Two Chinese Firms to Invest in PPSEZ Despite COVID-19 Pandemic

Sample picture

Two new Chinese firms plan to build electronic manufacturing factories in the Phnom Penh Special Economic Zone (PPSEZ), despite the ongoing COVID-19 crisis.

According to a post on the Phnom Penh SEZ Facebook page in mid-August, the pandemic has affected various sectors and in particular the supply chain in manufacturing companies. Businesses in the PPEZ have also been affected. However, two large firms have recently decided to invest in the PPSEZ.

SEIKAWA (Cambodia) Technology Co., Ltd, a manufacturer of plastic parts for electrical and electronic devices, and WCFO (Cambodia) Co., Ltd., a manufacturer of fiber optic devices exporting to Japan and the United States both plan to establish factories in the PPSEZ.

“This company is also looking at Cambodia as a new production base due to the fact that the labour is young, trainable and affordable, and the preferential treatment to Cambodia from developed countries, especially in the situation of the ongoing US-China trade issue,” read the post.

According to the Phnom Penh Post, the PPSEZ received over US$1 billion in trade volume and exported over US$2 billion worth of goods last year.

- Video Advertisement -

Related Post

Cambodia and Australia Strengthen Ties with Investment and Trade Commitment

In a significant step towards enhancing bilateral relations, Cambodia and Australia have pledged to explore new strategies for expanding investment and trade cooperation. This commitment was solidified during a meeting held on May 19, 2025, between His Excellency Hun Manet, Prime Minister of Cambodia, and Ms. Frances Adamson, Premier of South Australia. The discussions highlighted […]

Cambodia and Laos Forge Stronger Agricultural Ties to Expand Mango Exports

In a significant move to enhance agricultural trade, Cambodia and Laos have reached an agreement to boost the export of Cambodian mango products to third countries via Laos’ high-speed rail system. This announcement was made during an official visit from April 30 to May 3, 2025, where H.E. Dith Tina, Cambodia’s Minister of Agriculture, met […]

AEON Breaks Ground on USD 46 Million Shopping Mall in Vietnam

  In a strategic move amidst the global economic downturn, Japanese retail giant AEON is strengthening its presence in Vietnam with the groundbreaking of a new shopping mall. On April 19, 2025, AEON Vietnam commenced construction on the AEON HAI DUONG shopping mall in Hai Duong province, located just north of Hanoi. The project has […]

Malaysia Bets on USD 250 Million Deal to Train 10K Semiconductor Specialists to Spark Homegrown Chip Design Revolution

Malaysia has sealed a landmark USD 250 million semiconductor partnership with UK-based Arm Holdings, granting the Southeast Asian nation access to Arm’s advanced intellectual property as it aims to shift from a manufacturing-based economy to a high-value design and innovation hub in the global chip supply chain. The agreement, formally signed on 5 March 2025 […]

Cambodia’s Steel Imports Surge in Early 2025

Cambodia’s steel imports significantly rose in the first quarter of 2025, with the nation importing iron and steel valued at USD217 million. This marks a remarkable 75% increase compared to USD124 million during the same period last year. According to a report released on 10 April by the General Department of Customs and Excise, iron […]

SchneiTec Dynamic Lists Green Bond Mobilising USD 50 million for Green Energy Development

SchneiTec Dynamic Co., Ltd has listed a green bond on the Cambodia Securities Exchange (CSX), mobilising USD 50 million for its green energy development project in Cambodia. The Official Green Bond Listing Ceremony was held on 11 April 2025, at the Cambodia Securities Exchange. During the ceremony, HE Sou Socheat, a Delegate of the Government […]