Synopsis: Cambodia’s attractive investment environment and strong government incentives have drawn growing interest from Chinese companies.
The Council for the Development of Cambodia (CDC) Friday encouraged Chinese companies to expand their investments into the manufacturing of raw materials and semi-finished goods in the Kingdom, as part of efforts to strengthen domestic value chains and enhance industrial resilience.
The proposal was made during a meeting on Friday between Chea Vuthy, Secretary-General of the Cambodian Investment Board (CIB), and Hua Xiaofeng, Vice President of Wuxi Guolian Group Co., Ltd., a state-owned conglomerate based in Jiangsu Province, China.
Chea Vuthy thanked the Wuxi Government for its continued support in encouraging companies to invest in Cambodia and highlighted the Royal Government’s commitment to diversifying markets for agricultural exports, particularly to China. He also underscored the importance of advancing the “Industrial and Technology Corridor” and the “Fish and Rice Corridor” to drive industrial and agro-processing growth.
He urged Chinese enterprises to explore opportunities in producing raw materials and semi-finished goods locally to help stabilise supply chains and support Cambodia’s goal of value-added production.
In response, Hua Xiaofeng expressed appreciation for CDC’s continued support and shared insights into Wuxi Guolian Group’s operations. Founded over a century ago, the group is active across finance, securities, manufacturing, and renewable energy, and has invested in infrastructure projects including airports and metro systems.
Hua reaffirmed the company’s interest in supporting the development of the Sihanoukville SEZ and contributing to the processing and export of Cambodian agricultural products to the Chinese market. He expressed hope that this engagement would pave the way for deeper cooperation between Wuxi investors and Cambodia.
Cambodia’s attractive investment environment and strong government incentives have drawn growing interest from Chinese companies, particularly those with full foreign ownership, Lor Vichet, Vice President of the Cambodia Chinese Commerce Association, told Khmer Times.
