and (2) manufacturing, with a particular focus on fabric and yarn production. The collaboration will also extend to (3) technology, (4) commerce, and (5) real estate.

Boris Xue, at the helm of a 15-strong investment delegation, embarked on a fact-finding mission to comprehend Cambodia’s investment ecosystem, including its legal framework, opportunities, and investment ambience. This demonstration of commitment underscores his dedication to laying a robust foundation for constructive and enduring partnerships.

Impressively, Xue has grand plans to usher in another wave of over 40 enterprises to Cambodia. This ambitious endeavour, slated for mid-August, signifies a momentous stride in further unlocking the investment potential within Cambodia’s burgeoning economy.

HE Chea Vuthy, reciprocating the optimism, expressed unequivocal confidence in the forthcoming delegation’s intentions to seize opportunities across pivotal sectors. Through direct investments, joint ventures, or partnerships with local entities, the delegation is poised to tap into Cambodia’s growth potential. This proactive approach is a testament to the shared vision of fortifying Cambodia-China relations, as underlined by the leaders of both nations.

This momentous initiative heralds a new chapter in Cambodia’s quest for economic prosperity, fuelled by strategic foreign partnerships and robust investments.

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