Indonesia Commits to Boost Investment in Cambodia as Trade Reaches USD 1 Billion

In a significant diplomatic engagement, His Excellency Santo Damosumato, the Ambassador of the Republic of Indonesia to the Kingdom of Cambodia, expressed his country’s commitment to attracting more investment to Cambodia. This announcement was made during a meeting with Mr. Kuoch Chamroeun, the Governor of Kandal Provincial Council, on March 6, 2025.

Ambassador Damosumato’s remarks come on the heels of a notable milestone, as trade between Cambodia and Indonesia has surpassed the impressive figure of USD 1 billion, marking a 15% increase in 2023. (Read more)

During the meeting, Governor Chamroeun emphasized the potential of Kandal Province, highlighting its strategic geographical location as adjacent to Phnom Penh, the nation’s economic heart. He outlined a vision for 2025, aiming for Kandal to evolve into a pivotal hub for security, public order, industry, logistics, food, and housing.

Taking advantage of the meeting, Governor Chamroeun urged the Indonesian Ambassador to play a crucial role in mobilizing investors to Kandal Province. He pointed out the province’s advantages, including its proximity to an international airport and key national roads that serve as vital arteries for trade and investment, promising lucrative opportunities for investors.

In response, Ambassador Damosumato assured the governor of his support in attracting Indonesian investors to Kandal. He also requested that local authorities extend necessary services to the Indonesian community residing in the province, fostering a welcoming environment for potential investors.

As Cambodia continues to strengthen its economic ties with Indonesia, the future looks bright for investment opportunities in Kandal Province, positioning it as a key player in the region’s economic development.

- Video Advertisement -

Related Post

Strengthening Economic Ties: Cambodia and India Boost Trade Relations

In a move to elevate bilateral trade relations, Cambodia and India have reported a significant increase in their trade volume, now exceeding $340 million. This announcement was made during separate discussions between Samdech Techo Hun Sen, the Acting Head of State of Cambodia, and H.E. Bawitlung Vanlalvawna, the Indian Ambassador to Cambodia, as well as […]

Cambodia-Thailand Trade Relations Soar to New Heights in 2024

In a significant boost to regional trade relations, the trade volume between Cambodia and Thailand reached an impressive USD 10 billion in 2024. This increase, marking a rise from USD 8 billion in the previous year, underscores the strengthening economic ties between the two neighboring countries. During a pivotal meeting on March 11, 2025, Samdech […]

Cambodia and Vietnam Set Ambitious Trade Target of USD 20 Billion

In a significant commitment to enhance economic collaboration, Cambodia and Vietnam have pledged to elevate their bilateral trade to USD 20 billion in the coming years. This agreement was reached during a meeting on February 26, 2025, between Samdech Khuon Sudary, President of the National Assembly of Cambodia, and H.E. Nguyen Minh Vu, the Ambassador […]

Cambodia’s Trade Volume Surges to Over USD28 Billion in 2024

In a significant boost to its economy, Cambodia has reported a trade volume exceeding USD 28 billion in 2024, marking an impressive 18% increase from the previous year. The latest import trade report from the General Department of Customs and Excise reveals a total import value of approximately USD 28.5 billion, reflecting robust growth in […]

Malaysia Strengthens Agricultural Ties with Cambodia Through Investment in Fresh Milk Production

In a significant step towards enhancing agricultural cooperation, Malaysia has announced plans to invest in fresh milk production in Cambodia. This development was unveiled during a key meeting between Cambodia’s Minister of Agriculture, Forestry and Fisheries, H.E. Dit Tina, and Malaysia’s Minister of Agriculture and Food Security, H.E. Datuk Seri Haji Mohamad bin Sabu. During […]

Cambodia and Japan Collaborate to Create War Relic Recycling Facility for Souvenirs

In a spirit of inspiration to transform war relics into symbols of hope, Cambodia has joined hands with Japan to establish a war relic recycling facility that will pioneer the crafting of unforgettable souvenirs. The initiative was launched by the Cambodian Mine Action Center (CMAC) and Japan On The Road on February 24, 2025. His […]