Thai businesses eye expanding trade, investment in Cambodia

Thai businesses have set their sights on expanding trade and investment in Cambodia, especially in processed food, agriculture, tourism, renewable energy, plastic, and gems and jewellery.
Thai businesses eye expanding trade, investment in Cambodia ảnh 1The Aranyaprathet-Poipet border gate of Thailand and Cambodia (Photo: Asia News)
Bangkok (VNA) – Thai businesses have set theirsights on expanding trade and investment in Cambodia, especially in processedfood, agriculture, tourism, renewable energy, plastic, and gems and jewellery.

Sanan Angubolkul, chairman of the Thai Chamber of Commerce(TCC), said Cambodia is seeing average economic growth of 7 – 8% per year as aresult of the country opening up to foreign direct investment.

Cambodia has been trying to develop its tourism andagricultural sectors, but the country still lacks sufficient knowledge andmodern technology, especially in terms of storage and processing in order toincrease values.

This offers a very good opportunity for Thai businesses toforge joint investments with Cambodian counterparts in many sectors as above, accordingto Sanan, who is also chairman of the Board of Trade of Thailand. He led thefirst post-pandemic visit to Cambodia by more than 60 Thai businesses on August4 – 5.

The Thai business delegations also met with Cambodia’sIndustry, Science, Technology and Innovation Minister Cham Prasidh. They urgedthe Cambodian government to help tackle obstacles to trade facilitation, interms of rules and redundant regulations, to attract more foreign investment.

Sanan said Cambodia is potentially capable of becoming anexport-orientated manufacturing base for Thai investors now that the countryhas free-trade agreements with several countries, including China and theRepublic of Korea.

He added that the Thai business sector has also proposedthat cooperation be focused on gems and jewellery, as well as education.

According to Sanan, the business group also proposed thatthe Thai government re-establish a rail link between Sa Kaeo’s Aranyaprathetdistrict and Cambodia’s Poi Pet to facilitate cross-border trade and boosttourism around Thailand’s eastern border.

The rail link was halted following the outbreak of COVID-19in 2020.

Two-way trade between Thailand and Cambodia totalled 7.97billion USD in 2021, up 10.2% from a year before.

Exports from Thailand accounted for 7.07 billion USD, andimports stood at 895 million USD./.
VNA

See more

Malaysia’s foreign direct investment is expected to remain robust in the long term. (Photo: thestar.com.my)

Malaysia expected to remain magnet for FDI

A confluence of factors, including its significance in the global tech supply chain, friendly FDI policies, existing industry clusters, a skilled labour force and extensive free trade agreements (FTAs), makes Malaysia an outperformer in the region

The website of the Anti-Fake News Centre has had nearly 28 million views. (Bangkok Post File Photo)

Thailand to use AI to prevent fake news

The Thai Ministry of Digital Economy and Society said it is cooperating with over 300 agencies to eradicate fake news while looking to use articial intelligence (AI) to verify news reports.

Illustrative image (Photo: https://nationthailand.com)

Nissan to close factory in Thailand

The company expects to cut or transfer about 1,000 jobs in Thailand and stated that reducing operating expenses by around 400 billion JPY (2.62 billion USD) in the 2026 fiscal year will help maintain a stable operating profit margin of 4%.

The North of Thailand is grappling with a surge in wildfires, with 401 hotspots detected across 17 provinces (Photo: The Nation)

Wildfires rage northern Thailand

The North of Thailand is grappling with a surge in wildfires, with 401 hotspots detected across 17 provinces, the Region 3 Forest Fire Control Centre said on February 13.

Thailand suspends issuance of gun carrying permits to curb crime

Thailand suspends issuance of gun carrying permits to curb crime

Traisuree said the order was issued because many people in Thailand carry firearms in public places without a sound reason. Some display their firearms in public to intimidate others. Such habits could lead to crime and danger to people’s lives, properties and morale, she said.

Participants pose for a group photo at the 31st ASEAN-China Senior Officials’ Consultation in China's Ningbo city on February 13, 2025. (Photo: https://asean.org/)

China proposes new initiatives of cooperation with ASEAN

The Chinese side reaffirmed its support for ASEAN's community-building efforts and the bloc’s central role in regional affairs, emphasising the priority China places on its relationship with ASEAN as part of its neighbourhood diplomacy.

Malaysian Foreign Minister Seri Mohamad Hasan (right) and his Cuban counterpart Bruno Eduardo Rodriguez Parrilla in Kuala Lumpur on February 13. (Photo: Bernama)

Malaysia, Cuba strengthen bilateral ties

Malaysian Foreign Minister Seri Mohamad Hasan met with his Cuban counterpart Bruno Eduardo Rodriguez Parrilla in Kuala Lumpur on February 13, where discussions focused on enhancing collaboration in trade, health care, education and tourism.

Mount Lewotobi Laki-Laki, which stands 1,703 meters tall, has erupted multiple times in recent months. (Photo: Xinhua/VNA)

Indonesia raises volcano alert to highest level

Mount Lewotobi Laki-Laki, which stands 1,703 meters tall, has erupted multiple times in recent months. In November, a series of eruptions killed nine people, forced thousands to flee, and disrupted international flights to Bali.