Businesses from Eastern China’s Fujian province are now in the kingdom in search of business opportunities, hoping to bolster trade in the garment, electronics and tourism industries.
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Cambodia is a major trade partner for the Chinese province of Fujian, with investment from this area of China going mainly to agriculture, tourism and the garment industry, Huang Deshi, deputy director of the Council of Commerce of Fujian province, said yesterday during the Cambodia-Fujian Business and Tourism Networking seminar.
The kingdom offers many opportunities for investors and has already attracted numerous Chinese businesses from Fujian, Mr Huang explained.
Trade between Cambodia and Fujian amounted to $250 million in 2016, with Fujian exports to Cambodia valued at $174 million.
During the first nine months of 2017, trade reached $180 million.
“I hope that the One Belt One Road initiative of China will further accelerate the development of our trade relation,” Mr Huang said.
Sok Chendasophea, secretary-general at the Council for the Development of Cambodia, urged investors and businessmen from Fujian province to consider investing in the tourism industry, particularly in view of the rising numbers of Chinese tourists to the kingdom.
“Please visit Siem Reap and Sihanoukville province and you will get a sense of our potential in tourism,” Mr Chendasophea asked event attendants.
Pung Kheav Se, chairman of the Khmer Chinese Association in Cambodia, said the event was an ideal forum for Chinese investors to explore the local market and meet new business partners.
“It will help to strengthen cooperation between Chinese and Cambodian businessmen,” Mr Kheav Se said.
By end of 2016, China’s contracted investment in Cambodia was $11.8 billion, accounting for 34.3 percent of Cambodia’s total foreign investment.