On the morning of 16 October, over 80 entrepreneurs and investors from Wuxi, China, and Preah Sihanouk province, Cambodia, gathered at Novotel Sihanoukville Holiday Resort for a Wuxi–Preah Sihanouk economic and trade cooperation matchmaking meeting. They explored investment opportunities in industry, trade, tourism, real estate and logistics.
The meeting was jointly chaired by Preah Sihanouk governor Mang Sineth, Wuxi Party Secretary Du Xiaogang from Jiangsu province, China, and Sihanoukville Special Economic Zone chairman Chen Jiangang. It aimed to deepen economic and trade ties and attract more high-quality businesses to the province.
Mang Sineth said the provincial administration was fully prepared to provide one-stop coordination services, ensuring lawful investment, transparent procedures and efficient approvals. He said growing Cambodia–China economic ties could soon bring the special economic zone its 300th investor enterprise.
He urged zone managers and the provincial administration to coordinate policy guidance, administrative procedures and project follow-up for new businesses and speed approvals.
The governor highlighted the special investment incentive programme for Preah Sihanouk launched by Prime Minister Hun Manet in 2024, listing benefits including:
1. Three-year exemptions or reductions in corporate income tax, minimum tax and related taxes;
2. Import-duty exemptions for production and construction equipment and raw materials;
3. Reduced or waived public-service fees and simpler procedures, including fast approvals for construction permits, business licences and related authorisations.
The zone is seen as a bridgehead and model for Cambodia–China economic and trade cooperation. It provides a platform for cooperation in the economy, society, industry, trade, tourism, education and health and strengthens links between the two countries’ local governments.
Compiled by this station
