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PM To Preside over the Opening of Cambodia-China Business and Investment Forum Tomorrow

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by November 30, 2016 General

PM To Preside over the Opening of Cambodia-China Business and Investment Forum Tomorrow

AKP Phnom Penh, November 30, 2016 –

Samdech Akka Moha Sena Padei Techo Hun Sen, Prime Minister of the Kingdom of Cambodia, will preside over the opening ceremony of Cambodia-China Business and Investment Forum and Financial Development Forum at Garden City Hotel in Phnom Penh tomorrow.

Jointly organised by China Minsheng Investment Group (CMIG) and Cambodia’s Ly Yong Phat Group, the event will attract leading businessmen and government officials from Cambodia and China.

Industrial and financial cooperation between both countries will be among the key topics.

China is the biggest investor in Cambodia. The country invests some US$8,400 million, equal to 44 percent of the total foreign investment capital in the Kingdom, followed by South Korea, Thailand, Singapore, and Japan.

Chinese investment is found particularly in hydropower infrastructure construction, tourism, financial sector, and textile sector.

Last year, the Cambodia-China bilateral trade reached US$4.4 billion, and it is expected to rise to US$5 billion in 2017.

By So Sophavy

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