Mr. Mo’s visit also aimed to explore investment opportunities in Cambodia and build connections between Cambodian and Canadian businesses. Prime Minister Hun Manet welcomed this initiative and emphasized the role of the Montreal Chamber’s representative office in fostering trade and investment ties between the two countries.

The Prime Minister noted the growing network of Cambodian Chamber of Commerce offices established abroad. These offices serve as bridges, facilitating trade, investment, and people-to-people connections between Cambodia and other nations. He expressed his hope that the Montreal office would continue to play a key role in promoting Cambodia’s trade, tourism, and investment potential in Canada.

Prime Minister Hun Manet also outlined two key tasks for the Montreal office: promoting Cambodia’s trade, tourism, and investment opportunities, and supporting the Cambodian government’s efforts to increase trade with Canada, including facilitating negotiations and exports.

This meeting comes as Cambodia seeks to strengthen its economic ties with Canada, a significant trade partner. With bilateral trade exceeding $1.5 billion in 2023, Canadian businesses are encouraged to explore the investment opportunities Cambodia offers, particularly its access to various markets like ASEAN, China, Japan, and more.

Additionally, as reported earlier, President of the Cambodian Chamber of Commerce (CCC) Duke Kith Meng, during his recent meeting with Mr. Mo Kevin, President of the CCC Representative Office in Montreal, encouraged Canadian businesses to explore investment opportunities in Cambodia. He highlighted the country’s access to a wide range of markets.

Cambodia secured the opportunity to host the Francophonie summit in 2026. The country will welcoming leaders, delegates, and participants from across the Francophonie community, celebrating the diverse tapestry of cultures, languages, and traditions that unite these nations.

The post Cambodia Gears Up for Francophone Summit, Eyes Boost in Investment and Tourism first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

Duke Kith Meng warmly welcomed the delegation and emphasized the shared responsibility of all Cambodians, both domestically and abroad, to contribute to the nation’s economic growth, particularly through trade and investment promotion.

He provided a brief history of Cambodia’s journey from civil war and internal strife to national reconciliation and a win-win political approach, which has resulted in lasting peace and development. He also acknowledged Canada’s valuable role in the peace process, including the Paris Agreement, and its ongoing support for Cambodia’s social and economic development.

As one of Cambodia’s key trade and investment partners, with bilateral trade exceeding $1.5 billion in 2023, President Meng encouraged Canadian businesses to explore investment opportunities in Cambodia. He highlighted the country’s access to a wide range of markets, including Canada, ASEAN, China, Japan, Korea, and the United Arab Emirates.

The post Duke Kith Meng Meets with Canadian Business Leaders first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

This meeting built upon the strong foundation established by the Memorandum of Understanding signed between the Cambodian Chamber of Commerce and the All-China Federation of Industry and Commerce on May 30, 2018. The discussion aimed to further strengthen ties between the two organizations and promote trade and investment between China and Cambodia.

Both parties emphasized achieving common prosperity through continued collaboration in key areas. This follows the recent elevation of the Cambodia-China relationship to a comprehensive strategic partnership in 2010.

President Meng highlighted Cambodia’s attractive investment environment, including high economic growth, political stability, a young workforce, competitive costs, and a strategic geographic location within ASEAN. He encouraged Chinese investors to explore these opportunities, emphasizing Cambodia’s position as a prime investment destination.

Supporting this outlook, the ASEAN+3 Macroeconomic Research Office (AMRO) recently released a positive economic forecast for Cambodia. The report predicts a 5.6% growth in 2024, exceeding 2023’s 5% growth. This positive trend is driven by factors like garment and non-garment exports, alongside a reviving tourism sector.

The post Cambodian Chamber of Commerce and All-China Federation of Industry and Commerce Discuss Trade and Investment first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

During a courtesy call with Cambodian Prime Minister Hun Manet and Duke Kith Meng, President of the Cambodian Chamber of Commerce and ASEAN Business Advisory Council, APF President Geoffroy Roux De Bezieux highlighted the potential for French companies to tap into Cambodia’s growing markets.

Mr. Roux De Bezieux emphasized the current climate as particularly favorable for French investment, citing Cambodia’s macroeconomic stability, political security, and peaceful environment. He further underscored the nation’s commitment to integrating into regional and global supply chains, making it an attractive hub for international businesses.

The APF’s commitment extends beyond mere interest. The organization pledged to actively disseminate information and promote Cambodia’s investment potential to its vast network of French companies. This initiative aligns perfectly with Cambodia’s upcoming hosting of the prestigious 2026 Francophonie Summit, presenting a prime opportunity to showcase the country’s attractiveness to global investors.

Prime Minister Hun Manet warmly welcomed the APF’s engagement, applauding French companies for recognizing the potential of Cambodia’s investment landscape. He emphasized the nation’s ideal environment for investment, particularly in sectors like new technologies, renewable energy, digital infrastructure, and agriculture. He further assured the APF of the Royal Government’s ongoing commitment to fostering a supportive and solutions-oriented approach to attract and maintain successful investments.

This meeting marks a significant step forward in Cambodia’s quest to attract foreign investment and establish itself as a key player in the Asian market. With the backing of the influential APF and the Cambodian government’s unwavering support, the future looks bright for French businesses seeking lucrative opportunities in the heart of Southeast Asia.

The post French business alliance eyes Cambodian investment opportunities first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The meeting was led by Duke Kith Meng, President of the CCC and Chairman of the ASEAN-Cambodia Business Advisory Council, and also included key stakeholders and company representatives.

