PHNOM PENH: On May 15th, 2024, Cambodia’s Secretary General of the Board of Cambodian Investment Board of the Council for Development of Cambodia (CDC), HE Chea Vuthy, welcomed a delegation from Zhejiang Construction Investment Group Co., Ltd. led by Chairman Mr. Tao Guanfeng. The CDC aimed to showcase Cambodia’s investment potential and explore new opportunities for Chinese firms.
Secretary General warmly received the delegation, acknowledging their long-term presence in Cambodia’s infrastructure sector. He emphasized the flourishing economic relations between China and Cambodia, particularly between Zhejiang Province and the Kingdom. He highlighted this growth as a reflection of strong ties between Chinese businesses and the Cambodian government, acting as a catalyst for increased Chinese investment.
HE Vuthy encouraged the delegation to consider expanding their investments beyond infrastructure. He suggested exploring raw material and semi-finished product production to reduce import reliance and tap into regional and global markets through partnerships with Zhejiang companies.
The delegation expressed gratitude for the meeting and acknowledged Cambodia’s progress, viewing it as a driver for diversifying and strengthening their investment portfolio in the country.