Cambodia Investment Review
The Cambodian business community is re-engaging with the critically important post-COVID Chinese market demonstrated by the successful conclusion of the 8th Cambodia Chinese Business Networking Event. Held at the Oakwood Premier in Phnom Penh on the 16th June, this networking platform, co-hosted by 58cam.com and the Frogsell App, became a vibrant assembly of over 350 attendees hailing from an array of global destinations and industries.
The list of participants extended beyond Cambodia and included representation from Mainland China, Taiwan, Hong Kong, Malaysia, Singapore, Europe, and the United States. The participants encompassed various sectors, including but not limited to medical care, internet, communications, real estate, jewelry, finance, banking, insurance, medical beauty, retail, hotel, trade, and logistics.
Reflecting its aim to provide a productive ground for networking and sharing information, the event was themed “Networking, Sharing Information, Creating Business Opportunities Together!”. The event aimed to build a robust communication platform for Chinese businesses operating in Cambodia and explore diversified business cooperation opportunities while expanding Chinese business and investment links in the country.
Make industry-wide connections and obtain invaluable information
A spokesperson from 58cam.com shed light on the significance of the event, “This business networking event is the first we’ve held in 2023, with over 350 participants. The enthusiasm on the scene illustrates that everyone is actively seeking more business opportunities. We hope that through our platform, attendees can make industry-wide connections and obtain invaluable information.”
The spokesperson added, “This event is a testament to the gradual recovery of Cambodia’s economy. We believe that such business networking events serve as an important carrier of economic information in Cambodia. It enables Chinese business groups to understand and communicate better with each other, infusing a steady stream of momentum into the Chinese business community.”
The event received praise from participants, including Sisuo Tian, the General Manager of Sliver Gold Gulf in Sihanouk. Attending the event for the first time, Mr. Tian lauded the networking event as a crucial platform for international business personnel. “Networking is critical when working overseas,” he remarked. “The more connections you make, the more information you receive, helping avoid potential pitfalls.”
The event was sponsored by several companies, including the yonyou App, which expressed their strong belief in the event’s role in fostering business growth. They appreciated the boldness of Chinese entrepreneurs in expanding their operations in the Cambodian market, particularly against the backdrop of the Belt and Road initiative.
Cam58’s networking events have amassed over 6,000 participants
Throughout the years, 58cam.com’s various themed networking events have amassed over 6,000 participants. They’ve attracted numerous sponsors and partners who share the same vision of connecting businesses and fostering growth. The 8th edition was sponsored by prominent organizations like Frogsell App, yonyou App, OCIC, Ding Ding Mall, DragonLand, Canadia Bank, and Angkor Steel, alongside support from partners such as Acco Technology, Huawei Mobile, Fan Entertainment, and more.
China’s economic performance and its collaboration with Cambodia are pivotal for Cambodia’s economic growth. As China’s economy is predicted to expand by 5.2% this year, ASEAN countries, including Cambodia, stand to gain from this economic spillover. Rising labor costs in China are pushing manufacturers towards lower-cost ASEAN countries, presenting potential investment and job creation opportunities for Cambodia. Events like the Cambodia Chinese Business Networking Event are integral to promoting these economic possibilities.
Looking to the future, 58cam.com has announced its plan to host the 9th Cambodian Chinese Business Networking Event in October 2023. It reflects their unwavering commitment to continually foster an effective communication platform for Cambodian and Chinese businesses, ultimately fueling the mutual growth of the two countries and propelling economic growth for Cambodia.
