Hungary Pledges Support to Boost Foreign Investment in Cambodia

Hungary has vowed to expand its cooperation with Cambodia by actively encouraging foreign investors to explore and pursue business opportunities within the kingdom, aiming to strengthen trade and economic ties. The commitment was expressed by HE Tibor Baloghd, the Hungarian Ambassador to Cambodia, during a meeting with Samdech PM Hun Manet on 23 October 2024.

During the meeting, Ambassador Tibor Baloghd emphasized Hungary’s dedication to promoting investment in Cambodia, noting that such efforts would significantly enhance bilateral trade and business collaboration. He underscored the importance of fostering investor interest to tap into Cambodia’s growing economic landscape.

In response, PM Hun Manet commended the close ties and longstanding cooperation between the two nations, highlighting the establishment of a bilateral consultation mechanism between their foreign ministers to further reinforce diplomatic relations.

The discussions also reaffirmed the mutual commitment to continue advancing partnerships across various sectors, including trade and investment, health, education, tourism, culture, water resources, and irrigation. This pledge marks a step forward in deepening Hungary and Cambodia’s collaboration, aiming to create a more dynamic and integrated economic future for both countries.

- Video Advertisement -

Related Post

Chinese Investors Eye Expansion in Cambodia: 19 Companies Explore Opportunities

In a significant development for Cambodia’s investment landscape, a delegation comprising representatives from 19 Chinese companies convened with officials from the Council for the Development of Cambodia (CDC) to discuss potential investment opportunities. The meeting took place on March 11, 2025, and was led by Mr. Liu Yong, President of the Young Investors Association in […]

EU Delegation Explores Investment Opportunities in Sihanoukville

A European Union delegation comprising representatives from 12 member states met with local authorities in Sihanoukville to explore potential investment avenues in the region as it seeks to enhance economic ties and contribute to key sectors. The meeting featured HE Long Dimanche, Deputy Governor of Sihanoukville Province, who welcomed the delegation led by Mr. Andreas […]

Cambodia, Japan, and UNDP Join Forces to Eliminate Plastic Waste for a Greener Future in Cities

In a spirit of environmental sustainability, the Government of Cambodia has formed a powerful partnership with Japan and the United Nations Development Programme (UNDP) to combat the urgent problem of plastic waste in urban areas, which is rapidly growing each year. This collaboration, officially titled “Strengthening Capacity to Handle Plastic Waste in Cities,” was signed […]

Japan Invests Over USD 240K in Cambodia’s Clean Water Initiative

In a significant step towards enhancing access to clean water in Cambodia, the Japanese government has allocated over USD 240,000 for the development of a water supply system in the Kampong Khleang commune, located in Siem Reap province. This funding is part of the Kusanagi Grant Agreement, aimed at supporting Small-Scale Human Security Projects. The […]

Chinese Investors Propose Agro-Industrial Park to Boost Cambodia’s Agricultural Sector

In an exciting development for Cambodia’s agricultural sector, a group of 50 Chinese investors has unveiled plans to establish a cutting-edge agro-industrial park dedicated to processing the nation’s bountiful agricultural products. This ambitious proposal, aimed at transforming Cambodia into a key player in the agricultural trade arena, was revealed during a high-level meeting on March […]

40 Japanese Companies Explore Investment Opportunities in Cambodia’s Transportation Sector

In a significant initiative to strengthen the relationship between Japan and Cambodia, a Japanese business delegation, comprising 40 companies, met with key Cambodian leaders, including His Excellency Sun Chanthol, Deputy Prime Minister and First Vice Chairman of the Council for the Development of Cambodia (CDC), as well as representatives from the Ministry of Public Works […]