The primary objective of the meeting was to attract Dubai Chamber members to explore business and investment possibilities in Cambodia. The Cambodian delegation shared valuable insights into the country’s business environment, investment landscape, and key sectors for collaboration.

President Duke Meng proposed several initiatives to foster stronger ties and facilitate business exchange between the two chambers:

• Signing a Memorandum of Understanding (MoU): This formal agreement would solidify the commitment to collaborate on promoting trade and investment between Cambodia and Dubai.
• Visit Organized by Dubai Chamber: A visit to Cambodia by Dubai Chamber members would allow them to firsthand experience the investment potential and opportunities available in the country.
• Continued Cooperation: Both chambers would collaborate on joint initiatives and programs to support businesses and investors based on mutually identified priority areas.
• Special Exemptions: The CCC requested special exemptions for Dubai Chamber members conducting business activities and investments in Cambodia, aiming to streamline procedures and encourage investment.
• Enhanced Flight Connectivity: The meeting emphasized the need for improved direct flight connections between Cambodia and Dubai, facilitating easier travel and business exchanges.
• Invitation to ASEAN Meeting: President Duke Meng, on behalf of the CCC and the ASEAN-Cambodia Business Advisory Council, extended an invitation to the Dubai Chamber leadership and members to participate in the upcoming ASEAN Meeting, scheduled for next year.

The Dubai Chamber delegation expressed positive interest in the proposed initiatives and reaffirmed their commitment to maintaining strong relations with the CCC. The meeting concluded on a positive note, with both parties committed to collaborating for mutual economic benefit.

The post Cambodian and Dubai Chambers of Commerce meet to explore investment opportunities first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

He also attended the signing ceremony of three projects organized by the Chinese Investors Association in Cambodia, chaired by Lok Chumteav Cham Nimmol, Minister of Commerce.

The three projects are:

1. A Memorandum of Understanding on Cooperation on Tourism and Other Sector Development Projects in the Sustainable Use Area of ​​Preah Suramarit-Kosomak “Kirirom” National Park in Kampong Speu and Sihanoukville Provinces.
2. A Memorandum of Understanding on Investment Cooperation in Hospitality Education to Select High School Students in Cambodia to Study in China.
3. A Memorandum of Understanding on Investment Cooperation on Special Economic Zone Development Project in Ta Nei Village, Ta Nei Commune, Prey Nob District, Preah Sihanouk Province.

Prime Minister Hun Manet expressed confidence that tourism will rebound in Cambodia in 2023. He recently pointed to the fact that Cambodia had already received 3.5 million international tourists in the first eight months of the year, an increase of 50.8% compared to the same period in 2022.

The three projects signed between Cambodia and China are expected to boost tourism development in the country and create jobs for Cambodians.

The post Cambodia and China signed three tourism development projects first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

According to the announcement from the Cambodian Chamber of Commerce (CCC), during the 43rd ASEAN Summit and Related Summits in the Republic of Indonesia, Duke Kith Meng, CCC President and Chairman of the ASEAN Business Advisory Council for Cambodia, to sign a Memorandum of Understanding (MOU) for the Cambodia-Philippines Agricultural and SME Development Partnership with Mr. Jose Ma. A Concepcion III, Chairman of the ASEAN Business Advisory Council for the Philippines.

The MOU will be signed during the summit in the presence of Hun Manet, Prime Minister of the Kingdom of Cambodia, and H.E. Ferdinand “Bongbong” Romualdez Marcos Jr., President of the Philippines.

The MOU promotes cooperation between Cambodia and the Philippines in agriculture, small and medium enterprises (SMEs), and rural development. The two countries will work together to exchange information and expertise, develop joint projects, and attract investment.

The signing of the MOU is a significant milestone in the relations between Cambodia and the Philippines. It reflects the strong commitment of the two countries to work together to promote economic development and improve the lives of their people.

Cambodia’s trade with the Philippines rebounded by nearly 28% in 2022, following a brief decline due to the COVID-19 pandemic.

This was according to Philippine Ambassador to Cambodia Maria Amelita C. Aquino, who also noted that the Philippine private sector is already active in Cambodia, particularly in the pharmaceuticals and agro-products manufacturing sectors. There are an estimated 5,000 to 7,000 Filipinos living in Cambodia at present.

The post Cambodia and Philippines sign MOU to boost agricultural and SME development during ASEAN summit first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The meeting was chaired by His Excellency Dr. Tan Monivann, Vice President of the CCC, on behalf of Duke Kith Meng, President of the CCC.

The meeting was also attended by members of the National Advisory Group from the Ministry of Commerce, led by Subhadeep Chowdhury, Director of Profiten Cambodia, and other representatives from the Association of Banks in Cambodia​ (ABC), Cambodia Logistics Association, the Cambodia Digital Technology Association (CDTA), IEBuy Trading Company, SBI Bank, and more.

The purpose of the meeting was to review the progress of the implementation of the e-commerce law in Cambodia and discuss strategies for how to improve the law and provide strategic guidance to the National Advisory Group in its implementation.

During the meeting, members provided input and recommendations on the challenges, past and present, in the application of the e-commerce law in Cambodia.

The meeting was productive and resulted in a number of valuable insights and recommendations that will be used to inform the future of e-commerce in Cambodia.

The post CCC convenes meeting to discuss E-commerce strategy first appeared on Estatedia | Economy & Real Estate Media in Cambodia.