Malaysian Investors Eye Opportunities in Cambodia's Manufacturing and Real Estate Sectors
Malaysian investors are showing growing interest in Cambodia's manufacturing and real estate industries, as trade between the two nations surged to $715 million in the first 10 months of 2024.
Expanding Investment Interests
On November 29, Chea Vuthy, secretary-general of the Cambodian Investment Board (CIB) at the Council for the Development of Cambodia (CDC), met with representatives from the Malaysian Chamber of Commerce in Cambodia (MBCC) and Hong Leong Manufacturing Group. Key areas of interest include motorcycle manufacturing, ceramics, semiconductor production, and real estate.
While urging a detailed market analysis for the motorcycle project, Vuthy encouraged the ceramics and semiconductor initiatives to leverage Cambodia's rapidly growing special economic zones (SEZs). These SEZs are already attracting high-value investments in tyres, electronic components, automotive parts, and furniture.
Strengthening Economic Ties
Bilateral trade between Cambodia and Malaysia grew 35.3% year-on-year from January to October 2024. Cambodian exports to Malaysia totaled $109.95 million, while imports reached $605.21 million. Malaysia ranks as Cambodia's 12th-largest trading partner, reflecting deepening regional collaboration through ASEAN and the tariff benefits of the Regional Comprehensive Economic Partnership (RCEP).
Economist Hong Vanak highlighted Malaysia's expanding footprint in Cambodia, driven by political stability, infrastructure development, and complementary trade capabilities. While Cambodia experiences a trade deficit, it benefits from significant remittances from its workers in Malaysia.
Innovating Cross-Border Finance
In February, the National Bank of Cambodia (NBC) and Malaysia's central bank signed an MoU to streamline cross-border payments. The system allows citizens to use local currencies for QR code payments, facilitating trade, tourism, and business activities.
A Bright Collaborative Future
With favorable investment policies, growing SEZ infrastructure, and cutting-edge financial innovations, Cambodia offers fertile ground for Malaysian investors. These developments mark a new chapter in economic collaboration, unlocking growth and opportunities in the region.
First, please LoginComment After ~