Chinese Delegation Considers Business in Cambodia

Written by DAP NEWS -- Thursday, 24 September 2009

(CAAI News Media)

Cambodian Minister of Economy and Finance Keat Chhon met with Wang Lijun, a Chinese General Bank Manager, and Chinese Ambassador to Cambodia Zhang Jinfeng to discuss the business environment in Cambodia and Chinese bank operations, an MEF official said on Wednesday.

In the meeting Wang Lijun told Keat Chhon that, on his visit to Cambodia, “we will find where we can run our businesses in future; we will plan the banking sector over the whole of Cambodia.”

“Chinese banks are large finance institutions all over the world,” he said “We are very interested in the developing Cambodia.”

Cambodian MEF Minister Keat Chhon told the Chinese delegation that “We welcome investment from Chinese banks to our country for cooperation between Cambodia and China in business, economics, trade, and other investments in Cambodia, especially, to develop finance sector to be boosted.” During the meeting, Keat Chhon added that the Cambodian finance and investment policy “gives a chance to all businessman and traders to run a business in Cambodia easily, except land assets, which the Cambodian Government does not allow under the law.”

He noted the good performance of the Cambodian economy over the last two-and-a-half decades and claimed that, despite the downturn, “the Cambodian business sector is still OK.”

The Cambodian Government has set rules to run businesses and improve the financial environment in Cambodia.

“The Cambodian Government focuses on majors issues such as infrastructure, business, and improving the agricultural sector.”

He added that vocational training was helping Cambodian jobless workers.