Cambodia wants more Chinese investors

China-cambodia
Sino-Cambodian ties

Cambodian Prime Minister Hun Sen said on October 15 that the country wanted more Chinese investors to help boost local economy and deepen Sino-Cambodian ties.

The premier made the remarks during a meeting with Yin Yicui, chairwoman of the Standing Committee of Shanghai Municipal People’ s Congress, at the Peace Palace in Phnom Penh, Xinhua reported.

He asked Yin to encourage more investors from Shanghai to do businesses in Cambodia, particularly in tourism and agriculture. China is one of the top providers of development assistance to Cambodia. Loans and grants from China since 1992 have amounted to $2.85 billion, according to Cambodia’s Finance Ministry.

The country is also the largest investor in Cambodia. According to the figures of the Council for Development of Cambodia, from 1994 to 2012, total Chinese investment in Cambodia reached $9.17 billion. Two-way trade stood at $2.9 billion in 2012 and is expected to reach $5 billion by 2017.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

[caption id="attachment_16628" align="alignleft" width="300"] Sino-Cambodian ties[/caption] Cambodian Prime Minister Hun Sen said on October 15 that the country wanted more Chinese investors to help boost local economy and deepen Sino-Cambodian ties. The premier made the remarks during a meeting with Yin Yicui, chairwoman of the Standing Committee of Shanghai Municipal People' s Congress, at the Peace Palace in Phnom Penh, Xinhua reported. He asked Yin to encourage more investors from Shanghai to do businesses in Cambodia, particularly in tourism and agriculture. China is one of the top providers of development assistance to Cambodia. Loans and grants from China since 1992...

China-cambodia
Sino-Cambodian ties

Cambodian Prime Minister Hun Sen said on October 15 that the country wanted more Chinese investors to help boost local economy and deepen Sino-Cambodian ties.

The premier made the remarks during a meeting with Yin Yicui, chairwoman of the Standing Committee of Shanghai Municipal People’ s Congress, at the Peace Palace in Phnom Penh, Xinhua reported.

He asked Yin to encourage more investors from Shanghai to do businesses in Cambodia, particularly in tourism and agriculture. China is one of the top providers of development assistance to Cambodia. Loans and grants from China since 1992 have amounted to $2.85 billion, according to Cambodia’s Finance Ministry.

The country is also the largest investor in Cambodia. According to the figures of the Council for Development of Cambodia, from 1994 to 2012, total Chinese investment in Cambodia reached $9.17 billion. Two-way trade stood at $2.9 billion in 2012 and is expected to reach $5 billion by 2017.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply