Chinese investors urged to explore Cambodia’s agricultural sector

Feb 18th at 08:00
18-02-2025 08:00:47+07:00

Chinese investors urged to explore Cambodia’s agricultural sector

The Council for the Development of Cambodia (CDC) yesterday encouraged Chinese investors to explore opportunities in establishing a production chain within the agricultural sector, particularly in cashew processing as this initiative is led by Prime Minister Hun Manet.

 

The suggestion was made by Chea Vuthy, Secretary General of the Cambodian Investment Board of the CDC to a delegation of 18 Chinese companies from Ningbo, Zhejiang province, People’s Republic of China, led by Lu Zhiqiong, General Manager of the Bank of Ningbo on Monday at CDC.

According to the CDC statement, the Chinese companies consist of businesses with interests across various sectors including rubber processing, medical equipment manufacturing, smart home appliances, clothing, banking, and more.

During the meeting, Vuthy appreciated the delegation for spending valuable time on a study tour and investment in Cambodia.

He also emphasised the potential in sectors in such as industry, manufacturing, product processing, the establish the special economic zones, as well as agriculture and agro-industry.

“Cambodia is rich in strategic crops including rice, cassava and cashew nuts, which present opportunities for investment in local processing to add value,” he said.

Vuthy also encouraged investors to consider establishing a production chain in the agricultural sector, particularly in cashew processing, as part of an initiative led by Prime Minister Hun Manet.

He apprised the Chinese delegation on the investment climate in Cambodia, the laws and regulations related to investment that are open, transparent and various incentives.

On her part, Lu Zhiqiong expressed her gratitude to Vuthy for taking the time out of his busy schedule to meet with the delegation and for providing a detailed briefing on the investment climate in Cambodia.

She hoped that this meeting would make companies more interested in considering investing in Cambodia.

According to the Cambodian Investment Board (CIB) release, China’s investments continue to surpass any other partner country.

It added that Chinese substantial investment accounts for roughly 73.35 percent or an equivalent of $548.65 million compared to Cambodia’s overall investment capital of $748 million in the first month of 2025.

China is among the top investment sources, accounting for 73.35 percent, followed by Vietnam at 5.52 percent, the statement added.

khmertimeskh



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