More Yunnan firms to invest in Kingdom

Khy Sovuthy / Khmer Times No Comments Share:
Prak Sokhonn meets with Chen Hao. KT/Khem Sovannara

The Foreign Affairs Ministry yesterday said that more companies from China’s Yunnan province plan to invest in the Kingdom, following in the footsteps of 25 firms which have already invested more than $2 billion in various sectors.

Tuot Panha, a ministry undersecretary of state, said the commitment was made by Chen Hao, Communist Party Secretary of Yunnan province, who paid a courtesy call to Foreign Affairs Minister Prak Sokhonn at his office yesterday.

“So far 25 big companies from China’s Yunnan province have invested in Cambodia and Mr Chen said more firms from there plan to invest in Cambodia,” she said. “The 25 companies have brought in capital of nearly $2 billion, including Yunnan Investment Group which is constructing a new airport in Siem Reap province.”

Ms Panha said Mr Chen will visit Siem Reap province, which is a sister province with Yunnan, and discuss with provincial Governor Tea Seiha on the possibility of creating a Cambodia-China Friendship Park there.

“During his meeting with Mr Sokhonn, Mr Chen also said that he welcomes more Cambodian students to study in Yunnan and will provide scholarships for them,” she said.

Ms Panha noted that Yunnan province has previously sent volunteer doctors to provide free treatment to people in Siem Reap and neighbouring provinces.

Both Cambodia and China plan to expand bilateral cooperation in all sectors, especially business, transportation, and investment.

At the meeting, Mr Sokhonn and Mr Chen discussed strengthening bilateral cooperation in all sectors between Yunnan province and Cambodia.

After the meeting, Chea Kimtha, the ministry’s General Department of Asia-Pacific director-general, and Li Jiming, director-general of the Foreign Affairs office of the People’s Government of Yunnan Province, signed a Memorandum of Understanding to create a working group on cooperation between the Foreign Affairs Ministry and Yunnan’s Foreign Affairs office, Ms Panha said.

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