Going Abroad Hotspot丨2024 Guangxi Entrepreneurs Going Abroad to Cambodia Economic, Trade and Investment Exchange Conference concluded successfully!
China-Cambodia Investment and Trade Exchange Conference 2024-12-17 09:27:43   Page view:1860

On the afternoon of December 16, the "2024 Guangxi Entrepreneurs Going to Cambodia Economic, Trade and Investment Exchange Conference" was successfully held in Nanning, Guangxi.



This event is hosted by Guangxi Mingdian Investment Group Co., Ltd. and Cambodia Confederation of Investors Association, co-hosted by Nanning Beihai Chamber of Commerce, Nanning Jingxi Chamber of Commerce, and PDAEXSEA, co-organized by Qiaomengyuan ASEAN Office and Guangxi Industry Logistics Linkage Organization, and specially invited the Guangxi-ASEAN Economic and Technological Development Zone Management Committee, the Guangxi Regional Committee of the Zhi Gong Party Economic and Technological Grassroots Committee, and the Guangxi Chinese Studies Society to participate and strongly support.

Through this event, it aims to let more entrepreneurs understand the economic development of Cambodia and deepen China-Cambodia economic and trade cooperation; take this opportunity to build a long-term cooperation mechanism to help Guangxi enterprises go overseas to Cambodia.

This event will focus on the keywords of trade, investment, electricity, and energy, and in-depth exchanges on various issues in Cambodia's electricity and energy markets will promote close cooperation between enterprises of the two countries in this field.




At the beginning of the meeting, Mr. Chen Jun, Chairman of Guangxi Mingdian Investment Group Co., Ltd. and President of Nanning Beihai Chamber of Commerce, and Duke Li Kuntai, Advisor to the Prime Minister of Cambodia, Chairman of the Cambodian Investors Chamber of Commerce Alliance, and Chairman of the Aufa Group, delivered welcome speeches on behalf of both China and Cambodia.

Mr. Chen reviewed the friendly relations between China and Cambodia, elaborated on the investment areas and vision of Guangxi Mingdian Investment Group in Cambodia, and expressed his determination to contribute to the economic and trade cooperation between the two sides and create a new situation of mutual benefit and win-win.


Duke Li Kuntai emphasized the importance of economic and trade cooperation between Cambodia and China, and listed the investment advantages of Cambodia. It is hoped that today's exchange meeting will stimulate new cooperation opportunities and inject new vitality into the economic development of the two countries.



Then, the meeting entered the keynote speech session, where economic experts, industry elites and corporate representatives from China and Cambodia discussed and exchanged in depth on Cambodia's investment hotspots, policy interpretations, cooperation cases, etc., building a bridge for cooperation between the two companies and promoting the continued deepening of China-Cambodia economic and trade relations.


Introduction to Cambodia’s economy and investment environment


As a representative of entrepreneurs, Catherine Shi, Secretary General of Cambodia Confederation of Investors Association China and Executive President of PDAEXSEA, first conducted an in-depth analysis and introduction of Cambodia's economic development trends, China-Cambodia economic and trade cooperation, and investment prospects of Chinese companies in Cambodia.

Mr. Shi said that Cambodia's economic development has been strong in recent years. The Cambodian government is committed to promoting bilateral trade and investment between China and Cambodia. The government has not only introduced a series of preferential policies, but also increased investment in infrastructure, providing a strong guarantee for economic development.




In addition, the Cambodian government has also formulated the latest strategic plan-the Five-Corner Strategy. This is of great significance to enhancing the competitiveness of Cambodia's manufacturing industry, promoting agricultural modernization and developing the digital economy. Under the Five-Corner Strategy, the Cambodian government also plans to strengthen economic and trade cooperation with neighboring countries and jointly create regional economic integration. These strategic plans provide more opportunities and choices for Chinese companies to invest in Cambodia.

Regarding the investment prospects of Chinese companies in Cambodia, Mr. Shi expressed confidence and opportunities. With the continuous development of Cambodia's economy and the continuous optimization of the investment environment, there is broad space for Chinese companies to invest in Cambodia.


Current Status and Development of Mineral Energy in Cambodia


As the official representative of Cambodia, His Excellency Xie Nalin, Deputy Director of the General Department of Energy of the Ministry of Mines and Energy of Cambodia, said that Cambodia is committed to achieving net zero greenhouse gas emissions by 2050. Last year, renewable energy accounted for more than 57% of electricity supply, and the goal is to reach 70% by 2030.


In addition, the Ministry of Mines and Energy is confident in promoting the development of the power industry and has proposed seven policy measures, including developing energy supply, improving services, stabilizing electricity prices, implementing energy efficiency policies, strengthening international energy cooperation, attracting investment and promoting electricity trade, to ensure sufficient, reliable and reasonably priced electricity and promote the carbon neutral transformation by 2050.

For cooperation with Chinese companies, they are full of expectations. Cambodia hopes to leverage the technology, experience and financial advantages of Chinese companies in the energy field to provide strong support for Cambodia's energy industry upgrades and economic and social progress, and jointly open a new chapter in China-Cambodia energy cooperation.


