December 24-26, a Qingdao delegation headed by Li Qun, the Party chief of Qingdao, visited Cambodia.

Located in the southern portion of the Indochina Peninsula in Southeast Asia and as a country of ancient civilization, Cambodia has traditional friendship with China. The country is an important business and trade partner of Qingdao in Southeast Asia. At present, enterprises from Qingdao has invested 16 projects in manufacturing, trade and real estates sectors in Cambodia with total investment over 240 million USD.

During the visit, the delegation received warm welcome from Yim Chhay Ly, Deputy Prime Minister of the Kingdom of Cambodia and the two sides had talks over business and trade cooperation between Cambodia and Qingdao. Li hailed the complementary advantages and huge cooperation potentials between the two sides. He said the Party Qingdao committee and Qingdao municipal government would continue to support the cooperation between the Port of Qingdao and Sihanoukville Port and encourage more local enterprises from Qingdao to invest in Cambodia and expand trade with the country and Mr. Li also hoped more Cambodian enterprises to establish their business presence in Qingdao to realize mutual benefit and win-win.

Yim Chhay Ly spoke highly of the investment of Qingdao enterprises in basic infrastructure, port development and import & export trade in the country which have injected immense vitalities to the economic and social development of Cambodia. Cambodian government would further strengthen cooperation with Chinese government and enterprises and help to realize more practical cooperation between the two sides by forging a safer, more efficient and more convenient investment environment in the country.

The Port of Qingdao, SITC, Qingdao Huatong, Qingjian Group, Qingdao City Construction Investment Group, Aucma and Zhongqi Holding Group inked letter of intent or cooperation MoUs with local enterprises in Cambodia. Haier, Hisense, DoubleStar, the Export-Import Bank of China and Jifa Group held business talks with over 30 local enterprises in the country.

During the visit, Qingdao also signed letter of intent on establishing economic partnership with Siem Reap.