Phnom Penh:H.E. Chea Vuthy, Secretary-General of the Cambodian Investment Board (CIB) under the Council for the Development of Cambodia (CDC), held discussions with a delegation from Zhaoqing City, Guangdong Province, China, to explore potential business opportunities and enhance bilateral investment.
According to Agence Kampuchea Presse, the Chinese delegation, led by Mr. Liu Jingbo, a member of the Standing Committee of the CPC Zhaoqing Municipal Committee and Vice Mayor of Zhaoqing, included city officials and representatives from 23 private enterprises. The meeting aimed to strengthen economic ties and explore cooperation under the 'Diamond Hexagon' cooperation architecture and the Belt and Road Initiative (BRI).
H.E. Chea Vuthy highlighted the important role of China as Cambodia's largest source of foreign direct investment, particularly in sectors like tire manufacturing, electrical components, furniture production, and special economic zone development. He encouraged Chinese enterprises to invest in processing local agricultural products to add value and reduce reliance on imports.
Mr. Liu Jingbo expressed gratitude for the CDC's support and outlined Zhaoqing's competitive advantages in automotive manufacturing, electronics, and agro-processing. Representatives from Zhaoqing also praised Cambodia's efforts to improve its investment climate and discussed logistics and electricity supply issues.
Several Chinese enterprises showed interest in investing in Cambodia's furniture production, paint manufacturing, stainless steel, and building materials sectors. H.E. Chea Vuthy assured continued support from the CDC to facilitate and support investors throughout their investment lifecycle in Cambodia.