Chinese company to invest in plant

Sum Manet / Khmer Times No Comments Share:
Guangbo Building, Directorate General of Budget, Accounting and Statistics, Executive Yuan. Address: No. 2, Guangzhou Street, Zhongzheng District, Taipei City. wikimedia/Chongkian

Chinese firm GuangBo Group plans to build an educational accessories factory in the Kingdom, an investment that has already gained the support of the Cambodian Minister of Commerce.

At a meeting on Tuesday with GuangBo Group chairman Wang Liping, Pan Sorasak, the Minister of Commerce, expressed support for GuangBo’s investment plans and said the Kingdom’s investor-friendly policy is the reason Chinese firms continue to show interest in Cambodia.

“Cambodia has 19 special economic zones providing investors a 9-year exemption on operating income tax, 100-percent ownership management, and export opportunities to markets in the Asean region, the United States and the European community under preferential trade status,” he said.

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The minister also said the government is working to improve the investment climate by cutting red tape, building infrastructure, developing the nation’s workforce, and creating investor-friendly regulation.

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