Following this successful rollout, Deputy Prime Minister H.E. Sun Chanthol met with BYD’s senior leadership on Friday to map out an aggressive expansion strategy that moves the nation away from import-reliance and toward a self-sustaining automotive ecosystem.

The high-level talks were spearheaded by Mr. Liu Xueliang, General Manager of BYD’s Asia-Pacific Auto Sales Division. The discussion focused on a two-pronged approach to capture the growing Cambodian market through increased production and physical presence.

With high domestic demand following the first local deliveries, BYD plans to significantly increase assembly volumes at its new plant. Furthermore, the automaker confirmed plans to launch a massive “Car Centre” in Phnom Penh, which is set to become the largest facility of its kind in the country.

Beyond personal transport, the delegation explored how BYD’s EV technology could be integrated into Cambodia’s public transport infrastructure to address broader socio-economic and environmental goals. This transition aligns with the Royal Government’s strategy to modernize the manufacturing base while simultaneously reducing national carbon emissions.

H.E. Sun Chanthol, acting as First Vice President of the Council for the Development of Cambodia (CDC), hailed the assembly plant as a “new source of pride” for the nation’s industrial sector.

He emphasized that the government is fully committed to streamlining regulations and providing the necessary support to ensure the partnership thrives. The Deputy Prime Minister cited the country’s political stability and pro-investment climate as the core pillars that will sustain this long-term collaboration.

The post BYD Shifts Gears in Cambodia: Local Assembly Hits the Road as Expansion Plans Accelerate first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The roundtable discussion and lunch, hosted by the Australian Trade and Investment Commission (Austrade), brought together key figures to strengthen economic ties between the two countries.

Peter Horn, Austrade’s General Manager of Investment, opened the meeting by acknowledging the strong bilateral relationship, which includes Australia’s historical role in Cambodia’s peace process through the United Nations Transitional Authority in Cambodia (UNTAC).

Following his thanks to Australia for its ongoing support in Cambodia’s socio-economic development, Deputy Prime Minister Sun Chanthol provided a comprehensive overview of the country’s current investment climate, highlighting the government’s long-term vision to promote peace and stability, develop infrastructure, improve the trade environment, and diversify the economy in pursuit of becoming a high-income nation by 2050.

The discussion also featured testimonials from Australian investors with firsthand experience in Cambodia. Stephen Higgins and Morgan Hart shared positive accounts of the country’s development and highlighted its favorable investment policies, noting that they found them to be more accommodating than those in other regional countries.

Following the presentations and a lively exchange of ideas, several Australian investors on the panel expressed significant interest in visiting Cambodia to explore potential investment opportunities in the near future.

On the same day, the Cambodian delegation also paid a visit to Rio Tinto’s research and development facility in Bundoora. During the visit, the Deputy Prime Minister, accompanied by Stuart Watson, the Head of Technical Strategy, learned about the company’s latest innovations in sustainable mining.

The tour showcased new technologies designed to improve operational efficiency, reduce environmental impact, and incorporate responsible business principles. Following the presentation, the Deputy Prime Minister extended an invitation for the company’s Chairman to visit Cambodia to explore the country’s investment opportunities and progress firsthand.

The post Cambodia Seeks Australian Investment in High-Level Meeting first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The achievement beyond the target was highlighted in a recent meeting to review the implementation of the roadmap chaired by Deputy Prime Minister and First Vice Chair of the Council for the Development of Cambodia (CDC) H.E. Sun Chanthol.

H.E. Sun Chanthol thanked all the players in the implementation of the Cambodia Automotive and Electronics Sectors Development Roadmap.

The development of the sector is transforming Cambodia into an international hub for the production of automotive components and electronic equipment for export, he added.

According to the review, the export of the automotive sector increased to approximately US$1.14 billion.

The post Cambodia Records Rise in Automotive Investment first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The delegation was led by Dr. Harley Seyedin, who serves as President of the First Washington Group, President of Allelon Energy Partners, and President of the American Chamber of Commerce in South China. Dr. Seyedin is also notably a recipient of both the Oslo Business for Peace Award and the Peace through Trade Medal, awarded by the Nobel Peace Prize Committee.

The meeting was initiated at the request of the American Chamber of Commerce in South China, which identified promising investment opportunities and potential within Cambodia’s key economic sectors.

During the discussion, Deputy Prime Minister Sun Chanthol extended a warm welcome to the delegation. He then provided an overview of the CDC’s mandate, focusing on its role in managing private investments and special economic zones. He also emphasized the CDC’s ongoing efforts to enhance Cambodia’s investment climate through the digitalization of public services.