Guarantee for implementation in Cambodia


Under the topic of enterprises going overseas, PDAEXSEA Business President Yu Haihua focused on introducing the key issues and solutions for Chinese enterprises going overseas to Cambodia.

Mr. Yu said that although there are many opportunities for Chinese enterprises to go overseas to Cambodia, they also face many challenges. These challenges include but are not limited to the complexity of policies and regulations, the strictness of environmental protection requirements, the unfamiliarity of the market environment, and the difficulty of cross-cultural management. He emphasized that in order to succeed in the Cambodian market, Chinese enterprises must have a full understanding and preparation for these challenges.



In response to these issues, Mr. Yu introduced in detail that the Panda Overseas Cross-border Enterprise Service Platform can provide effective solutions for overseas enterprises. The Panda Overseas Cross-border Enterprise Service Platform has rich market research resources and experience, and can provide enterprises with accurate market analysis and positioning, helping enterprises to formulate scientific and reasonable market entry strategies.

In addition, Panda Overseas Cross-border Enterprise Service also provides one-stop services such as cross-border enterprise services, financial and tax services, foreign trade integration and overseas promotion, helping enterprises quickly adapt to and integrate into the Cambodian market.。


Share of Cambodia’s overseas experience


Subsequently, Dr. Li Junji, rotating chairman of the Cambodian Investors Chamber of Commerce Alliance, founder and chairman of [Capital·National Finance] Development Project and Factory Phnom Penh Creative Community, shared the experience of companies going overseas in Cambodia.

He said that Cambodia's rapid economic growth has provided broad development space for Chinese-funded enterprises. As an early Chinese-funded enterprise that entered Cambodia, Jinkeng Group has been involved in the industry for 25 years and has witnessed the continuous optimization of Cambodia’s investment environment. Dr. Li emphasized that although there are many investment opportunities in Cambodia, companies still need to do market research and risk assessment.



Finally, Dr. Li encouraged more Chinese companies to go to Cambodia and share the dividends of Cambodia's economic development. He said that he believed that with the support and promotion of the Chinese and Cambodian governments, the economic and trade cooperation between the two countries will usher in a brighter future.


How can foreigners invest in Cambodia with peace of mind


On this topic, Mr. Lin Jiahui, General Manager of China-Cambodia Joint Investment Trust (Cambodia) Co., Ltd., focused on sharing a topic that entrepreneurs at the meeting were most concerned about - "How foreigners can invest in Cambodia with peace of mind".

Taking real estate as an example, Mr. Lin elaborated in detail on the ways foreigners hold real estate in Cambodia and the problems they may encounter.



For example, foreigners cannot directly own land and can only purchase permanent property rights of buildings or apartments, which limits investment options to a certain extent; at the same time, complex legal procedures and tax registration requirements also increase investment uncertainty and costs.

As a professional institution, China-Cambodia Joint Investment Trust not only has rich investment experience and expertise, but also can provide flexible and diverse investment strategies and risk management solutions according to market changes and investor needs.




At the end of the topic, Ms. Catherine Shi, Secretary General of China Region of Cambodia Confederation of Investors Association & Executive President of PDAEXSEA, Rotating Chairman of Cambodia Confederation of Investors Association & [Capital·Guojin] Development Project and Factory Phnom Penh Creative Community-Founder and Chairman Li Junji His Excellency Xie Nalin, Ph.D., Deputy Director of the General Administration of Energy of the Ministry of Mines and Energy of Cambodia, Duke Li Kuntai, Advisor to the Prime Minister of Cambodia & Chairman of Cambodia Confederation of Investors Association & Chairman of Austro-French Group, Chairman of Guangxi Mingdian Investment Group Co., Ltd. & Chen Jun, Chairman of Nanning Beihai Chamber of Commerce Mr. Lu Youzhi, General Manager of Guangxi Mingdian Investment Group Co., Ltd. and Mr. Lu Youzhi, President of Nanning Jingxi Chamber of Commerce (listed in no particular order, from left to right in order of seating), organized a micro-forum for enterprises going overseas in Cambodia, and held discussions with on-site entrepreneurs. Friendly interactive exchanges, and detailed, professional and highly targeted answers to the specific problems that companies will encounter when going overseas to Cambodia, clearing away the confusion and pointing the way for entrepreneurs.




With the successful conclusion of the micro-forum, the 2024 Guangxi Entrepreneurs Going to Cambodia Economic and Trade and Investment Exchange Conference also came to a perfect end.




The successful holding of this exchange meeting has undoubtedly injected new vitality and impetus into the economic and trade cooperation between China and Cambodia, laid a solid foundation for the two countries' enterprises to work together and create brilliance, and also painted a grand blueprint full of hope and opportunities for Guangxi entrepreneurs to go to Cambodia, and wrote a strong and colorful stroke for the continuous deepening and long-term development of China-Cambodia friendly and cooperative relations, becoming a dazzling milestone in the new journey of China-Cambodia economic and trade cooperation.