Chinese Chamber of Commerce Opens Office in Phnom Penh

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Chinese Chamber of Commerce Opens Office in Phnom Penh

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Chinese Chamber of Commerce Opens Office in Phnom Penh
29/03/2022
The office fully opened on March 23, 2022, with China’s Ambassador to Cambodia, Wang Wen Tian and the Counsellor for Economy and Commerce in the Chinese Embassy in Cambodia, Wu Guo Quan present.

The new office is located on the 16th floor of Flatiron by Meridian and Meridian International Holding said that the “Chinese Chamber of Commerce in Cambodia is a self-funded, non-profit organisation established voluntarily by Chinese-funded companies and institutions engaged in legal economic and trade activities in Cambodia.

It was established under the guidance of the Economic and Commercial Office of the Chinese Embassy in Cambodia and approved by the relevant departments of the Royal Cambodian Government.”

Ambassador Wang said the Chinese Chamber of Commerce in Cambodia is the home of Chinese-funded enterprises in Cambodia.

A China Chamber of Commerce is also reported to have opened in Sihanoukville in 2019 inside the Sihanoukville Special Economic Zone (SSEZ).

According to Cambodia’s Commerce Minister, the trade volume between Cambodia and China reached nearly $11.2 billion in 2021.
https://www.b2b-cambodia.com/news/chine ... hnom-penh/
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DankSinatra
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Re: Chinese Chamber of Commerce Opens Office in Phnom Penh

Post by DankSinatra »

Nothing to see here folks, move on


'A China Chamber of Commerce is also reported to have opened in Sihanoukville in 2019 inside the Sihanoukville Special Economic Zone (SSEZ).'
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Re: Chinese Chamber of Commerce Opens Office in Phnom Penh

Post by Anchor Moy »

DankSinatra wrote: Sun Apr 17, 2022 5:18 pm Nothing to see here folks, move on


'A China Chamber of Commerce is also reported to have opened in Sihanoukville in 2019 inside the Sihanoukville Special Economic Zone (SSEZ).'
Yes. That's an interesting choice of words.
I mean, have they or haven't they opened an office in Sihanoukville ? State secret ? :chin:
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Re: Chinese Chamber of Commerce Opens Office in Phnom Penh

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New Sino-Cambodian business association launched
Hom Phanet | Publication date 25 May 2022 | 21:28 ICT
[excerpts]
A new business association representing Cambodian and Chinese businessmen has been established to drive more investment in small- and medium-sized enterprises enterprises (SME) as well as encourage start-ups to take advantage of free trade agreements (FTA).

The Cambodia Chinese Commerce Association (CCCA), inaugurated on May 25, is a branch of China Business Association in Asia, whose president is Ben Lee, founder of Urban Village, a mixed development project on HE Boulevard.

According to Lee, the setting up of CCCA is timely as it aims to attract local players and those from Singapore and Malaysia, as well as Hong Kong, Taiwan and mainland China to expand their business in the current economic climate, particularly in trade and the development of SMEs.

Cambodia was ASEAN’s biggest exporter to China from January to March this year – in the first quarter of the bilateral Cambodia-China FTA, according to trade officials at the Chinese embassy in Phnom Penh.

Official statistics from the Chinese embassy revealed that Sino-Cambodian trade volume reached $3.75 billion, up 39.2 per cent year-on-year, in the first quarter of this year.

In the same period, Chinese non-financial direct investment in Cambodia was $206 million, up 35.2 per cent year-on-year, while the Kingdom’s investment in China stood at $24.86 million, up 255 per cent year-on-year.
https://www.phnompenhpost.com/business/ ... n-launched
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Re: Chinese Chamber of Commerce Opens Office in Phnom Penh

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