The Deputy Prime Minister further highlighted Cambodia’s strengths, including its sustained peace and political stability, macroeconomic stability, and the government’s strong commitment to fostering private sector growth. He also pointed to the country’s robust infrastructure connectivity, young workforce, and investor-friendly investment laws as key advantages.

In response, Dr. Seyedin expressed his appreciation for the Royal Government of Cambodia’s dedication to maintaining and building investor confidence. He also conveyed his sincere gratitude to Deputy Prime Minister Sun Chanthol for the opportunity to meet and discuss potential investment opportunities in Cambodia.

The post High-Level Talks: CDC Hosts US Business Leaders from South China first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The USCC delegation was led by Chairwoman Ms. Reva Price and paid a courtesy call on H.E. Sun Chanthol to discuss bilateral cooperation and regional economic dynamics.

During the meeting, H.E. Sun Chanthol briefed the delegation on the CDC’s mission and strategic vision, outlining its role in facilitating investment and development in Cambodia. He emphasised the Kingdom’s favourable investment climate, detailing the CDC’s efforts to attract international investors and promote economic growth.

He also highlighted Cambodia’s proactive engagement with the United States in trade and investment matters, referencing two recent virtual meetings held with the United States Trade Representative (USTR) aimed at enhancing economic cooperation.

The USCC delegation shared insights into their agency’s mandate as an independent body reporting to the U.S. Congress on national security implications of trade and economic relations between the United States and the People’s Republic of China.

They commended Cambodia’s swift economic and social development.

A key issue raised during the discussion was the transshipment of goods and concerns about origin fraud in exports to the U.S. market.

In response, H.E. Sun Chanthol reaffirmed the Royal Government of Cambodia’s commitment to enforcing transparent and rigorous procedures to prevent such practices.

He cited the issuance of two major regulatory frameworks: the Inter-Ministerial Declaration on Measures for Preventing and Curbing Origin Fraud and the Ministry of Commerce’s Declaration on Procedures for Applying for and Issuing Certificates of Origin. These measures, he noted, underscore Cambodia’s determination to ensure compliance and strengthen trade integrity with the U.S.

The meeting reflected a strong and constructive partnership between Cambodia and the United States, grounded in mutual commitment to economic transparency and regional stability. AKP

The post CDC Showcases Investment Opportunities to U.S.-China Economic and Security Review Commission first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The groundbreaking ceremony was presided over by H.E. Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), representing Prime Minister Samdech Moha Borvor Thipadei Hun Manet, alongside H.E. Wang Wenbin, Chinese Ambassador to Cambodia.

In his remarks, H.E. Sun Chanthol emphasised the increasing number of investment projects and BYD’s presence in Cambodia, noting that they reflect investors’ confidence in the Royal Government of Cambodia. He encouraged BYD to further promote the relocation of their production chain factories to Cambodia.

H.E. Deputy Prime Minister also called on all investors to share their positive experiences regarding Cambodia’s investment environment within their business communities to help attract more investment, generate more jobs, and contribute to the country’s economic growth.

According to BYD, the first phase of construction involves an investment capital of US$32 million. The plant is expected to be fully constructed and operational by the fourth quarter of 2025. Once completed, the facility is anticipated to significantly boost the adoption of BYD vehicles across Cambodia.

The new plant will have the capacity to assemble over 10,000 vehicles annually. BYD Cambodia plans to produce two types of vehicles at the site: fully electric BYD EVs and hybrid models that can run on both gasoline and electricity.

The post BYD Cambodia Breaks Ground on EV Assembly Plant in Sihanoukville Special Economic Zone first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

H.E. Sun Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), welcomed the delegation on March 5th, providing a comprehensive overview of the nation’s burgeoning economic opportunities.

The delegation’s visit underscores the rising interest from Japanese businesses in Cambodia’s strategic potential. H.E. Sun Chanthol emphasized the Royal Government of Cambodia’s clear vision for economic diversification, aiming for high-income status by 2050.

He highlighted key factors contributing to Cambodia’s growing appeal, including its strategic location, political stability, abundant renewable energy sources, a dynamic young workforce, and robust government support for private sector investment. This support is manifested in preferential investment laws and a well-developed intermodal transport and logistics infrastructure.

The Deputy Prime Minister specifically guided the delegation towards priority investment sectors, including manufacturing, infrastructure, agriculture, green energy, education, special economic zones, SMEs, and services, showcasing the breadth of opportunities available.

The enthusiastic response from the Japanese delegation indicated a strong confidence in Cambodia’s progress. They expressed appreciation for the CDC’s efforts in facilitating and supporting investors, noting that the insights gained will significantly bolster future Japanese investments.

This growing interest is reflected in existing investment figures, with Japan having invested approximately US$2.9 billion across 149 projects in Cambodia. These investments span diverse sectors, including shopping malls, automobile assembly plants, and healthcare facilities, illustrating the deepening economic ties between the two nations.

The delegation’s positive reception and clear interest signal a continued upward trend in Japanese investment, solidifying Cambodia’s position as an increasingly attractive destination for Japanese businesses.

The post Cambodia’s Investment Appeal Grows for Japanese Businesses first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

Led by Oknha Ly Seng Kheang, Chairman of the Board of Directors, and Oknha Nang Sothy, East Group presented their application for the proposed SEZ, which would be located in Prey Nop District. The primary objective of the meeting was to solicit guidance from the Deputy Prime Minister and relevant experts to ensure the project’s compliance with Cambodian laws and regulations.

“East Group Group is committed to adhering to all legal standards in the development of this important project,” stated a representative from the CDC following the meeting. “The Deputy Prime Minister provided valuable insights to facilitate a smooth application process.”

The request for guidance emphasizes the importance of adherence to legal standards, and governmental oversight for SEZ development within Cambodia.

This initiative comes shortly after the official launch of the ISI Special Economic Zone in Sihanoukville on January 10th. That project, a significant 800-hectare development, represents a substantial investment in the region, with the initial 206-hectare phase involving US$50 million.

The recent launch of the ISI SEZ, and the current application from the East group, shows the continued growth of SEZ’s within Cambodia.

The Cambodian government has increasingly emphasized the role of SEZs in driving economic growth and attracting foreign investment. The CDC plays a crucial role in overseeing these developments, ensuring they align with the nation’s development goals.

The post East Group Seeks Approval for New Special Economic Zone in Preah Sihanoukville first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The address took place during the IBC’s monthly general meeting, chaired by President Paul Clements and attended by approximately 70 leaders from the CDC, government agencies, and the private sector.

In his opening remarks, Mr. Clements emphasized Cambodia’s progress and highlighted the IBC’s ongoing collaboration with the Royal Government through the Royal Government-Private Sector Forum.

The meeting also featured presentations on the composition of the IBC’s new private sector membership and the latest developments of the Road Safety Working Group, initiated by the Deputy Prime Minister.

The Deputy Prime Minister informed attendees about the successful mission of the CDC to the United States and Canada, led by him and involving representatives of relevant ministries, institutions, the American Chamber of Commerce in Cambodia, and the Cambodian Oknha Association.

The Deputy Prime Minister’s keynote address covered investment opportunities, the CDC’s efforts to facilitate investment, and updates on Cambodia’s infrastructure development plan.

A significant announcement was the launch of the trial version of the Cambodian Investment Project Management System (cdcIPM). This online platform enables investors to apply for Qualified Investment Project Registration (QIP) from anywhere.

The post DPM Outlines Cambodia’s Investment Landscape and Infrastructure Plans at IBC Meeting first appeared on Estatedia | Economy & Real Estate Media in Cambodia.

The remarks were made by H.E. SUN Chanthol, Deputy Prime Minister and First Vice President of the Council for the Development of Cambodia (CDC), while he was sharing his insights as a guest speaker for a discussion forum themed “Cambodia Economic Environment and Business Opportunity,” at the Pinnacle Entrepreneur Forum and the 2024 ASEAN Women Entrepreneurs’ Network (AWEN) Award, hosted by Cambodia at Sofitel Phnom Penh Phokeethra on Aug. 1.

H.E. SUN Chanthol further underlined Cambodia’s investment potential and favourable business environment such as peace, political and macroeconomic stability, young and dynamic labour forces ready for digital transformation, incentives from the Royal Government, flexible and favourable investment procedures, and intermodal infrastructure.

Besides, he told the participants who are women entrepreneurs from the 10 ASEAN member countries about the CDC’s vision and mission to promote the current investment environment and business opportunities in Cambodia to the world, aiming to attract investors to the Kingdom.

The discussion was also attended by H.E. HEM Vanndy, Minister of Industry, Science, Technology and Innovation, and representatives of the Ministry of Commerce and Ministry of Women’s Affairs.

The post DPM SUN Chanthol: It’s Necessary for Entrepreneurs to Adapt Themselves to Society’s Tuning Point first appeared on Estatedia | Economy & Real Estate Media in Cambodia.